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Viewing posts from February, 2021

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 ...

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