News
Market
The Chicago Office Show: NEOCON, June 2019
Neocon was upbeat and well attended again this year. Our discussions with clients and prospects during our 48 hours in Chicago confirm that most are doing well in this up-cycle, despite the headwinds of Chinese tariffs and the unavailability of labor.
The Chicago Office Show: NEOCON, June 2019
Neocon was upbeat and well attended again this year. Our discussions with clients and prospects during our 48 hours in Chicago confirm that most are doing well in this up-cycle, despite the headwinds of Chinese tariffs and the unavailability of labor.
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.
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
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
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
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
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
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
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.
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
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.
Market
Vegas Markets Recap
The Stump team traveled to Las Vegas this week to attend the back-to-back residential market and the hospitality show.
Vegas Markets Recap
The Stump team traveled to Las Vegas this week to attend the back-to-back residential market and the hospitality show.
Market
Neocon & Casual Show Recap
The Stump team attended both the September 20-23 Casual show and the October 4-6 Neocon show in Chicago's famed Merchandise Mart. After a long, COVID-induced pause, we found both to be upbeat despite mixed traffic.
Neocon & Casual Show Recap
The Stump team attended both the September 20-23 Casual show and the October 4-6 Neocon show in Chicago's famed Merchandise Mart. After a long, COVID-induced pause, we found both to be upbeat despite mixed traffic.
Market
High Point Furniture Market - October 2014
Stump & Company had a terrific and upbeat six days walking through the International Home Furnishings Market complex, and seeing much of the 12 million square feet of exhibition space spread over 180 buildings, hosting over 2,000 companies and more than 75,000 attendees.
High Point Furniture Market - October 2014
Stump & Company had a terrific and upbeat six days walking through the International Home Furnishings Market complex, and seeing much of the 12 million square feet of exhibition space spread over 180 buildings, hosting over 2,000 companies and more than 75,000 attendees.
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
Vegas Market Recap Jan 2022
The Stump team attended the semiannual Furniture Market at the Las Vegas World Market Center this week and was pleasantly surprised by the attendance and upbeat attitudes.
Vegas Market Recap Jan 2022
The Stump team attended the semiannual Furniture Market at the Las Vegas World Market Center this week and was pleasantly surprised by the attendance and upbeat attitudes.
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
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
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
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
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
Hooker Furnishings Enters Outdoor Category With Acquisition of Sunset West
We are pleased to announce the sale of Sunset West, LLC. to Hooker Furnishings Corporation. Stump initiated this transaction and exclusively represented the selling shareholders.
Hooker Furnishings Enters Outdoor Category With Acquisition of Sunset West
We are pleased to announce the sale of Sunset West, LLC. to Hooker Furnishings Corporation. Stump initiated this transaction and exclusively represented the selling shareholders.
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
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.