PYMNTS-MonitorEdge-May-2024

home goods

Report: Big Lots Seeking Investors and Considering Bankruptcy
Report: Big Lots Seeking Investors and Considering Bankruptcy
August 28, 2024  |  Retail

Big Lots is reportedly considering bankruptcy amid continued declines in sales. The off-price home goods retailer received a loan earlier this year to help it navigate...

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Wayfair: Home Furnishings Sales Slow to 2008 Crisis Levels
Wayfair: Home Furnishings Sales Slow to 2008 Crisis Levels
August 01, 2024  |  Earnings

Wayfair saw its quarterly sales dip amid continued pressure on home goods consumers. “Customers remain cautious in their spending on the home, and our credit card...

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Wayfair Goes Click-and-Mortar™ as Furniture Shoppers Seek Physical Touchpoints
Wayfair Goes Click-and-Mortar™ as Furniture Shoppers Seek Physical Touchpoints
May 24, 2024  |  Retail

Wayfair is going all-in on brick-and-mortar as furniture shoppers prove hesitant to fully embrace eCommerce. The home goods online marketplace announced Thursday (May 23) the...

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Report: Shein or Temu Could Benefit From Merger With Wayfair
Report: Shein or Temu Could Benefit From Merger With Wayfair
December 29, 2023  |  Retail

Shein or Temu reportedly could be potential merger partners for Wayfair. Either of the two Chinese-founded eCommerce companies could be a good fit for a...

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Overstock.com Wins Auction for Bed Bath and Beyond Digital and Other Assets
Overstock.com Wins Auction for Bed Bath and Beyond Digital and Other Assets
June 22, 2023  |  Retail

Bankrupt Bed Bath and Beyond Inc. is expected to sell its intellectual property and some of its digital assets to online retailer Overstock.com Inc. for...

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Bed Bath & Beyond Bankruptcy Blamed on Private Label Strategy
Bed Bath & Beyond Bankruptcy Blamed on Private Label Strategy
April 23, 2023  |  Retail

Bed Bath & Beyond has declared bankruptcy months after warning about its future. The downfall of the 52-year-old home goods seller came about Sunday (April...

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RH Expands Upscale Brand as Demand for Home Furnishings Tumbles
RH Expands Upscale Brand as Demand for Home Furnishings Tumbles
March 30, 2023  |  Retail

The market for home furnishings is “likely getting worse before it gets better.” So said RH Chairman and CEO Gary Friedman Wednesday (March 29) during the luxury home furnishings...

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Overstock CEO: We’re Winning Share From Wayfair and Bed Bath & Beyond
Overstock CEO: We’re Winning Share From Wayfair and Bed Bath & Beyond
February 27, 2023  |  Retail

“2022 is a year I’m glad to have in the rear-view mirror. It’s not one we’ll forget, nor do we want to repeat it,” Overstock...

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TJX Sees Softer Sales of Home Goods After ‘Extraordinary Growth’
TJX Sees Softer Sales of Home Goods After ‘Extraordinary Growth’
February 22, 2023  |  Retail

The TJX Companies saw softer sales at its home businesses after two years of “extraordinary growth.” For full-year fiscal 2023, comparable store sales at the...

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