Viewing posts for the category Market
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 ...
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 ...
Categories: Market | Published: May 21st 2020
Stuart Stump Mullens shares analysis and insight into the rise of eCommerce in the Home Furnishings industry.
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 ...
Categories: Market, News & Events | Published: Apr 13th 2020
COVID-19 has put a pause on much of the global economy. The furniture industry is no different – domestic factories are mostly shut down, many workers have been furloughed or laid off, brick & mortar retailers are by and large closed, and the Spring High Point Market has been canceled. Companies are conserving cash by cutting costs, drawing down unused lines of credit and extending payables wherever possible. Public stocks have taken a beating, and ...
- September 2020 PreMarket
- July 2020 Newsletter
- Stuart Stump Mullens named in 40 under 40
- Spring 2020 Market Update
- Stump Market Minute: The Rise of eCommerce