With ongoing financial challenges constraining shoppers’ purchasing power, furniture companies’ recent earnings reports show that consumers may not be willing to buy, say, a new couch if they are not getting it at a bargain. Hooker Furnishings, for example, shared on a call with analysts...
With mega-retailers Amazon and Walmart competing to secure consumers’ loyalty for high-ticket purchases such as furniture, the eCommerce giant is pulling further ahead by the quarter. This trend can be seen in the latest data from the PYMNTS Intelligence “Whole Paycheck Report” series, which estimates...
Retail sales keep on chugging along. To that end, the data released Tuesday (Aug. 15) by the Commerce Department showed that consumer spending, overall, remained strong against a backdrop where inflation’s growth rate slowed. Overall, retail sales were up 0.7% in July vs. June, better...
Overstock.com has put in a $21.5 million bid for some of Bed Bath & Beyond’s assets, including its intellectual property, business internet, and mobile properties, and all business data, CNBC reported Tuesday (June 13). This comes after the bankrupt retailer sought Chapter 11 protection in...
March 15, 2024
With mega-retailers Amazon and Walmart competing to secure consumers’ loyalty for high-ticket purchases such as furniture, the eCommerce giant is pulling further ahead by the quarter. This trend can be seen in the latest data from the PYMNTS Intelligence “Whole Paycheck Report” series, which estimates each of the two retailers’ market share in various categories […]
August 15, 2023
Retail sales keep on chugging along. To that end, the data released Tuesday (Aug. 15) by the Commerce Department showed that consumer spending, overall, remained strong against a backdrop where...
April 30, 2020
Retailing, like everything else in the business world, is falling into pre- and post-pandemic reference points. Many retail technologies have benefitted from that schism, among them augmented reality. Before the...
November 08, 2019
This a story about how a dubious, painful achievement — and we use “achievement” cautiously here — became a business plan, and one of the newer entries into the expanding...
June 04, 2024
On-demand junk removal company LoadUp has launched a division dedicated to helping eCommerce furniture retailers generate additional revenue from each customer interaction, including in traditional areas of loss in return logistics. Like LoadUp itself, the company’s new Refurn division leverages technology to help it accomplish its mission, LoadUp said in a Tuesday (June 4) press […]
June 13, 2023
Overstock.com has put in a $21.5 million bid for some of Bed Bath & Beyond’s assets, including its intellectual property, business internet, and mobile properties, and all business data, CNBC...
December 21, 2022
Nigerian online furniture store Taeillo now has $2.5 million in funding raised to ramp up production. The Lagos-based investment company Aruwa Capital Management, a female-founded and led impact investor, provided...
December 09, 2022
In a declining market for home furnishings, RH is targeting upscale buyers. RH Chairman and CEO Gary Friedman said Thursday (Dec. 8) during a quarterly earnings call that the luxury lifestyle retailer continues to...
