Categories: Articles & Publications, Stump & Company | Published: Jan 6th 2022
by Stuart Stump Mullens
originally published in Furniture Today
E-commerce and brick and mortar symbiosis. E-commerce continues to boom and is interestingly coming full circle. Wayfair announced last week they will start to open brick & mortar stores in 2022. In parallel brick-and-mortar flagship retailers from RH to Costco are investing heavily in their website presence and .com business, which is booming.
In Costco’s most recent earnings call they reported their .com business is up ...
Categories: Articles & Publications, Stump & Company | Published: Nov 23rd 2021
by Stuart Stump Mullens
Our residential furnishings industry is enjoying a surge in demand, and a lot of people don’t understand why (and wonder if it is here to stay). Here’s our take (long story short, we think our industry is in for a nice long run) on it.
Categories: Market, News & Events, Stump & Company | Published: Nov 17th 2021
Our team traveled to New York for the annual BDNY hospitality show at the Javits Center and it was fantastic! Attendance far exceeded anyone’s expectations and the energy was strong. The exhibitors and attendees alike were optimistic about a rebound in hospitality business for 2022 and beyond.
New York was bustling too. The planes were packed, the restaurants full, and construction was everywhere. Hudson Yards has a new multi-building complex across from the Javits center ...
Categories: Articles & Publications, Stump & Company | Published: Nov 9th 2021
by Tim Stump
TIJUANA, Mexico — The press has lately been relentless in its reporting on supply chain issues as many Asian countries continue with Covid-induced shutdowns, rising container costs, congested US ports, and prices increase on imports. This is leading many domestic companies to consider Mexico as a sourcing alternative thanks to its close border proximity, comparable first cost labor rates to China,
abundance of labor, and a ...
Categories: Market, News & Events, Stump & Company | Published: Oct 21st 2021
Our team worked the halls of the High Point market for 6 days and were pleased with the attendance, energy, and optimism. Most clients told us that total visits were probably 40-50% below pre-covid levels, but much better than expected. A few Canadians crossed the borders given the new transit rules, and there were several Asian and European groups in attendance as well. Best of all, the weather was a perfect North Carolina autumn, making ...
- 2021 Disruptions to the Home Furnishings Industry
- Why is furniture hot right now?
- Boutique Design New York (BDNY) 2021
- What’s all the fuss about Mexico?
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