Exclusive Research: Slow Climb for Top 15 Suppliers
Jennifer Marks -- Home Textiles Today, January 28, 2012
NEW YORK - What a difference a decade makes. Nothing illustrates the diffusion of business brought on by globalization and retail-direct sourcing than a look at the leader board for the Top 15 suppliers.
In 2001, three of the top five manufacturers each generated more than $1 billion in sales. In 2011, the largest home textiles supplier was Mohawk Home with $636 million in sales - compared to $600 million it produced in 2001. Still, 2011 saw two multi-category mills make gains. Welspun broke the half-billion-dollar threshold, producing sales of $550 million in the United States. Alok continues to march toward the mark, with U.S. sales up 8% to $430 million.
Meanwhile, two one-time billion-dollar mills fell further in the rankings. WestPoint, now a division of Icahn Enterprises with manufacturing facilities in Pakistan and Bahrain, saw its sales tumble 18% and moved from No. 4 to No. 5 in HTT's Top 15 Suppliers ranking.
Sales at Springs Global, now the U.S. division of a Brazilian manufacturer, dropped 41% last year after falling 45% in 2010. Springs, which in 2002 sold more than $2 billion in goods, slipped from No. 2 to No. 6 in the rankings with $310 million in sales.
For the complete report, see the 02 Jan. 2012 print issue of Home Textiles Today, or click here for the exclusive online version.
Related Content By Author
Industry Related Content
H&TTtv Talks Outdoor Rugs