News
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).
Market
Vegas 2020 - Strong Foot Traffic, High Customer Acquisition, and Double-digit Growth.
The 2020 Winter Market lived up to the hype. Most hallways were full of buyers and industry players, with exhibitors happily showing updated product lines in busy showrooms.
Vegas 2020 - Strong Foot Traffic, High Customer Acquisition, and Double-digit Growth.
The 2020 Winter Market lived up to the hype. Most hallways were full of buyers and industry players, with exhibitors happily showing updated product lines in busy showrooms.
Market
What a market! BDNY 2019
We continue to see supply chains shift − to Vietnam, the Philippines, and Indonesia – and the capacity constraint repercussions. There is also significant interest toward North American manufacturing.
What a market! BDNY 2019
We continue to see supply chains shift − to Vietnam, the Philippines, and Indonesia – and the capacity constraint repercussions. There is also significant interest toward North American manufacturing.
Market
High Point October 2019 Update
The High Point Market is the Super Bowl for the residential furniture industry. Historically, over 75,000+ people come to town twice a year to visit the 2,200 exhibitors that display their goods in over 12 million square feet of showroom space spread out over 150 buildings.
High Point October 2019 Update
The High Point Market is the Super Bowl for the residential furniture industry. Historically, over 75,000+ people come to town twice a year to visit the 2,200 exhibitors that display their goods in over 12 million square feet of showroom space spread out over 150 buildings.
Market
Pre-High Point M&A Update
There are strong strategic buyers interested in growth and diversification of products and manufacturing capabilities. Private equity companies are investing in the space, indicating that there is additional investment to follow.
Pre-High Point M&A Update
There are strong strategic buyers interested in growth and diversification of products and manufacturing capabilities. Private equity companies are investing in the space, indicating that there is additional investment to follow.
Deal Announcements
Fellowes Brands Acquires Trendway Corporation
The Stump team is proud to have exclusively represented the selling shareholders in the August 13, 2019 acquisition of Trendway Corporation to Fellowes Brands, a global leader in business products since 1917.
Fellowes Brands Acquires Trendway Corporation
The Stump team is proud to have exclusively represented the selling shareholders in the August 13, 2019 acquisition of Trendway Corporation to Fellowes Brands, a global leader in business products since 1917.
Market
HD Vegas Hospitality Show Update
With technology becoming more and more ubiquitous and iPhones, iPads, Air Pods, and laptop computers continuing to need power and serve as drivers of activity in common areas, we are seeing a new trend of embedded chargers and speakers in upholstery making the rounds in hospitality, commercial and residential settings.
HD Vegas Hospitality Show Update
With technology becoming more and more ubiquitous and iPhones, iPads, Air Pods, and laptop computers continuing to need power and serve as drivers of activity in common areas, we are seeing a new trend of embedded chargers and speakers in upholstery making the rounds in hospitality, commercial and residential settings.
Market
Spring High Point Market - April 2019
The general sentiment was that the furniture industry is in transition and management teams need constant vigilance and a willingness to adapt to succeed in this rapidly changing environment.
Spring High Point Market - April 2019
The general sentiment was that the furniture industry is in transition and management teams need constant vigilance and a willingness to adapt to succeed in this rapidly changing environment.
Market
Starting the Year Strong – The Winter Market Lineup
ur team kicked off 2019 with a flurry of travel. January’s tradeshow gauntlet was in full force with back to back shows for three consecutive weeks. The Vegas market this week was the highlight.
Starting the Year Strong – The Winter Market Lineup
ur team kicked off 2019 with a flurry of travel. January’s tradeshow gauntlet was in full force with back to back shows for three consecutive weeks. The Vegas market this week was the highlight.
Company News
2018 Furniture Industry Reviewed - 2019: A look ahead
The global furniture industry remains strong and has exhibited a multi-year growth trend. Consumer confidence, availability of disposable income for discretionary furniture purchases, and a generally strong stock market continue to drive positive industry performance.
2018 Furniture Industry Reviewed - 2019: A look ahead
The global furniture industry remains strong and has exhibited a multi-year growth trend. Consumer confidence, availability of disposable income for discretionary furniture purchases, and a generally strong stock market continue to drive positive industry performance.
Market
BDNY Nov 2018 - An Energetic November Market
The merger & acquisition market continues to be strong. In our opinion, it is the best environment since the late 1990s with high buyer interest and an abundance of sellers.
BDNY Nov 2018 - An Energetic November Market
The merger & acquisition market continues to be strong. In our opinion, it is the best environment since the late 1990s with high buyer interest and an abundance of sellers.
Market
Fall High Point Market 2018 - Winds Of Change
Our industry continues to grow rapidly in this channel and most companies are exploring how best to participate.
Fall High Point Market 2018 - Winds Of Change
Our industry continues to grow rapidly in this channel and most companies are exploring how best to participate.
Company News
China Update
by Tim Stump
Our 8-day trip to southern China and Hong Kong was very eye opening. We witnessed this powerful country’s strong infrastructure moves, continuing construction of massive factories and skyscrapers, and hordes of people at every turn.
China Update
Our 8-day trip to southern China and Hong Kong was very eye opening. We witnessed this powerful country’s strong infrastructure moves, continuing construction of massive factories and skyscrapers, and hordes of people at every turn.
Market
Pregaming the Chicago Office Show: NEOCON
The environment heading into Neocon is upbeat—with stock prices high, the general economic environment strong and the M&A industry hot.
Pregaming the Chicago Office Show: NEOCON
The environment heading into Neocon is upbeat—with stock prices high, the general economic environment strong and the M&A industry hot.
Market
Spring HD Vegas Furniture Market
Stump & Company has had a very strong 12 months with four transactions closed in the Hospitality Sector in 2017 and 2018. We look forward to several other announcements in the coming months.
Spring HD Vegas Furniture Market
Stump & Company has had a very strong 12 months with four transactions closed in the Hospitality Sector in 2017 and 2018. We look forward to several other announcements in the coming months.
Market
Spring High Point Market - April 2018
This was one of the best markets in years, a sentiment shared by most people we encountered during our 6 days in High Point.
Spring High Point Market - April 2018
This was one of the best markets in years, a sentiment shared by most people we encountered during our 6 days in High Point.
Market
Winter Las Vegas Market - Jan. 2018
The Las Vegas market was busy and upbeat – the halls felt packed and energetic. There were even rumors that this market set attendance records!
Winter Las Vegas Market - Jan. 2018
The Las Vegas market was busy and upbeat – the halls felt packed and energetic. There were even rumors that this market set attendance records!