October 2020 Market Update
Categories: Market | Published: Oct 20th 2020
The Stump team spent an uncharacteristically brief 24-hours in High Point last week at the Fall Market. With extra working days added for exhibitors, partially closed/“appointment-only” showroom policies, and ever-present COVID precautions we did not roam the halls nor shake hands as normal.
Nevertheless, we met with over 20 industry CEOs and owners, re-connected with old friends, and made several new connections. We also pitched a handful of potential buyers on two residential upholstery ...
September 2020 PreMarket
Categories: Market | Published: Sep 16th 2020
September 2020 High Point PreMarket
Masked and temperature checked (and with hand-sanitizer in pockets), our team spent two very upbeat days in High Point for PreMarket. Furniture Today called it the “mother of all PreMarkets” - we agree. Over 300 exhibitors officially participated with another 100+ exhibitors quietly open to customers by appointment. General consensus was that any attendee in town was there to write meaningful business. The attitudes of our clients and friends were incredibly ...
Four factors feeding record furniture sales
Categories: Articles & Publications, Stump & Company | Published: Sep 15th 2020
Originally published in Home News Now.
Stump & Co.’s Stuart Stump Mullens considers the drivers of the summer rebound and how well-positioned the industry is to continue on the upward path.
by Stuart Stump Mullens
In their latest earnings reports, many home furnishing retailers are reporting record-breaking quarters. This is a historical anomaly for the industry — to be leading the charge out of a recession (though a welcome one).
We see four primary ...
An Outlook on the Furniture Industry
Categories: Articles & Publications, Stump & Company | Published: Sep 1st 2020
Originally published in Home Furnishings Business
by Bo Stump
2020 has proven to be the most challenging and perplexing year of the new century. A global pandemic went from 0 to 6 million cases in a matter of months, with hundreds of thousands of casualties. The crisis sparked rapid job layoffs, business closures, plummeting GDP numbers, and a collapse in equity markets. Racial, societal, and political unrest followed, with the specter of a volatile U ...
July 2020 Newsletter
Categories: News & Events | Published: Aug 3rd 2020
Industry clients and friends:
We hope all of you have remained safe during the COVID-19 pandemic. We are now entering Month 6 of the crisis; while no immediate solution appears imminent at the time of this writing, we remain optimistic a vaccine and/or effective treatment will arise in the coming months and help us beat back the virus.
On a more positive note, we have noticed a significant uptick in business activity and M&A ...
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