Viewing posts for the category News & Events
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 ...
Categories: Market, NeoCon, News & Events | Published: Jun 12th 2019
Neocon was upbeat and well attended again this year. Our discussions with clients and prospects during our 48 hours in Chicago confirm that most are doing well in this up-cycle, despite the headwinds of Chinese tariffs and the unavailability of labor. Unanimous sentiment was companies are looking to expand and grow.
Quote of the market #1: “Pivot to growth,” was the strategy one acquaintance shared with us.
A few trends of note that we ...
Categories: Market, News & Events | Published: May 20th 2019
We spoke with over 60 CEOs during our 48 hours in Vegas and the comments felt polarizing this year. For some, attitudes were dampened by the recent Chinese tariffs. They felt decline in attendance and trepidation as key players in the hospitality sector exited the show. Several commented that HD-Vegas is becoming a regional show for the west coast players while BDNY is becoming the major show. Keep an eye on this.
However, most participants ...
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