International Association of Department Stores - IADS’ Post

Thank you Store Brands for quoting International Association of Department Stores - IADS' findings on private labels in the Home & Decor category (link in comments, English, Free). 😥 Yes, this article is over a month old, and this is the proof that we spent too much time in planes last June. However, Greg Sleter's piece is excellent because he adds a lot of super interesting information about what is going on for the category at US Retailers. Private labels are a staple in retail, and this is true even for the likes of Amazon. In Home & decor, they represent up to 35% of the total business (mostly around 2 different angles: either a great price or a different and recognizable design), and some IADS members are considering increasing the number of private labels. In the US, retailers follow suit: Greg mentions the new Macy's home piece collection, curated by the founder of an eco-retreat based in Arizona, ticking the price and sustainability boxes with a Navajo-inspired design at the same time. Kohl's is also flexing his muscles in home product assortment, with 40% more products including glassware and ceramic, barware, lighting and botanicals. This ramping-up is fully integrated into their overall strategy: 🏠 The introduction of new categories goes in line with their ambition to become a destination with a unique offering, 🏠 These new items are also integrated into their "everyday essentials" offer, with a great price point matching a constantly refreshed and updated product proposition to continually appeal to customers, 🏠 60% of the new products will be seasonal and adapted to each holiday to generate conversations and curiosity. As Kohl's CMO puts it, "when shopping home goods customers are centered around inspiration", and they aim to become a top-of-mind destination for home decor. This might be trivial for European customers used to seeing this category in many department stores, but in the US, only Bloomingdale's offers a great range of home items to their customers, in addition to all the usual categories (fashion, cosmetics, etc...). No wonder that Bloomingdale's joined the IADS a month ago! Thank you Greg Sleter for the great article.

In a world where individuality is celebrated, the demand for personalized home textiles is soaring. From custom-made curtains to monogrammed bedding, consumers are increasingly seeking unique pieces that reflect their personal style and identity. This trend isn't just about adding a personal touch to home decor; it represents a significant opportunity for manufacturers to tap into a lucrative market. By offering personalized options, manufacturers can cater to the diverse tastes and preferences of consumers, allowing them to stand out in a crowded marketplace. Moreover, personalized home textiles offer manufacturers the chance to upsell and cross-sell complementary products and services. For example, a customer who purchases a personalized duvet cover may also be interested in matching pillowcases or coordinating curtains, presenting additional revenue opportunities for manufacturers. As consumer expectations continue to evolve, manufacturers that embrace the trend towards personalized home textiles stand to gain a competitive edge in the market. By offering customizable products that resonate with individual tastes and preferences, manufacturers can forge stronger connections with customers and drive business growth in the dynamic world of home decor. #homedecor #hometextile #trendanalysis #inspiration

New-Delhi-based home decor brand Dusaan has expanded into furniture category with over 300 products. Click on the link below to know more... Dusaan I Simran Kohli #dusaan #homedecor #furniture #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailindia #retailsectornews #retailresults #retailtrends #retailbusiness #ir #IndiaRetailing

Upcoming Trends | #2: The Importance of Rest 💤  Self-care is a term we’re becoming more comfortable with. With so many great products out there, it makes it really easy to take time for a “self-care Sunday”. But there’s importance of rest in every category: elixirs, pillow mist, pillows, loungewear, home decor, even cars now come with a massaging seat - which we highly recommend! 😉  This season, we’re creating “rest stories” to inspire our guests to take care of themselves & others this gift giving season. 📖 A few of our “must-haves” include favorites from: IGs: * @livebathorium * @kneskoskin * @lunya * @kashwere * @madison.and.green #madsenandales #retailbydesign #livelifestyled #luxurygoods #luxuryproducts #luxuryhospitality #luxuryretail #visualmerchandising #curatedluxury #retailmerchandising #retailconsultant #selfcare #selfcarematters #selfcareideas #luxurybrands

The #WayfairRetailProductsDataset encompasses a vast array of items sold on the platform, including furniture, home decor, appliances, and more. It includes detailed attributes such as product names, descriptions, dimensions, materials, prices, and customer ratings. This dataset facilitates market analysis, allowing businesses to identify trends, understand consumer preferences, and optimize product offerings. Additionally, it supports inventory management by providing insights into product popularity and stock levels. Overall, it serves as a valuable resource for retailers and researchers in the home goods industry. Know More:https://lnkd.in/dAsUzGJA #ScrapingWayfairProductData #WayfairDataSetExtracter #CollectionOfWayFairDataset #WayFairDataSetScraper #ECommerce #ecommercebusiness #retailstore #RetailsDataScrapingServices #ECommercePriceMonitoring #DataScrapingfromEcommerceWebsite #eCommerceDataScrapingServices #datacollection #mobileappscraping #WebScrapingServices #webscrapingapi #Productdatascrape #DataHarvest #bigdata #datamining #Canada #Australia #Unitedstates #unitedkingdom #UnitedArabEmirates #singapore #india #Ireland

United States Home Décor Market Report 2024-2030: Analysis of Emerging Trends in the $180B+ Projected Industry 1. The report predicts the growth of the United States Home Décor Market to reach a valuation of approximately $180.39 billion by 2030. 2. The market is driven by factors such as economic prosperity, sustainability and wellness trends, technological advancements, and the availability of multiple distribution channels. 3. The flooring segment is expected to experience a resurgence, with a focus on innovative and sustainable floor coverings. 4. Specialty stores dominate the market, offering a wide range of premium and exclusive products to appeal to discerning customers. 5. The report also features a comprehensive analysis of major market players, including Inter IKEA Systems B.V., Bed Bath & Beyond Inc., and Herman Miller Inc., among others. Source: https://lnkd.in/g347QdAZ #HomeDecor #InteriorDesign #HomeStyle

Once upon a time in the bustling world of DTC brands, Anika—a savvy home decor entrepreneur—faced a challenge familiar to all founders. How to make her ads stand out in a sea of offers. Spoiler alert: She nailed it. Here’s what we did: 1> Maximizing Profit Margins: We knew that simply slashing prices wasn’t the golden ticket. Imagine trying to squeeze water from a stone—yeah, it doesn’t work. Instead, we calculated her profit margins down to the penny. When we introduced a 15% discount on her exquisite handmade rugs, she adjusted the CAC goals. If the new CAC looked like it was on a luxury cruise, we reconsidered the offer. This smart move kept our promotions profitable and her accountant happy. 2> Keeping it Simple: We knew that a confused mind says no. So, we kept the offers straightforward. Our "Spend ₹3000, Get Free Shipping” campaign was laser-focused on boosting the average order value (AOV). It was like trying to herd cats—you can’t do too many things at once. By sticking to one goal, we made it easy for customers to say yes. 3> Knowing The Customers’ Needs We had a knack for understanding what her customers wanted—kind of like a home decor whisperer. We realized that offering a bulk discount on luxury vases was like trying to sell ice to an Eskimo. Instead, we bundled complementary items, like a vase with matching decor pieces, which flew off the shelves faster than you can say “interior design.” 4> Highlighting Unique Value: The home decor items were not your run-of-the-mill finds. We made sure the customers knew this by highlighting the unique craftsmanship and exclusive designs. It was like telling everyone that our decor was the Beyoncé of home items—unique, stylish, and in high demand. This approach made our offers irresistible. 5> Tailoring to Specific Audiences: Using data from the ad campaigns, We tailored the offers to different customer segments. We noticed that young professionals were all about minimalist decor. So, we crafted special promotions just for them, like a sleek discount on modern wall art. It was like knowing that millennials love avocado toast—hit them where it counts! 6> Creating a Sense of Urgency: FOMO was real. We introduced limited-time discounts and exclusive deals for the first 100 customers. It was like offering front-row tickets to a concert—everyone wanted in. This sense of urgency led to a rush of immediate purchases and a spike in sales. 7> Consistent Branding: Building Trust Throughout the campaigns by maintaining consistent branding. The ad copy, colors, fonts, and imagery were all on point. It was like seeing a Starbucks cup—you know exactly what to expect. This consistency built trust and recognition, making her offers even more appealing. With smart strategies and a touch of creativity, you too can turn your offers into a home decor success story. #homedecor #d2c #facebookads #googleads #performancemarketing #digitaladvertising #startup #interior #ecom

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Hi I'm Erik and I founded Goldberg Retail Solutions, a home decor buying company. I started this company because I believe it adds great value to the stores that work with us. Typically, a home decor buyer is employed by the department store. This way, they can work continuously on the store's projects, keep track and manage the inventory and keep an ongoing relationship with the store's vendors. This type of buyer takes a crucial part in the store's ability to keep their products in stock and in good quality. Using my services as a third party company gives me different benefits that the store's employees don't have. 1. Third-party company - as a home decor buying company, I provide an honest opinion on the store's situation in all the different aspects, and can act without the influence of status in the hierarchy. This gives me the opportunity to take risks, and pass constructive criticism on the store's actions. All of these give me the ability to work on the store's profitability, expanding the product range and reach, strengthening the market presence and more. 2. Experience - my education in the field, together with my experience as a product manager and marketing analyst give me the tools to recognize incoming trends, analyze the store's customers' buying patterns, customize sales strategies, and give high quality advice related to relations with vendors and suppliers. 3. Point of view - as a third party company, we work with different clients. This work gives us a different perspective on the upcoming trends and buying patterns. We are able to look at them from a larger more broad and inclusive point of view, and give your store a better understanding and view on your products. You do not need to employ us permanently in order to get advice that will significantly boost your business's profits and audience. Our company works in short - term projects and provides significant results for the stores we work!

Furniture Industry 2024 Report The Post-COVID Furniture Industry: A Shifting Landscape The COVID-19 pandemic significantly impacted the home décor and furniture industry, with increased spending on home improvements driving a surge in sales. However, supply chain disruptions led to higher prices and inflation over 10%. As 2022 began and normal life resumed, consumer spending shifted, causing a drastic drop in home product sales and prices, despite persistent high shipping costs. This situation allowed Chinese factories to penetrate the US market through platforms like Amazon, Temu, Walmart, Wayfair, and Overstock. Adopting a low-cost, low-profit strategy, these factories targeted American consumers directly, changing the market structure significantly. Millions of Chinese entrepreneurs now upload products to American platforms, resulting in industry deflation for over a year. However, these companies do not pay US taxes or hire local workers, posing long-term risks to local industries. Is there a plan to address this business structure? Currently, it seems not. This issue extends beyond home décor to other sectors as well, calling for strategic intervention. The Next Steps Balancing consumer benefits with the health of local industries requires several strategies: Regulation and Policy Adjustments: Enforcing taxes and tariffs on foreign direct-to-consumer sales can ensure fair competition. Supporting Local Manufacturers: Introducing incentives like subsidies and tax breaks can help local businesses compete. Encouraging Innovation: Investing in advanced manufacturing techniques and new business models can improve efficiency. Consumer Awareness Campaigns: Educating consumers about the benefits of buying locally can shift purchasing behaviors. Collaboration with Platforms: E-commerce platforms should prioritize local businesses through dedicated sections and better terms. Without strategic intervention, the long-term consequences could include the erosion of local industries and economic instability.