Viewing posts for the category News & Events
Categories: Market, News & Events, Stump & Company | Published: May 2nd 2021
Our team is excited to be back on planes and traveling!
We kicked off our return to in person markets with the Las Vegas Market, April 11-13. We expected a 50% crowd, but what we observed was probably less than that. It was disappointing to see the empty spaces in all 3 buildings, but there was great activity and energy on the lower floors. We also liked the new welcome center, check-in process and temporary ...
Categories: News & Events, Stump & Company | Published: Mar 31st 2021
The Stump team had a strong Q1 performance as the home furnishing industry continued its own impressive growth trends.
Merger and Acquisition interest is high, as evidenced with our recently announced transactions:
- Braxton Culler was acquired by Classic Home: a large global casegoods/lifestyle company acquiring a leading North Carolina better-end upholstery manufacturer.
- We saw broad interest in Braxton Culler from a variety of casegood companies, offshore importers, and other upholstery companies ...
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 ...
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, News & Events | Published: Oct 25th 2019
The High Point Market is the Super Bowl for the residential furniture industry. Historically, over 75,000+ people come to town twice a year to visit the 2,200 exhibitors that display their goods in over 12 million square feet of showroom space spread out over 150 buildings. Attendance varies, and we feel you can’t keep score anymore by the number of bodies in town. Today, as High Point re-emerges as the dominant global ...
- June High Point Market Recap
- Let’s go to the Market(s)!
- Q1 2021 Update
- A Furniture History Lesson
- BRAXTON CULLER, INC. IS ACQUIRED BY CLASSIC HOME, INC.
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