Report: Wal-Mart was top furniture retailer in 2002

Report: Wal-Mart was top furniture retailer in 2002

¡¾Sep. 4, 2003¡¿

Report: Wal-Mart was top furniture retailer in 2002

Wal-Mart Stores sold more furniture than any other U.S. retailer in 2002, making it the first non-conventional furniture store to receive the designation in 10 years, according to a survey by Furniture/Today magazine.

Furniture/Today said Wal-Mart sold $1.24 billion in furniture and bedding in 2002, up 14 percent from 2001, citing the Furniture/Today ranking. Other top furniture retailers were Rooms To Go; Ethan Allen Interiors Inc.; Levitz Home Furnishings; La-Z-Boy Inc.'s La-Z-Boy Furniture Galleries; Office Depot Inc.; Sam's Club; Federated Department Stores Inc.; Berkshire Hathaway's furniture division; and Costco Wholesale Corp., Dow Jones Newswires reported.

Non-conventional furniture stores made up 12 of the top 25 furniture and bedding retailers in 2002, according to the report.

With more than 12,000 employees in St. Louis, Bentonville, Ark.-based Wal-Mart Stores Inc. (NYSE: WMT) is the fifth-largest employer in the region. In the last fiscal year the company earned $6.3 billion on revenue of $191.3 billion.

Source:stlouis.bizjournals.com