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 + […]
Tag Archives: West Elm
Luxury Home Furnishings Retailer Arhaus Got a Cool Reception on Wall Street
On the surface, premium home furnishings retailer Arhaus (NASDAQ: ARHS) had everything going for it as it made its debut on Wall Street early this month – strong profitable growth in the rapidly expanding furniture market. But investors weren’t necessarily buying it. It originally aimed for a $2.38 billion valuation with shares priced between $14 […]
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 […]
Tabletop: Setting the Table for Dining in New Luxury Style
New Unity Marketing snapshot reports are a research-based study of today’s affluent tabletop customer Our culture is food crazy, so why aren’t the brands and retailers that provide dinnerware, flatware and glassware prospering in today’s food-obsesses market? Food is all over the media, from two whole cable networks – the Cooking Channel and Food […]