Retail TouchPoints

NOVEMBER 6, 2023

Jonathan Johnson, CEO of the home furnishings retailer formerly known as Overstock.com , which operates as Bed Bath & Beyond , will step down from his post as well as the company’s board of directors, effective immediately. Beyond, Inc.

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Home Furnishings Finance Consumer ATS 278

Retail Wire

APRIL 10, 2023

The 15,000 jobs added by department stores in March were not enough to offset significant losses in other retail verticals, including appliances, consumer electronics, furniture and home furnishings, according to the Bureau of Labor Statistics. The retail industry lost 15,000 jobs in March.

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Inside Retail

JANUARY 17, 2023

Consumers spending on apparel rose by 6.7 per cent and home furnishings at 2.4 Despite inflationary pressures and rising living costs, retail spending increased 1.7 per cent in December, according to the Mastercard SpendingPulse report, released by the Australian Retailers Association. per cent, on groceries by 6.6

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Inside Retail

MAY 24, 2022

We’re still in the nascent stages in terms of home furnishing category,” Kavitha Rao, India’s chief commercial officer told Inside Retail. Food is an important part of Indian consumers’ lives,” said Kavitha Rao, India’s chief commercial officer. Once the consumers visit, they’re completely sold on to the idea of the concept.

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Home Furnishings Consumer Marketing Accounting 147

Retail Wire

AUGUST 30, 2023

The furniture retail industry, which experienced a boom during the pandemic, is now facing a decline in sales as consumers have spent most of their pandemic savings and faced increased credit card debt. Furniture retailers like Mitchell Gold + Bob Williams, Klaussner Home Furnishings, and United Furniture Industries have closed down.

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Inside Retail

JULY 24, 2023

The changes only occur on the business’s back end, with Target and Kmart remaining separate consumer-facing brands and store staff unaffected, Bailey was quoted by the Australian Financial Review (AFR) as saying. Kmart will continue to be price-driven and Target largely centred on affordable apparel and soft home furnishings, he added. “I

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Retail TouchPoints

MARCH 17, 2022

During the pandemic, the relationship between homeowners and their homes fundamentally changed, as lockdowns, social distancing guidance and quarantine protocols left many consumers with an abundance of time to stare at their own four walls. This makes them a great target audience for brands in the home improvement space.

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Home Furnishings Shipping Outdoor Consumer 306

Retail Wire

AUGUST 3, 2023

The rise in prices of essential goods has led consumers to reduce spending on discretionary items, including higher-margin home furnishing goods and personalized products sold on Etsy’s platform. The company’s consolidated gross merchandise.

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Retail TouchPoints

JUNE 29, 2023

Shoppers will have access to Overstock’s assortment of home furnishings as well as the kitchen, bedding and bath-related products that defined Bed Bath & Beyond’s offerings for three decades. Bed Bath & Beyond is an iconic consumer brand, well-known in the home retail marketplace. in the coming weeks.

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Retail TouchPoints

APRIL 20, 2023

that enables IKEA Family loyalty program members to purchase home solar solutions that can generate and store their own renewable energy. “We We are committed to continuing to grow in this market with our thousands of co-workers and millions of customers who look to Ikea for home furnishing inspiration and solutions at an affordable price.

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Planning Home Furnishings Fulfillment Location 275

Retail TouchPoints

DECEMBER 16, 2022

The decline occurred despite muted inflation of just 0.1% , according to the Bureau of Labor Statistics’ Consumer Price Index (CPI). decline, furniture and home furnishings stores reported a 2.6% Retail sales fell 0.6% in November 2022 compared to the previous month, though they were up 6.5% Department stores saw a 2.9%

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Returns Home Furnishings Department Stores Customer Experience 290

Mass Relators

FEBRUARY 23, 2024

NEW YORK — Consumers are still worried about rising prices, according to the latest data from Deloitte’s ongoing ConsumerSignals study. That’s important because a sense of personal financial well-being can impact how consumers approach everything from budgeting for big purchases to their grocery lists. a year ago. a year ago.

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Inside Retail

OCTOBER 17, 2021

And, potentially the biggest winner out of the entire lockdown-related shift in consumer spending, home furnishing, also saw strong growth at 245 per cent. Luggage sales were also up 830 per cent, with many Australians preparing for a potential return to international and domestic tourism.

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Home Furnishings Returns Consumer ATS 264

Inside Retail

OCTOBER 24, 2023

However, beauty brands and other companies in various retail sectors have been integrating AR technology into the consumer shopping experience since well before 2020. This allowed consumers to “try out” a piece of furniture and get a feel for whether or not it would work. In 2020, 83.1 million in the year prior.

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Shopping Home Furnishings Consumer Returns 245

365 Retail

MAY 8, 2024

The initiative is designed to give unwanted home furnishings, decorations, and more a new lease of life, responding to the increasing consumer demand for more sustainable and economically accessible shopping options.

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Promotions Shopping Home Furnishings Returns 57

Retail Gazette

JANUARY 2, 2024

The Cotswold Company’s sales jumped over the golden quarter as consumers refreshed their homes ahead of Christmas. The home furnishings retailer saw orders surge 13% to £16.4m in the nine weeks to December 31, up £1.8m on the same period last year and 64% on pre-Covid results.

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Home Furnishings Consumer Marketing ATS 110

Retail Gazette

FEBRUARY 14, 2024

for the half to 30 December to reach £123m for the home furnishings retailer as sales advanced 4.5% “Despite ongoing pressures on consumers, we are encouraged by the wide variety of new customers shopping with Dunelm, and existing shoppers also coming back more frequently.” Profit rose 4.8% The business saw a 4.2%

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Home Furnishings Shopping Consumer Marketing 111

Retail Times

DECEMBER 3, 2021

The West Sussex-based home furnishing retailer Swyft Home, known as a disruptor in its market, has secured a £1m invoice discounting facility from the alternative funder Growth Lending to support the company’s strong direct-to-consumer sales strategy and drive its business-to-business sales.

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Inside Retail

MARCH 5, 2024

Ikea have established themselves as an affordable and accessible homewares brand for Australian consumers but they are showing no signs of slowing down. IR : What are your expectations for consumer sentiment and spending in the year ahead?

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Retail TouchPoints

SEPTEMBER 17, 2020

While August retail sales numbers were a bit mixed, we believe the consumer is resilient and is in good shape as we head into the holiday season,” said Matthew Shay, President and CEO of NRF. unadjusted year-over-year; Furniture and home furnishings stores : Up 2.1% The NRF’s numbers were also up 8.5%

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Home Furnishings Sporting Goods Merchandise Store Accessories 259

Retail TouchPoints

APRIL 15, 2021

YoY; Furniture and home furnishings stores: Up 5.9% Although there have been some recent issues related to vaccines, consumer confidence remains high and an optimistic outlook for the future continues to grow. For instance, clothing and accessory store sales were up 18.3% month-over-month seasonally adjusted, and up 104.6%

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Home Furnishings Sporting Goods Merchandise Store Accessories 290

Retail TouchPoints

OCTOBER 15, 2020

Mitchell joins Macy’s from Boston Consulting Group (BCG), where he was a Managing Director and Partner in the Digital BCG and Consumer Practices division.

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Home Furnishings Finance Promotions Management 203

Mass Relators

AUGUST 17, 2022

WASHINGTON – Core retail sales as calculated by the National Retail Federation rose in July even as overall sales reported by the Census Bureau remained flat on a monthly basis, and both calculations showed strong year-over-year gains as consumers kept shopping despite high inflation, NRF said Wednesday. percent unadjusted year over year.

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Storis

JANUARY 22, 2024

So, buckle up, home furnishings retailers; we’re ready to accelerate. The State of the Home Furnishings Industry With abundant opportunity, let’s explore how market and consumer behavior position retailers for success. economy is driven by consumer spending and a thriving job market.

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Retail TouchPoints

DECEMBER 31, 2021

In combination with changes in worker attitudes and consumer behavior, these shifts have weakened the industry’s long-standing low-wage model. Kotlyar predicted that remote consultations with associates will expand beyond apparel into the electronics and home furnishings verticals.

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Home Furnishings Shipping Fulfillment Consumer 312

Retail TouchPoints

JANUARY 24, 2023

Economic headwinds are likely to blow harder when consumers’ savings from the pandemic dwindle, which a Charles Schwab analyst believes could happen by Q3. There is built-up excess savings — estimates vary in the $1.5 to $2 trillion range — and that has been fueling consumption.

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Home Furnishings Advertising Consumer Customer Experience 279

Retail TouchPoints

MARCH 28, 2023

Under lenient returns policies, retailers tend to be too quick to blame high returns on so-called “opportunistic renters” — consumers who buy with the intention of returning the item rather than keeping it. Devising a new returns policy, then, entails managing a series of trade-offs that vary from one business to the next.

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Retail TouchPoints

FEBRUARY 17, 2021

The jump in consumer spending after three consecutive months of declines is largely attributed to the $600 stimulus payments shoppers received as part of the $900 billion package passed by Congress in December 2020 to counteract the economic impact of the ongoing pandemic. increase from December 2020, according to the U.S. Census Bureau.

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Home Furnishings Returns Customer Experience Consumer 147

Retail TouchPoints

OCTOBER 27, 2022

Our consumers sit at the intersection of the physical and digital spaces, and by creating a footprint in Roblox and bridging those worlds we are creating a uniquely ‘phygital’ experience to drive community, brand love and our business.

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Inside Retail

MARCH 10, 2022

” A wave of global consumer brands, such as Nike, Levi Strauss & Co, and home furnishings firm Ikea, have said in recent days they would halt sales and investment in Russia. The company has more than 800 stores in China, about the same as in its home market of Japan.

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Home Furnishings Fast Fashion Fashion Marketing 130

Inside Retail

NOVEMBER 16, 2023

Through this rebranding, we’re breathing new life into Bed Bath & Beyond, positioning it as an asset-light, e-commerce retailer with an expanded home furnishings and furniture assortment. The second, is that Overstock continues to fall off the consumer radar and is not drawing in customers, even to browse, like it used to.

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Home Furnishings Management Returns Consumer 244

Mass Relators

MAY 9, 2024

Consumer spending continues to drive economic growth and retail sales increases, though we see some moderation in spending as consumers continually search for value,” National Retail Federation president and CEO Matthew Shay said. A shift in the timing of Easter appeared to be the reason for the year-over-year decline.

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Retail Focus

APRIL 22, 2021

The store launch of sleep technology and home furnishings brand Sleep.8, 8, complemented with interior pop-ups Libby Blakey Designs and Mews Furnishings highlights our responsive shops on demand leasing strategy.

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Home Furnishings Accessories Location Consumer 182

Inside Retail

MARCH 20, 2023

Earlier this year, Shopee released its annual consumer trends report with insights about the way online shopping behaviour has changed across its five key markets in Southeast Asia, namely Singapore, Malaysia, Indonesia, Vietnam and the Philippines. We have also noticed an increase in younger shoppers on our platform.

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Home Furnishings Payment Services Consumer Shopping 130

Retail Gazette

JANUARY 15, 2024

It is resonating with consumer demand for highly versatile clothing, delivering better quality at its price points than its competitors.” The home furnishings market looks like it had a very challenging Q4, and we would not be surprised if Wayfair decided to cut its losses and leave the UK in 2024.”

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Home Furnishings Beauty and Health Finance Returns 114

Mass Relators

APRIL 12, 2024

“As inflation for goods levels off, March’s data demonstrates steady spending by value-focused consumers who continue to benefit from a strong labor market and real wage gains,” NRF President and CEO Matthew Shay said. “In Clothing and accessories stores were down 0.01% month over month and up 2.13% year over year unadjusted.

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Sporting Goods Home Furnishings ATS Merchandise Store 52

Retail TouchPoints

MAY 13, 2021

Overall, online physical goods GMV grew 21% YoY in fiscal year 2021, driven primarily by the FMCG [ fast moving consumer goods ] and home furnishings categories. The company also pointed to increasing engagement among existing consumers as a growth driver. billion ) in fiscal year 2021.

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