April 2019 Issue
No, I am not trying to start an argument with my grandchildren, but just trying to understand the lack of commitment in today’s marketplace and specifically the furniture market at retail.
The buzz that occurred with the acquisition of Bob’s Discount by Bain Capital in 2013 and a similar action of Thomas H. Lee Partners of the power house Art Van Furniture in early 2017, followed by the acquisition of Levin and Wolf was thought to signal a significant watershed moment in what was a family dominated industry.
A snapshot of top-spending furniture consumers looks to be high-earning married couples, in their late 30s and early 40s with young children, living in urban areas.
By the very nature of our magazine, every issue we publish contains information and ideas to help the reader win more battles for the potential customers in their marketplace.
The industry knows that in the age of open floor plans formal dining rooms have become a thing of the past with consumers opting for more open, functional spaces designed for flexibility.
In 1999, as the home furnishings industry was starting to feel the growing pains of globalization, Kevin O'Connor, along with Richard Mihalik and Jerry Sagerdahl, launched Legacy Classic, which would become the fastest-growing casegoods startup in furniture industry history.
Published 12 times a year, Home Furnishings Business (HFB) is the only furniture industry trade publication dedicated to covering the business of furniture retail today. Home Furnishings Business is available in print or digital format and offers valuable strategies and intelligence for retailers who want to conduct a successful business today and tomorrow.