Starting the Year Strong – The Winter Market Lineup
Categories: Market, News & Events | Published: Jan 30th 2019
Our team kicked off 2019 with a flurry of travel. January’s tradeshow gauntlet was in full force with back to back shows for three consecutive weeks. The Vegas market this week was the highlight. A staggering number of industry CEOs believe this was their best year in Vegas ever. We also made a recent trip to Grand Rapids, Michigan which continues to be a region of significant impact on the furniture industry. Three of the ...
2018 Furniture Industry Reviewed - 2019: A look ahead
Categories: News & Events, Stump & Company | Published: Jan 2nd 2019
December 2018
The global furniture industry remains strong and has exhibited a multi-year growth trend. Consumer confidence, availability of disposable income for discretionary furniture purchases, and a generally strong stock market continue to drive positive industry performance. This year’s tax rate reductions have provided additional cash flow for corporations and higher dividends for investors. The tax cuts are also making large corporations enthusiastic about mergers & acquisitions. As a result, we are seeing more ...
BDNY Nov 2018 - An Energetic November Market
Categories: Market, News & Events | Published: Nov 13th 2018
BDNY - Hospitality Furniture Market Update
We attended the consistently upbeat and high energy BDNY hospitality show in New York this week, one of our favorite markets of the year. The Javits Center format, with small temporary booths and an easily walkable floor, is conducive to getting a lot accomplished in a short period of time. There were some frustrations this year among attendees with the logistics of the conference – 30-minute lines for the coat ...
Fall High Point Market 2018 - Winds Of Change
Categories: Market, News & Events | Published: Oct 21st 2018
Winds Of Change
The High Point Market started on Thursday with a hurricane that brought torrential rain, fallen trees and massive power outages. By Friday the skies were clear and the market as strong as we have seen.
The 10%, and impending 25%, tariff became the #1 topic for the week, as we walked the show and spoke with over 100 industry CEOs. Half of our clients think the Trump administration will cut a deal soon and leave the ...
China Update
Categories: News & Events | Published: Aug 20th 2018
CHINA UPDATE
August 2018
Chinese tariffs? Currency manipulation? Banking bubble? We had to go to China to see for ourselves.
Our 8-day trip to southern China and Hong Kong was very eye opening. Again, we witnessed this powerful country’s strong infrastructure moves, continuing construction of massive factories and skyscrapers, and hordes of people at every turn.
Tariffs were the main topic of discussion. There is general concern that the duties will endure and long ...
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