Here are 3 housing trends that will influence the home furnishings industry in 2023
[ad_1] SCARSDALE, NY — Bungalow floorplans, retrofitted spaces and calming hues are just three of the trends that will influence consumer purchases in 2023, according to the annual trends report from The Plan Collection, an online resource for hundreds of housing plans. According to company officials, Millennial preferences, inflation and social media sharable spaces will […]
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International Furnishings and Design Assn. presents Luminary, Rising Star awards
[ad_1] Steve Pond, left, and Bill McLoughlin accept the Luminary Award bestowed on Furniture Today by the Carolinas Chapter of the International Furnishings and Design Assn. HIGH POINT — Furniture Today, a leading publication for the home furnishings industry, was named the recipient of the 2022 IFDA Luminary Award at the Night of Luminaries and […]
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All in the family: Mark, Jason and Jessica Phillips on what works and what doesn’t in the home furnishings business
[ad_1] HIGH POINT — The Phillips Collection showroom features arguably one of the most distinctive product selections at market with a mix of furniture and décor bound by an eclectic signature aesthetic, curated by a family leadership team that includes Mark and Julie Phillips as well as their children, Jason and Jessica. At the conclusion […]
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Home furnishings recession is over, says expert
[ad_1] “The recession is over for the home furnishings industry, we are not going back to as bad as it was in the second quarter, it will get better and better.” This is the message given to High Point marketgoers yesterday by Jerry Epperson, founder and managing editor of Mann, Armistead & Epperson, Ltd., an […]
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Retailer orders hit astonishing record low, with home furnishings at “elevated risk”
[ad_1] New York – The volume of retail orders has fallen to a sobering pace as major retailers continue to unload excess inventory. The chasm between inventory levels and sales growth is running at 19%, according to the most recent Morgan Stanley Shipper Survey. Net ordering levels have fallen to the lowest point in the […]
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Learn the latest home buyer behaviors that could impact home furnishings sales
[ad_1] HIGH POINT — In its 2022 profile of home buyers and sellers, the National Assn. of Realtors reported several key statistics that could impact the home furnishings retail category in 2023 and beyond. Notable insights from the 4,854 primary residence buyer respondents in the annual report include a lower number of first-time homebuyers compared […]
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Three key takeaways from Hooker Furnishings’ Q3 earnings report
[ad_1] MARTINSVILLE, Va. — Hooker Furnishings had a strong third quarter, reporting $151.6 million in sales, a 13.6% increase over the same period last year. The company reported optimism in its recent earnings report, with many pandemic-related issues easing. Here are three takeaways: 1. The supply chain is stabilizing “Global supply chain dynamics are stabilizing,” […]
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