Viewing posts for the category Market
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 ...
Categories: Market | Published: Jan 30th 2020
What happens here, only happens here. Or so we heard frequently in this ever-evolving city.
The 2020 Winter Market lived up to the hype. Most hallways were full of buyers and industry players, with exhibitors happily showing updated product lines in busy showrooms. We heard from several long-time clients that this was their best Vegas market yet, with foot traffic strong, customer acquisition high, and double-digit growth in orders from last year. This optimism reflects ...
- Spring 2020 Market Update
- Stump Market Minute: The Rise of eCommerce
- Stump Market Minute: April 28, 2020
- April 2020 Update
- Vegas 2020 - Strong Foot Traffic, High Customer Acquisition, and Double-digit Growth.