Your Source for Home Furnishings Retail News
The seven-store retailer has been communicating with customers all along the way, but this week it went one step further — apologizing for the delays but also thanking customers for their patience with a box of gifts they can enjoy while they wait.
Furniture retailers saw increasing business in the third quarter over the second and expect the sales surge to continue with more than a 15% increase projected for the fourth quarter, according to the latest survey by investment banking firm Piper Sandler in partnership with the Home Furnishings Assn.
Havertys’ third-quarter sales rose 3.9% as demand following pandemic-induced store closures continues to outpace supply
Strong demand favors strongest retail partners and other takeaways from the record event
U.S. furniture and home furnishings sales in August were up 3.8% from the same month last year and up 2.1% from July as the home furnishings industry continued its sharp rebound from pandemic lows.
Stump & Co.’s Stuart Stump Mullens considers the drivers of the summer rebound and how well-positioned the industry is to continue on the upward path.
