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How Beekman 1802 Mercantile Is Making a Home for HENRYs

Home furnishings brands: Meet the HENRYs! The gatekeepers to future prosperity.   HENRYs (High Earners Not Rich Yet) are an often overlooked and not a well understood segment of consumers. HENRYs have high incomes, ($100,000-$249,999) putting them in the top 20% of all U.S. households, but not nearly as affluent as the Ultra-affluents (top 2-3% with […]

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How to Hook Today’s — and Tomorrow’s — Home-Hungry Consumers

The home furnishings market was hit, and hit hard, by the recession.  Not until 2014 did the home furnishings market claw its way back to its pre-recession peak, reaching $288 billion as measured by consumer expenditures. But while the size of the home furnishings market may have recovered, the way American’s shop for home furnishings, […]

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West Elm Knows What HENRYs Want — You Can Too!

Williams-Sonoma Inc. just released its corporate quarterlies.  The company reports that its third-quarter revenues rose 7.8% and profits were up 8.6%.  But not all of the Williams-Sonoma brands could boast such great news.  The luxury-leaning Williams-Sonoma flagship brand was up a measly 1.2%, while mass-market targeted Pottery Barn eked out 2% growth.  West Elm, its […]

Luxury Consumption Index (LCI) 4Q2015

Good News & Even Better News in Unity Marketing’s Latest Affluent Consumer Tracking Study (ACTS)

Luxury spending up modestly, affluent consumer confidence builds strongly There is good news and even better news for marketers aiming at the highest potential affluent customers  in Unity Marketing’s most recent affluent attitude and purchase behavior survey. The good news is that affluents increased their average three-month spending on high-end or luxury goods and services […]

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How Lovesac Is Marketing Home Furnishings in New Luxury Style

A new generation of affluent customers demands a new way of marketing luxury goods and services.  Millennials on the road to affluence don’t want their father’s or their grandfather’s luxury; they want their own! The coming generation of affluent luxury customers brings a whole new set of expectations and ideas about what luxury is and […]

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