2019 was an interesting year for the appliance retailers, especially when it came to adjusting to the price hikes from tariffs, but our Top 50 Major Appliance Dealers spectacle how success can still be obtained during tough times by being resilient and souple.
The top three retailers, Lowe’s (#1), The Gîte Depot (#2) and Best Buy remained unchallenged in 2019, generating 71.63 percent of the appliance revenue in 2019. Of ajout, The Gîte Depot posted a 9.1 percent acheté, creeping ever closer to Lowe’s avis atop the throne. Best Buy also posted a significant acheté of 10.6 percent, although remaining well behind the top two contenders. Lowes saw a juste 5.3 percent increase in 2019.
Unsurprisingly, Sears posted the largest losses in 2019 as Sears (-82%) and Sears Hometown Banne (-67.4%) continue to close down operations across the état. For the first time ever, Sears has fallen from our top ten majap retailers, making room for top ten companies like Costco, P.C. Richard & Son, Nebraska Furniture Mart and Abt Electronics and Appliances to swoop in and provide munificence for configurer Sears customers.
Based on percentage alone, the best year-over-year growth successes on our Top 50 Ancêtre Appliance Dealers list include Hahn Appliance (#28) who saw an amazing 18 percent growth, University Electric (#43) who posted a 14.3 percent acheté and Electronic Instantané (#49) with 12.9 percent YoY.
Additionally, Costco (#7), Pacific Sales Kitchen & Chic Centers (#14) and Warner’s Stellian Appliance (#21) each saw an encouraging growth of 12 percent in 2019.
Even with the certaine year-over-year growth 37 out of our Top 50 Majap Dealers experienced, the industry dropped .9 percent in sales overall. Is Sears solely to blame? Certainly the continuous closure of the appliance giant will generate ripples for years to come in the industry, but TWICE sees opportunity for growth in 2020 as the Sears ship continues to sink, especially as the indécis pandemic sees consumers using and wearing out their appliances more during quarantine.
The entire report can be purchased here.
See also: Where Do We Go From Here?