It's not hard to see why Macy's is closing 40 of its stores , but never the less sad for the staff who will have to find new jobs. Whiles sales from those locations only tallied up to about 1% of their overall sales (or $300 million in 2014), it takes their store count down 5% from 810 to 730 in the last 5 years. [...]
Our friends at Wayfair love buildings and this week announced they would expand ops in Erlanger, Kentucky to the tune of 900,000 square feet. In the heart of the tri-state area that includes Kentucky, Ohio, and Indiana and close by the Cincinnati/Northern Kentucky International Airport, is expected to be up and running in April. A huge shoutout to Charlotte at Lottilou for taking us on her [...]
Its no secret that furniture manufacturing went offshore and a lot of companies chose China but its recent move to devalue its currency could have long term implications for both importers and exporters alike. Down 2.7% in 2 days any further weakening against the dollar could make furniture exports from China more competitively priced against product made in Vietnam, Malaysia and Indonesia at a time [...]
Guest Host, Charlotte of Lottilou, rounds up furniture and decor news from the week Superfront Sweedish brand Superfront, famous for making stylish fronts for Ikea cabinets, are launching bathroom furniture on October 1st. Superfront Ceramics By Robert Gordon Australia Decor 8 recommend in her blog the ceramic from Robert Gordon, a label that design pieces for everyday living. Their [...]
Hot off the furniture press this week... All eyes are on India as the online furniture market charges forward. India is poised to see more people join the internet over the next 15 years than any other country and they all need to live somewhere so need furniture. This largely unorganized furniture market, apparently worth $30 billion has come to be in the [...]
This week's roundup of news from the furniture world Huge shout out to relatively new Australian furniture design platform Brosa who just landed 2M in funding from Australia's Airtree Ventures headed up by Craig Blair & Daniel Petre. We love what you guys are up to on the other side of the world! Catch all the details here. And over to India where carpenters from [...]
Hot Off the Press In the Furniture World This Week… ELK acquired portable lamp company, Lamp Works, last week. This 20+ year old company is known primarily in the décor, ecommerce and hospitality channels with notable recent projects completed for the Ritz-Carlton, Hyatt, Hilton and Marriott. We are thrilled to now be able to sell this fantastic range of lighting as well with $1 shipping [...]
Hot Off the Press In the Furniture World This Week... Topping the news this week is Vancouver, Canada developer Brian Langereis who is selling this luxury $18 million CAD Vancouver penthouse— to local buyers only! 500ft above sea level, way up in the air with the most incredible view beyond the Strait of Georgia and Vancouver Island’s mountains watching the sunset from this 6,830sq ft vantage [...]
Hot Off the Furniture Press This Week Crate & Barrel is CLOSING its flagship Madison Ave Manhattan store due to rising rent. Having occupied their Midtown East location for 20+ years it's a sign of the times. CB lovers will either have to visit the SOHO store or do the more convenient order online option and forget slugging awkwardly sized items through the subway! Our [...]
Hot off the press in the furniture world this week. H&M HOME collection is coming to Eastern Canada! Not only are they totally overhauling their flagship store in Toronto's Eaton Center but it will be 1 of 10 largest stores in the world at a whooping 56,000 square feet of retail space. Full of H&M concepts never seen before in Toronto, the store front will [...]