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Tag: furniture

Art Van Furniture to close all stores

Dive Brief: Art Van Furniture on Thursday announced it would close all of its namesake stores, Art Van PureSleep stores and Scott Shuptrine Interiors stores in Michigan, Indiana, Illinois, Ohio and Missouri, with liquidation sales beginning Friday. The company will also liquidate eight Wolf Furniture stores in Maryland and Virginia, according to a company press …

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Online furniture retailer Wayfair cuts 3% of workforce, stock skids

A Wayfair employee works at his desk at the Boston headquarters of Wayfair on July 31, 2018. Suzanne Kreiter | Boston Globe | Getty Images Wayfair is cutting about 3% of its workforce, or roughly 500 jobs, a spokeswoman said Thursday. The online furniture retailer, which has more than 17,000 employees globally, said those affected …

Online furniture retailer Wayfair cuts 3% of workforce, stock skidsRead More

Flipkart ramps up furniture portfolio, Retail News, ET Retail

New Delhi: Walmart-owned e-commerce company Flipkart has expanded its furniture portfolio with the launch of ‘Perfect Home Studio,’ with the aim to tap young population-based in metros and tier I cities, the company said in a statement. According to Flipkart, the collection brings a range of multi-utility designs in wardrobes, tables, cabinets, drawers, shelves, shoe …

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Budget 2020: Global furniture, footwear brands hit by custom duty hike

In bad news for global furniture and footwear brands like Swedish home furnishing multinational IKEA that aim to expand in India, the government on Saturday announced a raise in customs duty on imported footwear to 35 percent from 25 percent and on furniture goods to 25 percent from 20 percent. The news comes at a …

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Third month of flat retail sales as DIY and furniture slump | Business

Retailers were denied a post-election bounce in January following a slump in DIY and furniture sales, according to industry data. The CBI’s monthly distributive trends survey showed that a rise in purchases at department stores failed to offset the effects of weak demand across the high street, translating into flat sales for the third month …

Third month of flat retail sales as DIY and furniture slump | BusinessRead More

Online furniture brand WoodenStreet records 112 percent revenue growth by crossing Rs 50 crore in FY 2019-20

Custom furniture brand WoodenStreet has reported annual revenue of Rs 50 crore (approx.), a 112 percent rise in FY 2019-20, projecting a healthy increase of 138 percent in revenues for the upcoming FY 2020-21. Founded in 2015 as a platform for providing premium-quality custom furniture, WoodenStreet has shown a remarkable increase, not just in terms …

Online furniture brand WoodenStreet records 112 percent revenue growth by crossing Rs 50 crore in FY 2019-20Read More

Modular furniture retailer Yogibo makes history

A retailer/manufacturer known for its bean bag chairs and pillows is expanding its drive toward inclusivity.   Yogibo announced it has become the first certified sensory inclusive retail chain. The project was a collaborative effort with KultureCity, which provides certified training to staff at any organization, workplace, or venue to ensure families with sensory-specific needs …

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