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Arhaus Debuts Its Spring 2026 Collection: A Bold Expression of Craft, Color, and Comfort
Globenewswire· 2026-01-26 13:55
Core Insights - Arhaus celebrates its 40th anniversary with the launch of the Spring 2026 Collection, emphasizing personal expression, timeless style, and artisan-crafted design [3][4] Product Offerings - The Spring 2026 Collection features hundreds of new furniture and décor items, showcasing a blend of color, pattern, sculptural form, and natural materials [3][4] - The collection includes 80 new fabrics, bringing the total to over 600 fabrics and 90 leathers available for customization [5] - New upholstery silhouettes are introduced, including a new slope-arm style in the Kipton Sofa collection and a luxury recliner configuration for the Remington Sectional [5] Design Philosophy - The collection reflects a commitment to quality and craftsmanship, with each piece handcrafted in North Carolina and designed to last [5][6] - New designs explore sophisticated pattern play and refined finishes, with collections like Lindly and Zansi introducing unique design elements [6][8] - The use of authentic materials and time-honored techniques is emphasized, with pieces like the Marea Dining Table and Ramiro Collection showcasing artisanal craftsmanship [8] Aesthetic Trends - Soft curves and sculptural silhouettes are prominent in the collection, contributing to a warm and inviting atmosphere in living spaces [9] - Lighting designs serve as both functional and sculptural elements, featuring hand-finished metals and thoughtfully proportioned glass [10] Customer Engagement - Arhaus offers complimentary Interior Design services to assist customers with space planning, color palettes, and material selections [11] - The Trade Program provides dedicated support for interior designers and trade professionals, facilitating the specification of artisan-crafted furniture for various projects [11] Company Overview - Founded in 1986, Arhaus is a lifestyle brand and omni-channel retailer of premium home furnishings, known for innovative design and responsible sourcing [12] - The company operates over 100 showrooms and design studios across the United States, providing a robust online shopping experience [12]
Bob’s Discount Furniture eyes up to $2.48B valuation in IPO
Yahoo Finance· 2026-01-26 12:07
This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Bob’s Discount Furniture is eyeing up to a $2.48 billion valuation in its initial public offering, according to a Monday filing. The company is looking to raise up to $369.6 million by offering 19.45 million shares of its common stock, priced between $17 and $19 per share. Bob’s Discount Furniture earlier this month filed for an IPO seeking to pay off debt. As of ...
Wonder Partners with FormPiper and LendingClub to Bring Enterprise-Grade Financing to Independent Furniture Retailers
Globenewswire· 2026-01-20 16:26
Core Perspective - The partnership between Wonder, FormPiper, and LendingClub aims to provide a comprehensive consumer financing platform for furniture retailers, enabling independent stores to access sophisticated financing tools previously available only to larger retailers [1][3][4]. Group 1: Partnership Overview - Wonder, a subsidiary of GigaCloud Technology Inc, has formed a strategic alliance with FormPiper and LendingClub Bank to enhance financing options for furniture retailers across the nation [1]. - The collaboration integrates Wonder's in-store sales technology with FormPiper's fintech platform and LendingClub's lending solutions, making advanced financing tools accessible to independent retailers at no extra cost [3][4]. Group 2: Industry Gap and Solution - Historically, only large retailers could afford financing waterfall technology, which maximizes loan approvals by routing applications through multiple lenders, leaving smaller stores with limited options [4]. - The new platform offers a seamless workflow that provides a full range of financing options, enhancing the customer experience and increasing approval rates for independent retailers [5][6]. Group 3: LendingClub's Role - LendingClub serves as the primary lending partner, leveraging its extensive experience and data-driven credit models to provide quick and frictionless financing options [6][10]. - With over $100 billion in originations since 2007, LendingClub's platform allows customers to explore financing options without affecting their credit scores, streamlining the application process [6][11]. Group 4: Technological Integration - FormPiper's technology acts as the backbone of the solution, connecting various lending partners while ensuring an optimal user experience and maximizing conversion rates [7][8]. - The platform's ability to intelligently route applications enhances the overall financing experience for retailers and their customers [8]. Group 5: Availability and Impact - The integrated financing platform soft-launched in Q4 2025 and is now being rolled out across Wonder's retail technology network, included in the standard subscription service at no additional cost [8]. - This initiative is expected to empower independent furniture retailers to compete more effectively with larger competitors, potentially leading to increased sales and customer satisfaction [6][9].
Bob’s Discount Furniture reports profit rise in IPO filing
Yahoo Finance· 2026-01-12 15:03
Company Overview - Bob's Discount Furniture has filed for an IPO, confirming its intention to publicly offer common stock and list on the New York Stock Exchange under the ticker symbol "BOBS" [1] - The number of shares and price range for the offering have not yet been determined, and the offering is subject to market conditions [1] Financial Performance - For the nine months ended 28 September 2025, the company's revenue increased by 20% year-on-year to $1.71 billion, up from $1.42 billion in the same period the previous year [2][3] - Net income rose significantly by 64% to $80.6 million, compared to $49.3 million a year earlier [3] - Adjusted EBITDA increased by 35.7% to $164 million during the same period [4] - Operating income improved to $111 million, up from $65.5 million a year prior [4] Sales and Growth Metrics - Comparable sales growth was reported at 10.5% over the nine months, driven by strong performance in the retail channel [4] - The company expanded its physical presence, increasing its store count by 11.4% year-on-year to 206 locations as of 28 September 2025 [4] Employment and Operations - As of 28 September 2025, Bob's Discount Furniture employed over 5,800 team members across the United States [5] Supply Chain and Tariff Exposure - The company highlighted its exposure to tariffs, noting that a significant portion of its products is sourced from overseas suppliers, with Vietnam accounting for nearly 63% of product cost volume [3]
Value City, American Signature Furniture to shutter remaining stores
Yahoo Finance· 2026-01-12 10:34
Core Insights - American Signature Inc. is closing its last 89 stores as part of a Chapter 11 bankruptcy filing, with going-out-of-business sales currently underway [1][2] - The company has experienced significant financial decline, with net sales dropping nearly $150 million and net operating loss increasing by $52 million from 2024 to 2025 [3] Group 1: Company Actions - The closure includes 79 Value City Furniture stores across 13 states and 10 American Signature Furniture stores in Delaware and Florida [1] - A joint venture of SB360 Capital Partners, Hilco Global, and Gordon Brothers is managing the liquidation sales [2] - Five additional locations, including four American Signature stores in Tennessee and one Value City store in North Carolina, will conclude their store-closing sales in the coming weeks [2] Group 2: Industry Context - The company’s struggles are indicative of broader challenges within the home goods sector, contributing to its financial downturn [3]
平价家具零售商Bob‘s Discount Furniture(BOBS.US)申请在美上市 或筹资4亿美元
Zhi Tong Cai Jing· 2026-01-12 07:09
Core Viewpoint - Bob's Discount Furniture has filed for an initial public offering (IPO) with a potential fundraising target of up to $400 million, planning to list on the New York Stock Exchange under the ticker "BOBS" [1] Company Overview - Bob's Discount Furniture is a nationwide discount home goods retailer established in 1991, headquartered in Manchester, Connecticut [1] - As of September 28, 2025, the company operates 206 showrooms across 26 states in the U.S. [1] - In fiscal year 2024, 61% of the company's revenue is generated from the New England, New York, and Mid-Atlantic regions [1] Business Model and Operations - The company employs a tiered pricing strategy labeled "Good, Better, Best" to offer a variety of furniture [1] - The average order value is approximately $1,400 [1] - Bob's Discount Furniture utilizes five distribution centers and 46 third-party regional warehouses, enabling delivery within as fast as three days [1] Customer Engagement - As of December 28, 2025, the company has 2.9 million active customers, with 73% of in-store customers having interacted with the brand through multiple channels in fiscal year 2025 [1] - For the twelve months ending September 30, 2025, the company reported revenue of $2.3 billion [1]
Customers left hanging after furniture chain bankruptcy
Yahoo Finance· 2026-01-09 18:07
Core Viewpoint - American Signature Furniture has filed for Chapter 11 bankruptcy protection while continuing to operate and serve customers, but there are allegations that it is not fulfilling orders or providing refunds as promised [3][5][6]. Group 1: Bankruptcy Filing and Operations - American Signature Furniture filed for bankruptcy protection on November 23 and outlined a plan to maximize value through a sale process under Section 363 of the U.S. Bankruptcy Code [4]. - The company intends to enter into a stalking horse asset purchase agreement with ASI Purchaser LLC, pending court approval, to acquire most of its assets and assume certain liabilities [4]. - The company has stated that its stores and websites will remain open and continue to fulfill customer orders during the court-supervised process [5]. Group 2: Customer Experience and Allegations - Customers have reported that American Signature Furniture has not delivered paid orders, contradicting the company's assurances [6]. - One customer, Lori Hanson, stated that she has not received a couch purchased in September and was informed that no delivery or refund would be provided [7]. - Customer service representatives have reportedly denied requests for refunds or store credits, leading to disbelief among affected customers [8].
Ethan Allen Announces Release Date for its Fiscal 2026 Second Quarter Results
Globenewswire· 2026-01-07 21:05
Core Viewpoint - Ethan Allen Interiors Inc. is set to release its financial and operational results for the fiscal 2026 second quarter on January 28, 2026, after market close, followed by a conference call to discuss these results [1]. Group 1: Financial Results Announcement - The financial results for the second quarter ended December 31, 2025, will be released after the stock market closes on January 28, 2026 [1]. - A conference call will be held at 5:00 p.m. Eastern Time to discuss the results, which will be webcast live on the Company's Investor Relations website [1]. Group 2: Conference Call Participation - An archived recording of the conference call will be available on the Company's Investor Relations website for six months [2]. - A telephone replay of the conference call will be accessible for one month following the call [2]. Group 3: Company Overview - Ethan Allen is recognized as America's 1 Premium Furniture Retailer by Newsweek for three consecutive years [3]. - The Company combines advanced technology with personal service, offering complimentary interior design services and a full range of home furnishings [3]. - Approximately 75% of Ethan Allen's custom-crafted furniture is manufactured in its own North American facilities, highlighting its commitment to product quality and craftsmanship since 1932 [3].
IKEA to close seven China stores from February 2026
Yahoo Finance· 2026-01-07 14:21
Group 1 - IKEA plans to close seven stores in China starting from February 2, 2026, including locations in Shanghai, Guangzhou, Tianjin, Nantong, Xuzhou, Ningbo, and Harbin as part of an optimization exercise to improve efficiency across physical and digital channels [1] - Customers affected by the closures will still have access to other IKEA stores in the same cities and through online operations, including the website, mobile apps, WeChat mini-program, and flagship stores on platforms like Tmall and JD.com [2] - China remains a strategic market for IKEA, which has been sourcing from the country since the 1960s and opened its first store in 1998, now operating 41 offline customer meeting points and multiple digital channels [2][3] Group 2 - Recent developments include the redesign of the Xuhui store, the opening of five new stores of varying sizes, and the launch of its presence on JD.com, with support for employees affected by the closures through a transparent process [4] - The company plans to focus growth in Beijing and Shenzhen, with over ten small-format stores expected to open in these cities over the next two years, including IKEA Dongguan in February 2026 and IKEA Tongzhou in April [5] - IKEA is increasing the volume of products sourced from US manufacturing facilities in response to rising import costs due to tariffs, marking a reversal of the long-term decline in domestic production for the US market [5][6]
Havertys Furniture Announces Participation in the 2026 ICR Conference
Accessnewswire· 2026-01-06 21:10
Core Viewpoint - Haverty Furniture Companies, Inc. will participate in the 2026 ICR Conference, highlighting its ongoing engagement with investors and stakeholders [1]. Group 1: Conference Participation - Steven G. Burdette, President and CEO, and Richard B. Hare, Executive Vice President and CFO, will represent the company at the conference on January 12 and 13, 2026 [1]. - A fireside chat presentation is scheduled for January 12, 2026, at 9:30 am EST, which will be accessible on the company's Investor Relations webpage [2]. Group 2: Company Overview - Haverty Furniture Companies, Inc., established in 1885, operates as a full-service home furnishings retailer with 129 showrooms across 17 states in the Southern and Midwestern regions of the United States [3]. - The company offers a diverse range of quality merchandise, primarily targeting middle to upper-middle price ranges [3].