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Wayfair Announces Second Quarter 2024 Results, Reports Best Quarter of Profitability and Cash Flow in Three Years
Aug.13,2024
BOSTON, Aug. 1, 2024 /PRNewswire/ -- Wayfair Inc. ("Wayfair," "we," or "our") (NYSE: W), one of the world's largest destinations for the home, today reported financial results for its second quarter ended June 30, 2024.Read More + -
Texas-based furnishings giant Conn’s files for bankruptcy
Aug.13,2024
Anyone surprised by the news this week that Conn’s HomePlus filed for Chapter 11 bankruptcy just wasn’t paying attention. The Woodlands, Texas–based electronics and home furnishings chain listed liabilities ranging from $1 to $10 billion to tens of thousands of creditors—and many in the industry had been murmuring about its problems for some time.Read More + -
Realistic expectations, strategy innovation, line expansions define 2024 summer market
Aug.09,2024
LAS VEGAS — Depending on the source, the consumer’s wait-and-see attitude toward home furnishings is attributed to many things this year, and the holding pattern on big spends continues to impact retail.Read More + -
The numbers are in, and home retailers are still hurting
Aug.09,2024
The return of better days for the home furnishings retail business will be delayed. Again. After another quarter of lackluster results from the national chains, it’s clear that a return to good times is going to have to wait at least another results report.Read More + -
Accessible design is in demand. Is the home industry ready?
Aug.09,2024
This week, Pottery Barn released a series of new collections that appear nearly identical to its existing Sausalito, Farmhouse and Cayman lines. Closer inspection reveals subtle differences: a dresser with a raised edge that runs along the top, a bed with a built-in bench at the end, a side table equipped with power outlets. For some, these changes offer a functional boost to everyday life—but for consumers with disabilities, they can make a world of difference.Read More + -
Big Lots may close up to 315 stores
Aug.06,2024
The retailer requires “significant changes to the business model to continue as a going concern,” analysts said.Read More + -
Resource Furniture expands in Los Angeles, Visual Comfort opens three new stores, and more
Aug.01,2024
From store debuts to new flagships, the showroom industry is as hot as the summer heat. BOH has gathered all the showroom news to have on your radar this month.Read More + -
Wayfair’s first store is finally here. What’s it like?
Jul.31,2024
Next week the home furnishings e-commerce giant will open its first large-scale store, a 150,000-square-foot retail palace in the Chicagoland market. Its success (or failure) will be a critical signal for the company, which has struggled to obtain profitability with a largely digital strategy. This project has been in the making for some time, having been first announced three years ago with an originally planned launch date of spring 2023.Read More + -
TikTok Shop spend jumps during Deals for You Days
Jul.26,2024
U.S. shoppers spent $52 each during the social platform’s July sale, a historic high and a break from recent declines, according to Earnest Analytics.Read More + -
5 trends shaping the future of retailer-supplier partnerships
Jul.26,2024
Collaboration between retailers and suppliers isn’t new, but it’s taken on a new sense of urgency. After facing numerous supply chain challenges and disruptions in recent years, retailers are doubling down on supplier partnerships. Discover 5 practical strategies retailers are implementing to strengthen their supplier relationships and drive mutual success.Read More +
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