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 ...
Stuart Stump Mullens named in 40 under 40
Categories: Stump & Company | Published: Jul 21st 2020
Home Furnishings Business includes Stuart Stump Mullens, 31, in their Forty Under 40 list.
As a partner at Stump & Company, Stuart is responsible for all phases of merger & acquisition work, beginning with fundamental financial analysis, and working with furniture clients to execute the sale of their business. She manages the preparation of all offering memorandum materials, managing the sale process, and leading the legal negotiations and final sequencing of the closing. Now in her ...
Spring 2020 Market Update
Categories: Market | Published: Jun 1st 2020
“There will definitely be a new normal; but before that we will have a new abnormal.”
-Furniture Industry CEO
This has been a strange springtime for the world and the furniture industry. Typically, this season is a happy marathon for the Stump Team as we enjoy back to back markets kicking off in High Point in April, HD-Vegas in May, NeoCon in June, and finally the World Market in Vegas in ...
Stump Market Minute: The Rise of eCommerce
Categories: Market | Published: May 21st 2020
Stuart Stump Mullens shares analysis and insight into the rise of eCommerce in the Home Furnishings industry.
Stump Market Minute: April 28, 2020
Categories: Market | Published: Apr 28th 2020
Today would be the last day of the Spring High Point Market, so we wanted to update everyone on the major themes we are hearing from our clients and friends, based on numerous calls over the last few weeks:
- Conserve Cash / Survive to play another day:
a. Cut costs
b. Evaluate staffing needs
c. PPP loans
d. Draw down on lines of credit to build cash reserves - Re-Opening – what does this mean?
a. Safety ...
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