Big Lots is putting everything in its 900 stores on sale with plans to close the business in early 2025 unless a buyer is found to save some or all of the company.
Archive | Home & Home Furnishings
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RH Overcomes Home Market Downturn And Expects 2025 To Be Bigger, Better
Coming off third quarter with revenues up 8% and market share gains, RH will move aggressively in 2025 to shore up its leadership in the home furnishings market.
RH Remains Far From The Summit Of ‘Luxury Mountain’
In RH’s first quarter 2024 report to Wall Street, CEO Gary Friedman tried to put a positive spin on otherwise depressing news – the lipstick-on-a-pig metaphor comes to mind. For years, Friedman has defined the long-term vision for RH to “climb the luxury mountain,” but it reached its peak in fiscal 2021 with revenues of […]
Why Lovesac Keeps Winning While Other Furniture Brands Falter
As the furniture industry reels from a dramatic drop in consumer demand, Lovesac overcame market headwinds to report 7.5% growth in revenue in fiscal year 2024, reaching $700 million from $651 million the previous year. Lovesac’s advance is remarkable, given that furniture retail revenues dropped 5.7% in 2023 to $75.2 billion from an historic high […]
In A Challenged Luxury Furniture Market, Arhaus Swims Against The Tide
Furniture retailers got an unwelcomed surprise last year. After advancing 24% from 2019 to 2022 – rising from $64.2 billion to $80 billion – sales dropped nearly 6% to $75.3 billion in 2023. But that’s nothing compared to the decline in the high-end luxury furniture market. Some of the weaker companies, like Mitchell Gold + […]
