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February 19, 2020

Retailers clean up with home storage trend

By GlobalData Retail

Living in a tidy home has never been more on trend. Lifestyle experts, including organising consultant Marie Kondo, not to mention approachable celebrities such as Stacey Solomon, tell consumers that keeping an orderly home will improve their lives. But, there is a more practical reason also at play: UK homes have a shortage of space. So any storage item that can increase floor space in homes is now a highly sought-after item.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
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The top household storage items bought in 2019 differ notably from two years ago, and reflect how consumers choose to tidy their home. Hangers, clothing rails, shoe racks and wall hooks are all far more popular than they were in 2017 as consumers seek to replicate the home organisation pushed by influencers.

Ranking of purchased household storage items, 2017 vs 2019

Source: GlobalData survey of 2,000 consumers

Retailers have actively responded to demand, with storage items strategically placed at tills, and marketing emails populated with storage solutions for the home. The result has been a huge surge in sales. John Lewis, whose latest collaboration is with iDesign, a company specialising in home-storage products, recently reported a 57% increase in sales of storage items over the past four years (and John Lewis does not feature in the top 10 retailers used to buy household storage).

Consumers are not particularly loyal to retailers in this category, with less than half knowing which retailer they wanted to buy their storage items from – and, as a result, easily influenced.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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