HomeWorld Business
Gourmet Insider
Housewares Design Awards
Mobile Homeworld Join us on Facebook Join us on LinkedIn Follow us on Twitter Join us on YouTube Subscribe to our RSS Feeds
HomeWorld Business Magazine, homeworldbusiness.com | The Newspaper For Housewares Decision Makers
  • Video
  • Events
  • Research
  • Subscribe 
    • New Digital Subscription
    • New Print Subscription
    • Renew Print Subscription
    • Address Change
    • Cancel Print Subscription
    • Website Account
    • Daily E-Newsletter
    • Paid Rates
    • Back Issues
  • Marketplace 
    • Directory
    • Classifieds
    • Job Posts
  • Advertising
  • Editorial Calendar 
  • About Us 
    • Our Team
    • Our Products
  • Home
  • Appliances
  • Kitchenware
  • Tabletop
  • Home Décor
  • Organization & Cleaning
  • Trade Shows
  • Retail
  • Financials
Login
Click here to use the Advanced Search
Site Login

Email:
Password:
Create Account
Forgot Password
 
 
 
 
   

Recognizing The Surprising Retailers Of 2010

Monday December 20th, 2010 - 9:43AM

| | Submit this to DiggIt.com | Submit this to del.icio.us | Add this to Google bookmarks | Add this to Yahoo! | Add this to Newsvine.com | Search technorati.com for blogs discussing this story | | Submit this to Stumbleupon.com | | Search icerocket.com blogs for this story What are these?
Tweet

These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!


We put a wrap on 2010 with this annual HomeWorld Business Year in Review issue.

A read through the December 20, 2010 - January 9, 2011, edition confirms the housewares industry stayed on its course during this pivotal year to deliver value-added household solutions, navigating around challenges of a still-tender but healing economy en route, hopefully, to new growth opportunities.

Perhaps this wasn’t a year awash with revolutionary product, marketing and merchandising strategy. But it was a watershed year for fine-tuning, polishing, reinventing and taking just enough calculated, evolutionary risk to put the housewares business in an enviably sturdy position as the retail marketplace turns the corner toward what many expect to be a more consistent growth path in 2011.

Recovery Dollars

As much as housewares suppliers find themselves in a pressurized clash for fewer retail slots, expect retailers that endured the downturn in the best condition to compete ferociously for recovery dollars. It will be interesting to see if this results in measurable market share shifts in key housewares categories by individual retailers, as well as further blurring of what used to be clearly defined distribution channel lines.

Consumers cross channels more freely than ever. Suppliers and brands must, as well, for the sake of selling to the most reliable customers regardless of channel.

Consider the 10 retailers that were honored for their merchandising excellence during the 2011 Housewares Design Awards gala February 2 in New York City. Chosen by category, these retailers are cited for their commitment to new product and merchandising innovation.

Some selections might seem puzzling at first glance based on perceptions of retailer and channel strengths and weaknesses that have been ingrained the past several years. But this is now, a new beginning. Retailers face a new opportunity to redirect traffic through their doors by deconstructing and rebuilding consumer and trade perceptions.

Ambitious Exclusive

• How can Office Depot get the nod for furniture merchandising excellence, some might wonder, with office superstore traffic in the tank? Because Office Depot is trying to oil the front door with ambitious, new exclusives in RTA workstations and office seating.

• Macy’s as a floor care honoree might be a head-scratcher because the fashion department store channel abdicated its top-of-mind presence in vacs years ago. In case you haven’t noticed, though, Macy’s is recapturing electric cleaning share by aligning with new brands and products in the expanding steam segment.

Early Adopter

• Most gourmet housewares stores don’t have the floor space and productivity patience to compete broadly against the big boxes for kitchen electrics. Even so, honoree Sur La Table is jockeying for incremental sales as an early adopter of the latest high-end specialty electrics.

• What did an off-price retailer, Home Goods, do to earn recognition as an innovative lighting retailer? Probably more than any other mass merchant by leveraging the off-price segment’s mounting traffic to develop a stylish, versatile and right-priced destination lamp department that blends first-run programs with opportunity buys seamlessly.

• What kitchen tool honoree Whole Foods Market lacks in sheer product scope compared to the superstores it makes up with a well-edited upscale mix, tidy presentations and the creative conversion of typically vacant store space into productive impulse selling space.

These and the other retail honorees seized the opportunity in 2010 to reset merchandising foundations. Yes, some are surprising choices. It’s their ability to surprise while consumers rediscover where and how to shop that could propel these retailers next year and beyond.

—Peter Giannetti

 

Tags: Housewares   
 
« Go Back
« E-mail a friend
« Printer Friendly
Advertisement
HEADLINES

Staples Struggles To Turn Operations Around In Q1 »

Unseasonable Weather Chills Lowe's Q1

Target Q1 Earnings Surprise Despite Soft Sales

Best Buy Posts Q1 Loss But Results Aren't As Bad As Expected

Home Depot Q1 Beats Weather, Wall Street

Nordstom Racks Up Sales But Still Comes Up Short In Q1

Kohl's Roughed Up In Q1 But Earnings Beat Street

Lifetime Brands, Bombay Co. Ink Licensing Deal

More Headlines...
ON THE RECORD
HomeWorld Business - On The Record
Belk's Kathryn Bufano Discusses How Charity Begins Near Home
Previous On The Records...
DIGITAL SUBSCRIPTIONS


Digital Subscription Service
Now Available

Click Here
VIEWPOINT
Ron Johnson’s JCP Chapter Still Being Written
Dissecting what Ron Johnson got wrong during his brief, calamitous term at the helm of J.C. Penney is sure to be the focal point of retail strategy and tactics lessons for years to come. But Penney’s future could still hinge to some extent on what he got right.

Click Here to read the full article.
Previous Viewpoints...

HomeWorld Business Magazine, homeworldbusiness.com | The Newspaper For Housewares Decision Makers
↑ Back to Top
My Online Account
Create Account
Update Account

My Magazine Subscription
Subscribe
Update Mailing Address
Cancel Subscription
My Digital Subscription
News Categories
Appliances
Kitchenware
Tabletop
Home Décor
Organization
Trade Shows
Retail
Financials
Viewpoint
Tools
Videos
Shows & Events
Marketplace
Classifieds
Research

About Us
Our Team
Our Products

Advertise With Us
Advertising
Editorial Calendar
Join us on Facebook Join us on LinkedIn Follow us on Twitter Join us on YouTube Subscribe to our RSS Feeds

ICD Publications
HomeWorld Business
Gourmet Insider
Housewares Design Awards
Hotel Business
Hotel Business DESIGN


©2001-2013, homeworldbusiness.com and ICD Publications, Inc. Cannot be reprinted without permission of homeworldbusiness.com and ICD Publications, Inc.