As the furniture industry reels from a dramatic drop in consumer demand, Lovesac overcame market headwinds to report 7.5% growth in revenue in fiscal year 2024, reaching $700 million from $651 million the previous year. Lovesac’s advance is remarkable, given that furniture retail revenues dropped 5.7% in 2023 to $75.2 billion from an historic high of $80 billion in 2022. And the home furnishings retail sector continued to slide in the first quarter 2024 from previous year, according to CNBC/NRF retail monitor. Lovesac’s topline performance is even more remarkable when set against its competiti ..read more

AI Dream, a branded sleep solution provider and one of the largest companies in the global premium mattress market, has acquired King Koil, a leading U.S. manufacturer of premium mattresses, from KPS Berhad, a Malaysia-based investment holding company. The transaction will accelerate the U.S. domestic growth of King Koil while providing AI Dream expansion opportunities in new markets outside of Asia. All of King Koil’s current management team will remain with the company and the company will retain its name. Formed in 2018 and acquired by Asia-based private equity firm Hillhouse Investment in ..read more

Innovative Sleep Technologies’ brand Symphony Sleep® has launched a hi-low lift kit designed to support the increasing number of older Americans who choose to remain in their own homes rather than moving into assisted living facilities. The new product, the Symphony Sleep® ESHILO lift kit, offers functionality to lower, raise, and tilt beds, facilitating in-home care. It provides a practical solution for those needing assistance with daily activities, particularly getting in and out of bed, and is also beneficial for caregivers. Statistical data underlines the growing demand for products like ..read more

As environmental consciousness takes center stage with Earth Day and Arbor Day celebrations, Flexsteel Industries announced significant progress in their collaborative "Plant a Tree" campaign with the Arbor Day Foundation. Flexsteel has planted 13,172 trees, surpassing its fiscal year objective well ahead of the July 2024 target. This achievement demonstrates Flexsteel's commitment to environmental stewardship and celebrates the company's dedication to its team members and customers. Each tree planted represents a special occasion in the lives of Flexsteel employees, marking birthdays and mile ..read more

Horton’s Furniture is going out of business after 78 years of serving Wichita and surrounding communities with quality home furnishings. Owners Steve Elpers and Dilman Morris will retire at the conclusion of the store’s final liquidation sale. Leading furniture promotional sales specialists Planned Furniture Promotions (PFP) is handling all going-out-of-business details and events. “It is a great honor for PFP to steward this concluding phase of Horton’s Furniture and we are committed to ensuring that the final liquidation reflects the integrity of products and service for which the company ha ..read more

As a tangible expression of its corporate values and commitment to its PRESERVING the PLANET initiative, Precision Textiles, supplier for the bedding, home furnishings, healthcare and automotive industries, will host a week of ‘Greening the Earth’ events as part of its philanthropic efforts. These activities will take place during the week of April 22, Earth Week. Kicking off the week in celebration of Earth Day on Monday, the company will host an employee tree planting party at its corporate headquarters in Fairfield NJ. This event aims to provide a greener and more sustainable work environme ..read more

Las Vegas Design Center (LVDC) presents two events in May: the hallmark “First Friday” education with a Cinco de Mayo celebration of Mexican design and architecture hosted by Hooker Furnishings on May 3, and the Spring Sample Sale, May 15 – 17.  “With two events, one networking and educational and the other for mid-market sourcing, there’s no better way to bring the design community together this May,” said Cain Brodie, LVDC general manager. “The two events at LVDC this May will offer full opportunities for the local design community to learn, network, celebrate design and complete any sh ..read more

DutchCrafters, a retailer of Amish furniture (www.dutchcrafters.com) announce that  high performing employees have been recognized at a special staff awards ceremony. Founder and CEO Jim Miller introduced the Mortise and Tenon Award at the 2022 awards celebration. The award recognizes employees who provide vital support and stability to the company’s success, often behind the scenes. “Mortise and tenon joints, as most of you know, are hallmarks of high-quality craftsmanship. Builders install them for stability when crafting fine furniture. Just as that joinery’s suppor ..read more

The Summer 2024 edition of Atlanta Market delivers 20 updates to 300+ home furnishings permanent showrooms, introducing diverse brands and refreshed resources to the July 16-22, Market at AmericasMart Atlanta.  “The addition of home furnishings brands across the category gives our buyers the opportunity to source from new names and diversify retail offerings,” said Dorothy Belshaw, ANDMORE℠ executive vice president, chief growth officer. “This Summer, we welcome curated collections of home décor and furniture exhibitors, including updates in outdoor living, to promote productive disc ..read more

Acima Leasing, one of the nation's leading providers of lease-to-own ("LTO") solutions and a business of Upbound Group, Inc., signed an exclusive multi-year agreement with a leading home furnishings retailer, Levin Furniture & Mattress. Acima Leasing provides consumers with flexible shopping options to obtain access to furniture, mattresses, and accessories without any long-term obligation. Acima Leasing is opening the door for credit-challenged customers of Levin Furniture & Mattress through a lease-purchase transaction. Millions of consumers in the United States have little to no acc ..read more