Stump Market Minute: The Rise of eCommerce

This is an exciting time in the market cycle to be entering the High Point Furniture Market. The M&A market is wide open and transactions are happening across our Industry. Prospective Buyers are looking for growth, profitability, and strong management teams. If you need help getting there, we are happy to help. Now may be the time for you to sell!

The High Point Market continues to be a “can’t miss” show for residential furnishings. This year was no exception, and exhibitors felt that traffic was good and order writing was consistent with prior years. Positivity prevailed and exhibitors and attendees alike were upbeat in this economic climate, despite the noise and confusion of state and national politics.

The Stump team enjoyed two beautiful summer days in Chicago for the annual commercial/contract furnishings exhibition, NeoCon, and the new Design Days show.

Optimism at the market was palpable. Most owners mentioned looking 1-2-3 years down the road and seeing encouraging signs for increased sales growth and shareholder value creation. With these good feelings comes renewed chatter in the Merger & Acquisition market. Many Private Equity firms want out of existing positions, while plenty of others want in. Some will want to add to existing portfolios to bolster their holdings. Strategic acquisitions are likewise heating up.