follow us

Wal-Mart nears $3B mark in home textiles sales

New York — Wal-Mart is about to become the industry's first $3 billion home textiles retailer, widening the gap further between it and No. 2 JCPenney by $555 million.

At the same time, the third largest home textiles retailer, Target, which is threatening to overtake Penney, even as both are being threatened by specialist Bed Bath & Beyond, is in the fourth spot - for the moment.

The Top 5 remained the same in the exclusive Home Textiles Today Top 50 retail rankings for 2002, but there was no shortage of twists and high-drama subplots to the story.

And the Top 5 increased its sales clout within the ranks of the Top 50, moving up 7.5 percent to $11.02 billion in 2002 from $10.25 billion in 2001.

The home textiles universe for 2002 was $23.9 billion, up 3.0 percent from the 2001 sales of $23.2 billion.

Wal-Mart continued as the leader in home textiles sales with a 13 percent increase, bringing it to the $2.92 billion mark, increasing its lead over the former No. 1, JCPenney, which had home textiles sales of $2.36 billion for 2002.

Penney, which was deposed from its lead rank in HTT's ranking in 2000, saw the gap between it and Wal-Mart increase by $555 million in 2002, up from a differential of $245 million in 2001, and a scant $46 million in '00, the year it lost its crown.

Featured Video

  • Online Moves From Afterthought To Main Thought For Textiles Suppliers

    Camera Icon More Videos

Other Home Furnishings Sites

Casual Living
Gifts and Decorative Accessories
Home Accents Today
Kids Today
Furniture Today