News
Market
Let’s go to the Market(s)!
Many exhibitors indicated they are enjoying a more regular High Point presence with their customers, via the First Tuesday initiative and other private meetings at the showrooms.
Let’s go to the Market(s)!
Many exhibitors indicated they are enjoying a more regular High Point presence with their customers, via the First Tuesday initiative and other private meetings at the showrooms.
Company News
Q1 2021 Update
The Stump team had a strong Q1 performance as the home furnishing industry continued its own impressive growth trends.
Q1 2021 Update
The Stump team had a strong Q1 performance as the home furnishing industry continued its own impressive growth trends.
Articles & Publications
A Furniture History Lesson
by Tim Stump
Our most recent transaction, the sale of Braxton Culler, Inc., is a classic win-win Stump deal, with clear synergies for the buyer and a terrific steward for Braxton’s compelling legacy.
A Furniture History Lesson
Our most recent transaction, the sale of Braxton Culler, Inc., is a classic win-win Stump deal, with clear synergies for the buyer and a terrific steward for Braxton’s compelling legacy.
Deal Announcements
Braxton Culler, Inc. is acquired by Classic Home, Inc.
Classic Home, Inc. has acquired 100% of Braxton Culler, Inc with Stump serving as exclusive financial advisor to Braxton Culler.
Braxton Culler, Inc. is acquired by Classic Home, Inc.
Classic Home, Inc. has acquired 100% of Braxton Culler, Inc with Stump serving as exclusive financial advisor to Braxton Culler.
Deal Announcements
Furniture Today: Classic Home acquires Braxton Culler
Charlotte, N.C.-based Stump & Company, a boutique investment bank to the furniture industry, served as the exclusive advisor to Braxton Culler Inc. and its selling shareholders.
Furniture Today: Classic Home acquires Braxton Culler
Charlotte, N.C.-based Stump & Company, a boutique investment bank to the furniture industry, served as the exclusive advisor to Braxton Culler Inc. and its selling shareholders.
Articles & Publications
The E-Commerce Revolution
by Stuart Stump Mullens
COVID-19 has perhaps accelerated the adoption of online consumer purchasing by 10 years. The massive growth rates in 2020 of some of the largest e-commerce platforms selling furniture are staggering
The E-Commerce Revolution
COVID-19 has perhaps accelerated the adoption of online consumer purchasing by 10 years. The massive growth rates in 2020 of some of the largest e-commerce platforms selling furniture are staggering
Articles & Publications
Profile: The Stump Companies
Nearly 50 years ago Charlotte businessman Ralph Stump founded The Stump Companies with a clear mission to provide owners of the furniture industries with real estate transactions and trusted, smart and confidential financial leadership overseeing mergers and acquisitions.
Profile: The Stump Companies
Nearly 50 years ago Charlotte businessman Ralph Stump founded The Stump Companies with a clear mission to provide owners of the furniture industries with real estate transactions and trusted, smart and confidential financial leadership overseeing mergers and acquisitions.
Articles & Publications
Confronted with supply chain pressures
by Bo Stump
“Never let a good crisis go to waste” is a famous quote often attributed to Rahm Emmanuel, but in reality it was first said by Winston Churchill (and we assume by many other less-famous individuals in the past).
Confronted with supply chain pressures
“Never let a good crisis go to waste” is a famous quote often attributed to Rahm Emmanuel, but in reality it was first said by Winston Churchill (and we assume by many other less-famous individuals in the past).
Articles & Publications
Blog: 2021 – change, scale & opportunity
by Bo Stump
Ashley’s recently announced $1 billion capital investment over 18 months is a blockbuster that all of us in the furniture industry should take notice of. It is clear evidence of the need to remain agile, constantly improve and anticipate the numerous seismic changes coming around the next corner.
Blog: 2021 – change, scale & opportunity
Ashley’s recently announced $1 billion capital investment over 18 months is a blockbuster that all of us in the furniture industry should take notice of. It is clear evidence of the need to remain agile, constantly improve and anticipate the numerous seismic changes coming around the next corner.
Articles & Publications
2021 is Expected to be a Boom Year for Mergers and Acquisitions
2020 will go down in history as an epic year of frustration, disappointment, hardship and much more. In the business world, however, we have seen an amazing stock market rally, encouraging data on a quick macro-economic recovery and positive signs for a stronger 2021.
2021 is Expected to be a Boom Year for Mergers and Acquisitions
2020 will go down in history as an epic year of frustration, disappointment, hardship and much more. In the business world, however, we have seen an amazing stock market rally, encouraging data on a quick macro-economic recovery and positive signs for a stronger 2021.
Articles & Publications
An Outlook on the Furniture Industry
by Bo Stump
The furniture industry, like many others, has experienced rapid changes this year. Most notably: Consumption Patterns. The existential COVID-19 mandate to work (or for many, live) at home all day, every day, has been a boon to home and home office furnishings suppliers, as many consumers realized they needed a better home office, while others took the opportunity to upgrade dining and living areas.
An Outlook on the Furniture Industry
The furniture industry, like many others, has experienced rapid changes this year. Most notably: Consumption Patterns. The existential COVID-19 mandate to work (or for many, live) at home all day, every day, has been a boon to home and home office furnishings suppliers, as many consumers realized they needed a better home office, while others took the opportunity to upgrade dining and living areas.
Articles & Publications
Reflections on 2020 and a look forward to 2021
by Bo Stump
On February 24th we attended Billy Joel’s monthly concert in NYC’s Madison Square Garden and never considered that COVID could become an issue here, despite it beginning to circle the globe. By mid-March the US was shut down, the stock market was plummeting, and unemployment was skyrocketing.
Reflections on 2020 and a look forward to 2021
On February 24th we attended Billy Joel’s monthly concert in NYC’s Madison Square Garden and never considered that COVID could become an issue here, despite it beginning to circle the globe. By mid-March the US was shut down, the stock market was plummeting, and unemployment was skyrocketing.
Deal Announcements
Vaughan Benz is acquired by Mandy Li Collection
Stump & Company (“Stump”) is pleased to announce that it served as the exclusive financial advisor to Vaughan Benz® in its recently completed acquisition by Mandy Li Collection®, which closed on Friday November 13th. Longtime friends of both high-end hospitality players, the Stump team was thrilled to bring these two parties together.
Vaughan Benz is acquired by Mandy Li Collection
Stump & Company (“Stump”) is pleased to announce that it served as the exclusive financial advisor to Vaughan Benz® in its recently completed acquisition by Mandy Li Collection®, which closed on Friday November 13th. Longtime friends of both high-end hospitality players, the Stump team was thrilled to bring these two parties together.
Deal Announcements
Urban Hardwoods, LLC is acquired by Urban Lumber Company Inc.
Stump & Company (“Stump”) is pleased to announce that it served as the exclusive financial advisor to Urban Hardwoods, LLC (“Urban Hardwoods” or the “Company”) in its recently completed acquisition by Urban Lumber Company Inc. (“Urban Lumber”).
Urban Hardwoods, LLC is acquired by Urban Lumber Company Inc.
Stump & Company (“Stump”) is pleased to announce that it served as the exclusive financial advisor to Urban Hardwoods, LLC (“Urban Hardwoods” or the “Company”) in its recently completed acquisition by Urban Lumber Company Inc. (“Urban Lumber”).
Market
October 2020 Market Update
The Stump team spent an uncharacteristically brief 24-hours in High Point last week at the Fall Market. With extra working days added for exhibitors, partially closed/“appointment-only” showroom policies, and ever-present COVID precautions we did not roam the halls nor shake hands as normal.
October 2020 Market Update
The Stump team spent an uncharacteristically brief 24-hours in High Point last week at the Fall Market. With extra working days added for exhibitors, partially closed/“appointment-only” showroom policies, and ever-present COVID precautions we did not roam the halls nor shake hands as normal.
Market
September 2020 PreMarket
Masked and temperature checked (and with hand-sanitizer in pockets), our team spent two very upbeat days in High Point for PreMarket. Furniture Today called it the “mother of all PreMarkets” - we agree.
September 2020 PreMarket
Masked and temperature checked (and with hand-sanitizer in pockets), our team spent two very upbeat days in High Point for PreMarket. Furniture Today called it the “mother of all PreMarkets” - we agree.
Articles & Publications
Four factors feeding record furniture sales
by Stuart Stump Mullens
In their latest earnings reports, many home furnishing retailers are reporting record-breaking quarters. This is a historical anomaly for the industry — to be leading the charge out of a recession (though a welcome one).
We see four primary influences driving these results, some that should continue as tailwinds to the industry and others that are helpful in the moment but will likely abate with time
Four factors feeding record furniture sales
In their latest earnings reports, many home furnishing retailers are reporting record-breaking quarters. This is a historical anomaly for the industry — to be leading the charge out of a recession (though a welcome one).
We see four primary influences driving these results, some that should continue as tailwinds to the industry and others that are helpful in the moment but will likely abate with time
Articles & Publications
An Outlook on the Furniture Industry
by Bo Stump
2020 has proven to be the most challenging and perplexing year of the new century. A global pandemic went from 0 to 6 million cases in a matter of months, with hundreds of thousands of casualties. The crisis sparked rapid job layoffs, business closures, plummeting GDP numbers, and a collapse in equity markets.
An Outlook on the Furniture Industry
2020 has proven to be the most challenging and perplexing year of the new century. A global pandemic went from 0 to 6 million cases in a matter of months, with hundreds of thousands of casualties. The crisis sparked rapid job layoffs, business closures, plummeting GDP numbers, and a collapse in equity markets.
Company News
July 2020 Newsletter
We are now entering Month 6 of the COVID crisis; while no immediate solution appears imminent at the time of this writing, we remain optimistic a vaccine and/or effective treatment will arise in the coming months and help us beat back the virus.
July 2020 Newsletter
We are now entering Month 6 of the COVID crisis; while no immediate solution appears imminent at the time of this writing, we remain optimistic a vaccine and/or effective treatment will arise in the coming months and help us beat back the virus.
Company News
Stuart Stump Mullens named in 40 under 40
Home Furnishings Business includes Stuart Stump Mullens, 31, in their Forty Under 40 list.
Stuart Stump Mullens named in 40 under 40
Home Furnishings Business includes Stuart Stump Mullens, 31, in their Forty Under 40 list.
Market
Spring 2020 Market Update
This has been a strange springtime for the world and the furniture industry.
Spring 2020 Market Update
This has been a strange springtime for the world and the furniture industry.
Market
Stump Market Minute: The Rise of eCommerce
Stuart Stump Mullens shares analysis and insight into the rise of eCommerce in the Home Furnishings industry.
Stump Market Minute: The Rise of eCommerce
Stuart Stump Mullens shares analysis and insight into the rise of eCommerce in the Home Furnishings industry.
Market
Stump Market Minute: April 28, 2020
Today would be the last day of the Spring High Point Market, so we wanted to update everyone on the major themes we are hearing from our clients and friends, based on numerous calls over the last few weeks.
Stump Market Minute: April 28, 2020
Today would be the last day of the Spring High Point Market, so we wanted to update everyone on the major themes we are hearing from our clients and friends, based on numerous calls over the last few weeks.
Market
April 2020 Update
Our E-Commerce clients and friends seem to be faring well, even thriving, through this time (some have reported as much as 25%+ growth over Q1 2019).
April 2020 Update
Our E-Commerce clients and friends seem to be faring well, even thriving, through this time (some have reported as much as 25%+ growth over Q1 2019).