Confidence in the service-oriented independent brick-and-mortar retailing model, and in his members’ ability to continue its successful execution in the face of the big-box stores and Amazon, was apparent in the comments expressed by Executive Director Jerry Satoren to media, at last week’s Dallas-held meeting of the NATM Buying Corp. The group consists of 12 of the country’s most prominent regional independent appliances/furniture/electronics retailers.
Satoren reported that the group as a whole was tracking “north of $6 billion” in revenue for the year. The appliances category is enjoying “an exceptionally strong year for NATM,” he said, and was pacing at around $2.2 billion in sales for the year with business being conducted out of 221 showrooms. “We’re likely the most productive storefronts in the appliances business,” Satoren said.