Wayfair makes money by drop shipping furniture and home products, much like any other traditional retailer. Wayfair does not keep its own inventory and instead maintains a network of clients that ship straight to their customers, which is known as drop-shipping. Wayfair competitors include:
#1. Walmart
- Founded: July 2,1962
- Headquarters: Bentonville, Arkansas, United States
Need to know
Walmart (https://www.walmart.com) was established in 1962 by Sam Walton and incorporated under Delaware General Corporation Law. Sam’s Club warehouses are also owned and operated by the company. Walmart has over 10,566 shops and clubs in 24 countries, operating under 48 distinct names. Walmart held a minority stake in Walmart Brasil, which was rebranded Grupo Big in August 2019, with private equity firm Advent International owning the other 80% of the company’s shares. With 142 MW of capacity and 17 energy storage projects, Walmart was the largest commercial solar power generator in the United States in 2015.
It is based in the United States and operates a chain of hypermarkets, inexpensive department shops, and grocery stores. Whether you need to mount a television, pay a check, or maintain your automobile, Walmart is there to help. Retail products, pharmaceuticals, banking, wifi, and picture lab services are among the services it provides.
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#2. Home Depot
- Founded: February 6, 1978
- Headquarters: Atlanta, United States
Need to know
Home Depot (https://www.homedepot.com) was established in 1978 by Bernard Marcus, Arthur Blank, Ron Brill, and Pat Farrah. The Home Depot’s pitch was to construct home improvement superstores that were larger than any of its competitors’. Marcus and Blank obtained assistance from Ken Langone, an investment banker, in obtaining the required funds.The Company Store was established in 1911 and specializes in catalog and internet sales. The Home Depot operates over 90 distribution centers around the United States, serving over 2,000 locations.
It provides tooling, construction materials, and services. In addition to selling roofing materials, they also provide roof repair and installation services.
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#3. eBay
- Founded: September 3, 1995
- Headquarters: San Jose, California, United States
Need to know
eBay (https://www.ebay.com) was established in 1995 by Pierre Omidyar. A damaged laser pointer was one of the first goods to sell on AuctionWeb for $14.83. Omidyar was taken aback and phoned the winning bidder to inquire whether he realized the laser pointer was broken; the buyer answered, “I’m a collector of broken laser pointers.” It quickly rose to prominence as the first online auction service to offer person-to-person transactions. According to reports, eBay was just a pastime for Omidyar until his Internet service provider warned him that, owing to his high website traffic, he would need to upgrade to a corporate account.
It offers a website as well as an online auction and shopping service, through which individuals and businesses may purchase and sell a wide range of items and services all over the world. Buyers can access the site for free, but sellers are to pay to list products (after reaching a certain number free listing) and when those items are sold.
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#4. Etsy
- Founded: June 18, 2005
- Headquarters: Brooklyn, New York
Need to know
Etsy (https://www.esty.com) was established in 2005 by Robert Kalin, Chris Maguire, Haim Schoppik, and Jared Tarbell. It took two and a half months to create the first version. Later, Jared Tarbell became a member of the team. Maria Thomas joined Etsy as COO in 2008, was moved to CEO in 2009, and resigned in December 2009. From December 2009 through July 2011, Robert Kalin resumed his post as CEO. Sean Meenan, Spencer and Judson Ain, Albert Wenger, Union Square Ventures are among the investors.
The business focuses on vintage items and craft supplies. Their products fall under a range of categories, jewelry, bags, clothings, toys, art, craft supplies, tools, etc
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#5. Lowe’s
- Founded: March 25, 1921
- Headquarters: Mooresville, North Carolina, United States
Need to know
Lowe’s (https://www.lowes.com) was established in 1921 by Lucius Smith Lowe. The company operates a retail shop chain in the United States and Canada. Lowe’s is the second-biggest hardware retailer in the United States (it was the largest until 1989, when it was eclipsed by The Home Depot), trailing only The Home Depot and ahead of Menards.
It provides installation services that will be completed in a professional and timely manner by an independent installer. Lowe’s guarantees that the installation services will be executed in a professional and timely manner by an independent installer.
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#6. Amazon
- Founded: 1994
- Headquarters: Seattle, Washington
Need to know
Amazon (https://www.amazon.com) was established in 1994 by Jeff Bezos. Amazon began as an online book marketplace and has now evolved to include most forms of retail transactions, such as furniture, home décor, and appliances. The corporation was named the most valuable retailer in the United States, as well as the fifth-largest on the Fortune 500 list. It became a household brand because of its hard work and commitment, registering about 2.02 billion customers in a month. However, Amazon has an advantage over Wayfair due to its solid financial position, product diversity, huge delivery network, and cost-cutting customer services such as no-cost EMI.
The corporation sells a wide range of consumer goods, including electronics, food, medication, and more.
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#7. IKEA
- Founded: July 28, 1943
- Headquarters: Delfth, Netherlands
Need to know
IKEA (https://www.ikea.com) was established in 1943 by Ingvar Kamprad as a mail-order sales business. It started selling furniture five years later. IKEA, a Swedish firm, has a global reach due to its high-quality furniture products, which are accessible both online and in shops. Ingvar Kamprad laid the foundation stone for IKEA in 1943, but it wasn’t until 2008 that it became the world’s largest furnishing retailer. With 445 shops in more than 50 countries, IKEA is one of the world’s leading furnishing businesses. It employs over 211,000 people worldwide and sells over 12,000 different types of home goods online and in its shops. IKEA’s annual revenue is expected to be $46.78 billion in 2020.
IKEA is a worldwide corporation that sells high-quality, inexpensive, and simple-to-assemble home furnishings, kitchen equipment, and home décor items.
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#8. Target
- Founded: June 24, 1902
- Headquarters: Minneapolis, Minnesota
Need to know
Target (https://www.target.com) was established in 1902 by Geoge Dayton. With nearly 2000 locations in the United States, it is one of the world’s largest retail chains. Project62, Hearth & Hand, and Opalhouse are among the company’s in-house brands that sell home goods. Target’s full-year sales in 2020 were $93.6 billion, up 19.8% from the previous year. In 2020, it snatched $6 billion in market share from competitors and achieved record-breaking digital sales. Target has risen to become one of the top ten e-commerce merchants in the United States. As of 2021, Target had about 1,926 locations in the United States. On the 2020 Fortune 500 list of the biggest US firms by total revenue, the company is ranked 37th.
Target produces cosmetics, bedding, clothing, and accessories, electronics, food, toys, furniture, jewelry, games, lawn and garden products, pet supplies, shoes, and small appliances.
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#9. Ashley Furniture
- Founded: 1945
- Headquarters: Arcadia, Wisconsin, US
Need to know
Ashley furniture (https://www.ashleyfurniture.com) was established in 1945 by Carlyle Weinberger as a sales operation. Ashley Furniture is a furniture retailer and manufacturer based in the United States. It has more than 1,000 locations worldwide. Ashley acquired 4,000 new staff in the second half of 2020, bringing the total number of employees to over 35,000 worldwide. Ashley HomeStore is North America’s most well-known traditional furniture retailer. Ashley made $6.4 billion in revenue in 2020, up 13% from the previous year. Ashley will invest $1 billion in production, distribution, automation, and labor from January 2021 to June 2022. Today, the corporation has operations all throughout the United States, as well as factories in nations around the Pacific Rim, such as Vietnam and China.
The company offers furniture for the living room, dining area, bedroom, and home office. Ashley HomeStore is a brand that sells items in North America.