News

Stump Market Minute: The Rise of eCommerce

Stuart Stump Mullens shares analysis and insight into the rise of eCommerce in the Home Furnishings industry.

Stump Market Minute: April 28, 2020

Today would be the last day of the Spring High Point Market, so we wanted to update everyone on the major themes we are hearing from our clients and friends, based on numerous calls over the last few weeks:

  1. Conserve Cash / Survive to play another day:
    a. Cut costs
    b. Evaluate staffing needs
    c. PPP loans
    d. Draw down on lines of credit to build cash reserves
  2. Re-Opening – what does this mean?
    a. Safety ...

April 2020 Update

COVID-19 has put a pause on much of the global economy. The furniture industry is no different – domestic factories are mostly shut down, many workers have been furloughed or laid off, brick & mortar retailers are by and large closed, and the Spring High Point Market has been canceled. Companies are conserving cash by cutting costs, drawing down unused lines of credit and extending payables wherever possible. Public stocks have taken a beating, and ...

Vegas 2020 - Strong Foot Traffic, High Customer Acquisition, and Double-digit Growth.

What happens here, only happens here. Or so we heard frequently in this ever-evolving city.

The 2020 Winter Market lived up to the hype. Most hallways were full of buyers and industry players, with exhibitors happily showing updated product lines in busy showrooms. We heard from several long-time clients that this was their best Vegas market yet, with foot traffic strong, customer acquisition high, and double-digit growth in orders from last year. This optimism reflects ...

Welcome to the New Decade

After major headwinds the first three years of the 2010s, we can confidently claim the 2010s as a growth decade. Building on a terrific 2019, 2020 is without doubt off to a strong start.

M&A activity across the industry continues at a cyclical high. Approximately 20% of the residential furniture industry changed ownership, either through merger, acquisition, IPO, PE re-capitalization, or through liquidation during the past 40 months. We agree with many industry leaders that ...

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