The E-Commerce Revolution
Categories: Articles & Publications, Stump & Company | Published: Feb 25th 2021
Originally published in Furniture Today
By Stuart Stump Mullens
COVID-19 has perhaps accelerated the adoption of online consumer purchasing by 10 years. The massive growth rates in 2020 of some of the largest e-commerce platforms selling furniture are staggering:
- Amazon grew 38% and added over $100 billion in revenue. Q4/2020 showed sales growth of 44%.Total revenues are approaching $400 billion.
- Wayfair has a 50% compounded growth rate since 2014. Revenues for 2020 will ...
Profile: The Stump Companies
Categories: Articles & Publications, Stump & Company | Published: Feb 5th 2021
Originally published by VanNoppen Marketing
by Allen VanNoppen
Nearly 50 years ago Charlotte businessman Ralph Stump founded The Stump Companies with a clear mission to provide owners of the furniture industries with real estate transactions and trusted, smart and confidential financial leadership overseeing mergers and acquisitions.
Today, with headquarters still entrenched in Charlotte, the company has evolved into a multi-generational, family-owned, industry sector powerhouse dedicated to home furnishings mergers and acquisitions and real estate brokerage ...
Confronted with supply chain pressures
Categories: Articles & Publications, Stump & Company | Published: Feb 4th 2021
Originally published in Furniture Today
By Bo Stump
“Never let a good crisis go to waste” is a famous quote often attributed to Rahm Emmanuel, but in reality it was first said by Winston Churchill (and we assume by many other less-famous individuals in the past).
In the COVID-19 era, we have heard this phrase repeated by many of our clients and friends. The residential furniture sector is growing dramatically as more people are ...
Blog: 2021 – change, scale & opportunity
Categories: Articles & Publications, Stump & Company | Published: Jan 15th 2021
Originally published in Furniture Today
by Bo Stump
Ashley’s recently announced $1 billion capital investment over 18 months is a blockbuster that all of us in the furniture industry should take notice of. It is clear evidence of the need to remain agile, constantly improve and anticipate the numerous seismic changes coming around the next corner.
$1 billion is larger than the market capitalization of all the public companies in the residential index, with La-Z-Boy ...
2021 is Expected to be a Boom Year for Mergers and Acquisitions
Categories: Articles & Publications, Stump & Company | Published: Jan 13th 2021
Originally published in Business of Furniture
by Bo Stump and Stuart Stump Mullens
2020 will go down in history as an epic year of frustration, disappointment, hardship and much more. In the business world, however, we have seen an amazing stock market rally, encouraging data on a quick macro-economic recovery and positive signs for a stronger 2021.
In the commercial furniture sector, we are witnessing a seismic shift due to the work-from-home (WFO) movement, direct-to-consumer ...
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