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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 […]
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 + […]
Ralph Lauren has signed a long-term agreement with the family-owned, Michigan-based Haworth Lifestyle Design group to expand the production and distribution of Ralph Lauren’s luxury furniture business. Starting on April 1, 2024, Haworth will do the heavy lifting in product development, sourcing, manufacturing, product marketing and wholesale account management for the brand’s line of Italian-made […]
Crate and Barrel just opened a new flagship store in the Flatiron District’s historic Palace of Trade building. Set on two floors in a 23,000 sq. ft. space at 881 Broadway, the building’s neoclassical architectural elements serve as a perfect backdrop to showcase Crate and Barrel’s modern home furnishing designs. It’s a store that demands […]
Banana Republic should be spending its time working on fixing its core fashion brand, not venturing into the home category headed for a major downturn.
Speaker, author, and market researcher Pamela N. Danziger is internationally recognized for her expertise on the world’s most influential consumers: the American Affluent. As founder of Unity Marketing, Pam leads with research to provide brands with actionable insights into the minds of their most profitable customers.
Learn more about Pam