Furniture Products – FYJ 5 http://fyj5.net/ Tue, 28 Jun 2022 10:14:15 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://fyj5.net/wp-content/uploads/2021/06/icon-1-150x150.png Furniture Products – FYJ 5 http://fyj5.net/ 32 32 Institutional Furniture Market Outlook 2022 and Growth by Top Key Players – Herman Miller, HNI, Steelcase, Knoll – Designer Women https://fyj5.net/institutional-furniture-market-outlook-2022-and-growth-by-top-key-players-herman-miller-hni-steelcase-knoll-designer-women/ Tue, 28 Jun 2022 09:08:49 +0000 https://fyj5.net/institutional-furniture-market-outlook-2022-and-growth-by-top-key-players-herman-miller-hni-steelcase-knoll-designer-women/ Institutional furniture market A study by “Verified Market Reports” provides details on market dynamics affecting the institutional furniture market, market scope, market segmentation, and overlays on major market players, highlighting favorable competitive landscape and trends prevailing over the years. This Institutional Furniture Market report provides details about recent new developments, trade regulations, import-export analysis, production […]]]>

Institutional furniture market A study by “Verified Market Reports” provides details on market dynamics affecting the institutional furniture market, market scope, market segmentation, and overlays on major market players, highlighting favorable competitive landscape and trends prevailing over the years.

This Institutional Furniture Market report provides details about recent new developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, l impact of domestic and localized market players, analyzes the opportunities in terms of emerging revenue pockets, market changes regulations, strategic analysis of market growth, market size, category market growth, application niches and of domains, product approvals, product launches, geographic expansions, technological innovations in the market. For more insights on the Institutional Furniture Market Data Bridge Market Research, please contact us for Analyst Briefing,

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The analysis and estimations carried out through the outstanding Institutional Furniture report helps to get an idea of ​​the product launches, future products, joint ventures, marketing strategy, developments, mergers and acquisitions and their effects on sales, marketing, promotions, revenue value, import, export. and TCCA. With the latest and up-to-date market information mentioned in the report, companies can think about how to improve their marketing, promotion and sales strategies. Business reporting helps determine and optimize each stage of the business process lifecycle, which includes engagement, acquisition, retention, and monetization. The Institutional Furniture Market Research Report

Key Players of Institutional Furniture Market are:

  • Herman Miller
  • HNI
  • Steel case
  • Mound
  • Smith System

Global Institutional Furniture Market Segmentation:

Global Institutional Furniture Market Segment By Type:

Global Institutional Furniture Market Segment By Application:

  • Schools
  • Libraries
  • Churches
  • Theaters
  • Others

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Scope of the Institutional Furniture Market Report

ATTRIBUTES DETAILS
ESTIMATED YEAR 2022
YEAR OF REFERENCE 2021
FORECAST YEAR 2029
HISTORICAL YEAR 2020
UNITY Value (million USD/billion)
SECTORS COVERED Types, applications, end users, and more.
REPORT COVER Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
BY REGION North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE Free report customization (equivalent to up to 4 analyst business days) with purchase. Added or changed country, region and segment scope.


Regional Market Analysis Institutional Furniture can be represented as follows:

This part of the report assesses key regional and country-level markets on the basis of market size by type and application, key players, and market forecast.

Based on geography, the global institutional furniture market has been segmented as follows:

    • North America includes the United States, Canada and Mexico
    • Europe includes Germany, France, UK, Italy, Spain
    • South America includes Colombia, Argentina, Nigeria and Chile
    • Asia Pacific includes Japan, China, Korea, India, Saudi Arabia and Southeast Asia


To get more insights on market analysis, browse the research report summary @
https://www.verifiedmarketreports.com/product/institutional-furniture-market-size-and-forecast/

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Plymouth Furniture Focuses on Products Made in the US State | Preferred business program https://fyj5.net/plymouth-furniture-focuses-on-products-made-in-the-us-state-preferred-business-program/ Sun, 26 Jun 2022 22:57:00 +0000 https://fyj5.net/plymouth-furniture-focuses-on-products-made-in-the-us-state-preferred-business-program/ While many retailers have filled their showrooms with foreign-made products in recent years, Plymouth Furniture has continued to focus on selling high-quality products made in Wisconsin and the United States. According to owner Mike Shields, selling American-made furniture is beneficial on many levels. This not only creates jobs in the United States, but also reduces […]]]>

While many retailers have filled their showrooms with foreign-made products in recent years, Plymouth Furniture has continued to focus on selling high-quality products made in Wisconsin and the United States.

According to owner Mike Shields, selling American-made furniture is beneficial on many levels. This not only creates jobs in the United States, but also reduces the carbon footprint when products do not need to be shipped from overseas. A third benefit is that it reduces freight costs and tariffs, allowing the savings to be passed on to the customer.

Shields said Plymouth Furniture likes to stay as local as possible, with products made in Wisconsin being the first option. The store currently carries a wide range of furniture from Best Craft, Wolfcraft, Mid America Bedding and Ashley, all Wisconsin-based companies.

Wolfcraft bedroom furniture is particularly popular. They offer a versatile design, solid storage foundations and are customizable. Customers can choose oak or maple, 10 different stain options and a host of hardware options.

Since not all Plymouth Furniture inventory can be acquired from Wisconsin companies, the next best option is to keep it in the United States. The store carries a wide selection of products from these American manufacturers who manufacture their products in the United States: Best Home Furnishings, Door County Amish Furniture, La-Z-Boy and Perdue.

Plymouth Furniture offers Made in Wisconsin or USA products in all major furniture categories – bedroom, living room, dining room, and more. This includes mattresses, where Sealy, Stearns & Foster and Tempur-Pedic are all well represented in the store. .

Although the vast majority of Plymouth Furniture inventory is manufactured in Wisconsin or the United States, some products are sourced overseas. For example, Arcadia-based Ashley makes most of its furniture in Wisconsin or the United States, but some of its products, especially wood products, are made in China and Vietnam due to higher costs. created by American labor and Environmental Protection Agency regulations.

According to Shields, some products from outside the United States are unavoidable. This is especially true with some of the lower priced items, but he is confident that anyone looking for high quality, affordable American products will find them at Plymouth Furniture.

To learn more about Plymouth Furniture, visit their website at www.plymouthfurniturewi.com.

Plymouth Furniture is part of the Tri-County News Preferred Business Sponsor program. Contact reporter Chad Held at cheld@wisconsinmediagroup.com.

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Online Furniture Hardware Market Growth 2031 – Designer Women https://fyj5.net/online-furniture-hardware-market-growth-2031-designer-women/ Sat, 25 Jun 2022 10:07:22 +0000 https://fyj5.net/online-furniture-hardware-market-growth-2031-designer-women/ The Online Furniture Hardware market research report includes market segmentation and overlays on major market players, highlighting the favorable competitive landscape and trends prevailing over the years. This study provides information on the sales and revenue during the historical and forecast period from 2021 to 2030. Understanding the segments helps to identify the importance of […]]]>

The Online Furniture Hardware market research report includes market segmentation and overlays on major market players, highlighting the favorable competitive landscape and trends prevailing over the years. This study provides information on the sales and revenue during the historical and forecast period from 2021 to 2030. Understanding the segments helps to identify the importance of the various factors contributing to the growth of the Furniture Hardware market in line.

Global Online Furniture Hardware Market: Regional Analysis

The Online Furniture Hardware report offers in-depth assessment of the growth and other aspects of the Online Furniture Hardware market in important regions. The major regions covered in the report are North America, Europe, Asia-Pacific and Latin America.

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The Online Furniture report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied data on revenue, production and manufacturers in each region. This section analyzes the revenue and volume by region for the forecast period from 2021 to 2030 for the Online Furniture Hardware Market. These analyzes will help the reader to understand the potential value of investment in a particular region in the Online Furniture Hardware Market.

Global Online Furniture Hardware Market: Competitive Landscape

This section of the Furniture Hardware Online report identifies various key market manufacturers. It helps the reader to understand the strategies and collaborations the players are focusing on for the battle competition in the Online Furniture Hardware Market. The comprehensive Online Furniture Hardware report provides a significant microscopic overview of the Online Furniture Hardware market. The reader can identify the footprints of the manufacturers by knowing the global Online Furniture Hardware revenue of the manufacturers, during the forecast period from 2021 to 2030.

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Major Key Points of the Online Furniture Hardware Market

  • Online Furniture Hardware Market Overview
  • Online Furniture Hardware Market Competition
  • Online Furniture Hardware Market, Revenue and Price Trends
  • Online Furniture Hardware Market Analysis by Application
  • Company Profiles and Key Figures of Online Furniture Hardware Market
  • Market Dynamics for Online Furniture Hardware Market
  • Methodology and Data Source for Online Furniture Hardware Market

Companies profiled in this Online Furniture Hardware report include: ENOX, Craftacks, Ebco, KnobsKart, Snapdeal, Woodzon, Amazon, Kriosdirect, Kalanjiam, Moglix

Most important types of Online Furniture Hardware products covered in this report are:Drawer SlidesHingesKnobsDrawers & FixingsOtherMost widely used downstream areas of Online Furniture Hardware Market covered in this report are:Commercial FurnitureResidential Furniture

Major market players and manufacturers are studied to help give a brief idea about them in Online Furniture Hardware report. The challenges they face and the reasons why they hold this position are explained to help make an informed decision. Online Furniture Hardware market competitive landscape presents detailed information about company profiles, developments, mergers, acquisitions, economic status and best SWOT analysis.

NOTE: Our team studies Covid-19 and its impact on various industry verticals and if needed we will consider Covid-19 analysis of Online Furniture Hardware markets and industries. Kindly contact us for more details.

Buy a copy of this comprehensive Online Furniture Hardware Research @ marketreports.info/checkout?buynow=56974/Online-Furniture-Hardware

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Burrow launches resale program in partnership with FloorFound https://fyj5.net/burrow-launches-resale-program-in-partnership-with-floorfound/ Thu, 23 Jun 2022 23:29:54 +0000 https://fyj5.net/burrow-launches-resale-program-in-partnership-with-floorfound/ Furniture World News Bureau on 06/23/2022 Re-commerce pioneer FloorFound recently announced a strategic partnership with a leading consumer furniture brand Terrier. With this partnership, Burrow and FloorFound hope to reduce waste and avoid supply chain delays by reselling a number of its award-winning sofas, lounge chairs, armchairs and soon-to-be mattresses. Now, […]]]>


Furniture World News Bureau on 06/23/2022




Re-commerce pioneer FloorFound recently announced a strategic partnership with a leading consumer furniture brand Terrier. With this partnership, Burrow and FloorFound hope to reduce waste and avoid supply chain delays by reselling a number of its award-winning sofas, lounge chairs, armchairs and soon-to-be mattresses.

Now, thanks to FloorFound, Burrow offers high-quality returned items and open boxes at a discount through the FloorFound Store. FloorFound’s circular commerce platform includes a nationwide reverse logistics network and technology for receiving, grading, pricing and marketing non-new items and powering resale channels. Burrow has sold hundreds of resale items to date and plans to launch a branded resale portal on its flagship site. burrow.com.

“From the beginning, Burrow has been on a mission to reduce waste by designing furniture that’s built to last from house to house and move after move. Our customers know what values ​​are important to them, and our program resale program allows people to buy accessible, ready-to-ship pieces while positively impacting the planet,” said Stephen Kuhl, Co-Founder and CEO of Burrow. “This program makes it easier to buy great furniture, gets them delivered quickly and at a great value, while keeping oversized items out of landfills.”

Through this partnership, Burrow can promote in-stock furniture ready to ship – a selection complemented by FloorFound resale items, which can be delivered to new buyers in weeks, not months. The average price of a Burrow piece offered by the FloorFound Store is $800, with an average discount of 43%, indicating that shoppers are looking for quality, durability and fast delivery, in addition to value.

“With many industries impacted by supply chain complications, we know customers value fast, free shipping, which Burrow has always offered,” continued Kuhl. “Now our FloorFound partnership means we can bring popular designs back to market and quickly connect buyers with sought-after products.”

Burrow designs high-quality, durable furniture – and every piece is constructed using scratch-resistant surfaces and durable, stain-resistant fabrics. When customers rearrange their spaces or move to a new home, they can simply reconfigure Burrow pieces with add-ons and accessories for decades of enjoyment. This focus on sustainability and long-term customer relationships aligns perfectly with FloorFound’s mission to power the circular economy.

“By launching a recommerce channel that gives high-quality merchandise a second life, Burrow is moving away from the linear ‘Make, Take, and Trash’ model,” said Chris Richter, Founder and CEO of FloorFound. “Customers are happy because they can take delivery of resold items that are already here in the United States, and they’re helping to conserve our planet’s resources in the process.”


About Burrow

Burrow is the smart, direct-to-consumer furniture company reinventing the way people furnish their homes. The original Burrow sofa was launched in 2017 to solve the frustrations often associated with the furniture industry. Burrow uses extensive customer data and research to create the most convenient and comfortable end-to-end experience – and makes delivering, assembling and re-assembling (when moving) a breeze. child thanks to its brilliantly simple furniture systems. Burrow was named one of the 10 Most Innovative Retail Brands in the World by Fast Company and one of the Top 50 Inventions of the Year by TIME. Based in New York, with stores in New York, Boston and Atlanta, customers can browse the entire catalog and book appointments virtually or in person at www.burrow.com.

About FloorFound

FloorFound is focused on protecting the planet by extending the life cycle of oversized retail products. Founded with a mission to bring a circular future to all retailers, FloorFound’s end-to-end recommerce platform and extensive warehouse network simplifies the complexities of oversized returns and resale, coordinating pickup and item inspection to marketing, sales and revenue collection. Joybird, Floyd Home, Burrow and Inside Weather rely on FloorFound to power their resale storefronts and drive traffic through the FloorFound Marketplace. With FloorFound, large objects can find new life and create new joy. For more information, visit https://floorfound.com/.

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China Kitchen Furniture Market Report 2022: Top 50 Chinese Kitchen Furniture Manufacturers https://fyj5.net/china-kitchen-furniture-market-report-2022-top-50-chinese-kitchen-furniture-manufacturers/ Wed, 22 Jun 2022 17:45:00 +0000 https://fyj5.net/china-kitchen-furniture-market-report-2022-top-50-chinese-kitchen-furniture-manufacturers/ DUBLIN, June 22, 2022 /PRNewswire/ — The “market for kitchen furniture in China” the report has been added to from ResearchAndMarkets.com offer. Research_and_Markets_Logo The report provides a comprehensive picture of the Kitchen Furniture industry in China, enriched with historical trends on production, consumption and international trade, analysis of production and distribution systems and information on […]]]>

DUBLIN, June 22, 2022 /PRNewswire/ — The “market for kitchen furniture in China” the report has been added to from ResearchAndMarkets.com offer.

Research_and_Markets_Logo

The report provides a comprehensive picture of the Kitchen Furniture industry in China, enriched with historical trends on production, consumption and international trade, analysis of production and distribution systems and information on the main players. The study also includes forecasts of the real market growth for the years 2020 and 2025. The research was carried out via direct interviews with Chinese and international kitchen furniture manufacturers operating in China.

Exports and imports of kitchen furniture are broken down by country and geographical region of origin/destination. Historical data is provided for the period 2016-2021. A similar analysis was conducted for the international trade of a list of selected appliances (refrigerators and freezers, cooking appliances, washing machines and dryers, dishwashers, range hoods) relevant to the kitchen industry for the period 2016-2021.

Chinese kitchen production is analyzed by including historical series of kitchen production by value and volume for the years 2016-2021. Manufacture of kitchens China breaks down as follows:

  • style (classic, country, modern basic, modern, design, high tech);

  • cabinet door hardware (solid wood, veneer, laminate, decorative paper, thermoplastic, lacquer, melamine, aluminum, glass);

  • cabinet door color (white, glossy, neutral) and lacquering (gloss, opaque);

  • worktop material (solid surface materials, natural and engineered stone, laminate, tiles, steel and aluminum, wood, glass).

An in-depth analysis of the competitive system identifies the leading Chinese manufacturers in terms of kitchen production, sales, price range and exports. Updated company profiles of major manufacturers provide data on total company revenue, number of employees, export share, location of manufacturing plants and distribution channels. The competitive system analysis also identifies a selection of major international kitchen manufacturers operating in the China market, providing descriptions of their distribution strategies and brief company profiles.

The last chapter attempts to identify the main determinants of domestic demand, including macro-economic indicators; Population dynamics; consumer trends and preferences; development of the real estate and construction sector. A list of over 60 major players in the kitchen furniture industry in China is also included.

Main topics covered:

Basic data

  • Overview: Production, International Trade, Consumption

  • Furniture consumption by segment

  • Global kitchen furniture market: production and consumption. Focus on selected countries

The trend of activity

  • Production, International Trade, Consumption, 2016-2021. Million US Dollars, Million RMB, Thousands of Units, Price in US Dollars per Unit

  • Consumption, forecasts 2022-2025. thousand units

  • The opening of the kitchen furniture market, 2016-2021

International exchange

  • China and hong kong. Exports and imports of kitchen furniture by country and region, 2016-2021

  • Global kitchen furniture market. Main origin of imports for selected countries

  • Trade in large household appliances (focus on selected products). Exports and imports by country and by geographical area, 2016-2021

  • Hoods

  • Fridges and Freezers

  • Dishwasher

  • Cooking appliances

  • Washing machine

Kitchen Furniture Supply Structure

  • Productive poles and employment

  • Location of a sample of 100 kitchen furniture and appliance manufacturers, by province

  • Year of establishment, number of employees and plant area covered in m² in a sample of companies

  • Number of employees and average turnover per employee in a sample of companies

  • Distribution of kitchen furniture by style

  • Distribution of the offer by style. Data 2017-2019-2021

  • Distribution of supply by style in a sample of companies

  • Supply breakdown by cabinet door material and color

  • Breakdown of the offer by cabinet door material, color, lacquer. Data 2017-2019-2021

  • Distribution of supply by material and color of cabinet door in a sample of companies

  • Most used colors for cabinet doors in a sample of companies

  • Wood species most used for cabinet doors in a sample of companies

  • Supply breakdown by worktop material

  • Distribution of the offer by countertop material. Data 2017-2019-2021

  • Distribution of supply by worktop material in a sample of companies

  • Manufacturers of cabinet doors and other components

Distribution

  • Distribution model in a sample of companies

  • Breakdown of sales of domestic kitchens by distribution channel. Data 2017-2019-2021

  • Breakdown of sales of domestic kitchens by distribution channel in a sample of companies

  • Number of outlets and average turnover per outlet in a sample of companies

  • Top kitchen furniture retailers in: Canton; Chengdu; Xi’an; Donguan; beijing; Qingdao; Hangzhou; Shanghai; Shengyang; Shenzhen; Fuzhou

  • Main furniture chains

  • Main DIY stores and department stores

  • Cuisine demand in a selected sample of Chinese cities

  • Benchmark prices for kitchen furniture and appliances

  • Group sales of kitchen furniture and built-in appliances

  • Impact of built-in appliances on the total value of kitchen consumption. Data 2017-2019-2021

  • Impact of built-in appliances on the total kitchen sold in a sample of companies.

  • Major Appliance Stores: Brief Profiles.

The competitive system

  • Top 50 Chinese Kitchen Furniture Manufacturers: Sales, Market Share and Short Profiles

  • Main exporters

  • Export sales in a sample of Chinese kitchen furniture manufacturers by country/region

  • Sales by average factory price

  • Sales by region

  • Distribution of sales of domestic kitchens by region in a sample of companies

  • Foreign kitchen furniture players China

  • Sale of kitchen furniture China of foreign brands

Economic trend and determinants of demand

Companies cited

  • Aisen

  • Akani

  • Amblem

  • Aodu

  • Arrow

  • Baineng

  • More beige

  • Highligths

  • Borcci (fotile)

  • Borlonclan

  • Cockroach

  • Canbo

  • Daeshin

  • Debao

  • Of his

  • dicano

  • Doton

  • Elaborate

  • Eueasa

  • Euromax New

  • Haier

  • Hanex

  • Haozhaotou

  • Homtor

  • Ikea

  • Jiaci

  • Joydar

  • Kangjie

  • Kenner

  • Macess

  • Macro

  • Mekea

  • Mkxy

  • Nbmin

  • Welcome

  • Oppein

  • Oulin

  • Oupu

  • Yes

  • piano player

  • rebon

  • Schmidt

  • simple

  • nobilia

  • Videos

  • Vifa kitchen

  • wanjia

  • wellon

  • Yalig

  • Hacker Kuchen

  • ZBOM cabinets

For more information about this report visit https://www.researchandmarkets.com/r/alz2c2

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, top companies, new products and the latest trends.

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National Outdoor Furniture, Inc. publishes “How to Decorate Your Commercial Property” https://fyj5.net/national-outdoor-furniture-inc-publishes-how-to-decorate-your-commercial-property/ Tue, 21 Jun 2022 14:00:00 +0000 https://fyj5.net/national-outdoor-furniture-inc-publishes-how-to-decorate-your-commercial-property/ This guide explains how to decorate a commercial property giving design advice and tips on how best to enhance a commercial space. NEW YORK, June 21, 2022 /PRNewswire-PRWeb/ — National Outdoor Furniture, Inc. has announced the release of its latest resource “How to Decorate Your Commercial Property”. This resource provides an overview of decorating a […]]]>

This guide explains how to decorate a commercial property giving design advice and tips on how best to enhance a commercial space.

NEW YORK, June 21, 2022 /PRNewswire-PRWeb/ — National Outdoor Furniture, Inc. has announced the release of its latest resource “How to Decorate Your Commercial Property”. This resource provides an overview of decorating a commercial property by offering design tips for sprucing up a corporate space.

“The first impression is usually the last impression for customers who visit your commercial property, office or store,” said National Outdoor Furniture, Inc. An easy way to make a welcoming first impression is to use warm colors in the reception area so guests are comfortable. In a corporate space, it makes sense to use neutral colors as the base of the area, and color can be added through accent pieces and furniture. Commercial spaces can be decorated in any style, but classic styles are recommended as they are timeless and can serve a space longer.

When decorating a commercial property, businesses can incorporate their commercial brand into the décor so that customers can associate the commercial space with the corporate image. Having adequate lighting will help create a friendly and inviting atmosphere, and this can be achieved through natural light and light fixtures. Versatility is important in designing a commercial property, as many spaces need to perform multiple functions.

To learn more about how to decorate a commercial property, please visit National Outdoor Furniture, Inc. here.

About National Outdoor Furniture, Inc.
National Outdoor Furniture, Inc. specializes in commercial outdoor furniture including picnic tables, park benches, trash cans, bike racks and aluminum bleachers. Founded in 1998, National Outdoor Furniture, Inc. prides itself on providing its customers with high quality products backed by a manufacturer’s warranty. Their products can be found in parks and staging areas across United States.

Media Contact

Deron NakamuraNational Outdoor Furniture, Inc., 631-369-9099, nofinc@optonline.net

SOURCE National Outdoor Furniture, Inc.

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From discounts to phase-outs, how retailers manage excess inventory https://fyj5.net/from-discounts-to-phase-outs-how-retailers-manage-excess-inventory/ Mon, 20 Jun 2022 04:00:38 +0000 https://fyj5.net/from-discounts-to-phase-outs-how-retailers-manage-excess-inventory/ As excess inventory piles up in warehouses, retailers are exploring different methods to free up space. Target said its product inventory was up 43% from a year ago and Walmart’s was up 32%. The two retailers resorted to methods such as discounts to unload the goods. Dozen of Old Navy stores, on the other hand, […]]]>

As excess inventory piles up in warehouses, retailers are exploring different methods to free up space.

Target said its product inventory was up 43% from a year ago and Walmart’s was up 32%. The two retailers resorted to methods such as discounts to unload the goods. Dozen of Old Navy stores, on the other hand, scaled back the company’s inclusive sizing program to realign their inventory.

Retailers recently warned they had too much inventory due to changing consumer demand and supply chain issues, which had a significant impact on their bottom line. As consumers spend less money on categories that have followed the trend during the pandemic – like athleisure and home goods – and more on travel and entertainment, retailers are left with a supply of goods which consumers no longer want, at least at full price. In order to reduce their stock levels, some have resorted to discounts, while others have completely reduced their assortment.

“These orders have to be placed weeks and, typically, months in advance for most items,” said Brad Jashinsky, chief analyst at Gartner. “You’re seeing excess inventory coming back to retailers that ordered, you know, months ago when consumer demand was very high.”

What retailers are doing to get rid of goods

A few quarters ago, some of the products that retailers were sourcing were experiencing high levels of demand. During the first quarter of 2021, apparel, home and hard-goods were some of the categories that drove sales growth for big-box retailers like Target. So much so that retailers like Walmart and Target decided to increase their inventory levels and invest in new exclusive brands in these categories. Target, for example, launched a line of home storage organization called Brightroom in early 2022.

But in its most recent quarter, Target reported that the categories leading sales growth had reversed; instead, customers were spending more on categories like luggage and toys.

Due to this sudden shift in spending trends, decisions made months ago are now impacting retailer operations. “It’s this challenge of wanting to have excess inventory or no inventory? And given that decision, it’s probably better to have that excess inventory,” Jashinsky said. “But there are so many factors… which I don’t think anyone could have predicted.”

One of the first steps retailers take to scale their inventory is to cancel vendor shipments before they hit the waters, Jashinsky said. Target earlier this month said it already has canceled purchase orders as part of his plan.

To trigger demand, some retailers are marketing deep discounts to entice buyers, said David Berliner, national head of restructuring and turnaround services at BDO.

“Part of it is trying to create demand for something that’s usually not exactly in season or you have too much of it and your normal sales won’t reduce enough to the levels you need to encourage more people. to buy it,” Berliner said.

Walmart and Urban Outfitters are rolling out markdowns for clothing goods after a poor demand forecast. With inventory levels up 9% year-on-year, Corie Barry, CEO of Best Buy said on the first-quarter earnings call that the company expects “promotional activity to increase.” Target said it carries too many bulky items like furniture and TVs and will discount larger items to give shelf space to high-demand goods.

“Consumers who didn’t really think about buying it, because it’s at a nice discount, will buy it,” Berliner said. “If you sell things at a big discount, it hurts your bottom line.”

Demand for goods can vary based on geographic location, so if certain products aren’t selling well in one store, a retailer may ship them to another store, Jashinsky said. Other retailers may also ship unsold stock to their own factory outlets. Best Buy recently announced plans to double the number of factory outlets it has over the next year, which executives say will reduce space in their main stores.

There are winners and losers in difficult times – and off-price retailers are about to be the first because stocks are overflowing. Off-price retailers – such as TJ Maxx, Ross and Burlington – often buy unsold or surplus merchandise. Already, Burlington said on an earnings call in May that it is seeing a supply of products from brands the company hasn’t seen in years.

“The shopping environment is now better than it has been for years. Our buyers are seeing great business,” Burlington CEO Michael O’Sullivan said. to build up our reserve inventory.”

If all else fails, experts said liquidation could be the last step to getting rid of unsold goods. Liquidators like Quicklotz Liquidations and Liquidity Services focus on reselling unsold or returned merchandise from full-price retailers like Amazon and Target. Liquidating products could also mean completely destroying products, which some luxury brands, such as Coach and Burberryhave received negative feedback in the past.

The aftermath of the stock glut

In the coming months, some retailers have already warned investors that earnings could continue to be in the red.

Target’s operating profit already fell 43% year-over-year in the first quarter, and Walmart’s fell $1.6 billion. For the second quarter, Target said it expects its operating margin rate to be about 2%less than the 5.3% rate it was initially giving.

“If you have very high excess inventory levels, as many retailers have right now, you need to spend more money on warehouse space, whether in-house or at ports” , said Jashinsky.

Experts said some retailers may end up eliminating certain products or variations in an effort to better manage inventory, as was the case at Old Navy. Its parent company, Gap, said it overestimated demand in stores for its larger sizes. Approximately 75 stores will no longer carry extended sizes in the United States and 15 in Canada. Last year, clothing retailer Loft also scrapped its plus-size offering due to “business challenges”.

Additionally, BDO’s Berliner said retailers may rethink their sourcing strategy. considering that there is no end in sight for supply chain constraints. “I think people have become familiar with the supply chain and have taken risks by having all or a good percentage of their supply come from one region or one country,” he said. declared.

Jashinsky said that while many retailers expect inventory levels to start normalizing by the fourth quarter, there are too many variables involved to predict future results.

“That’s the crystal ball question,” he said.

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Native American Furniture Maker Set to Launch Six New Showrooms | New https://fyj5.net/native-american-furniture-maker-set-to-launch-six-new-showrooms-new/ Sat, 18 Jun 2022 20:00:00 +0000 https://fyj5.net/native-american-furniture-maker-set-to-launch-six-new-showrooms-new/ TULSA — Amatoya, a Tulsa-based custom Native American furniture maker, will launch its collection in six showrooms this summer. “Amatoya has set a new bar for timeless, authentically Native American design, quality and craftsmanship,” said founder Cray Bauxmont-Flynn. “Since starting our business three years ago, our beautiful, sculptural pieces have captured the attention of discerning […]]]>

TULSA — Amatoya, a Tulsa-based custom Native American furniture maker, will launch its collection in six showrooms this summer.

“Amatoya has set a new bar for timeless, authentically Native American design, quality and craftsmanship,” said founder Cray Bauxmont-Flynn. “Since starting our business three years ago, our beautiful, sculptural pieces have captured the attention of discerning designers, hotel owners and even decorators. We now offer our collection in showrooms across the country.”

Showrooms in Dallas, Denver and Washington, DC will debut on June 22. The Chicago, Seattle and Tulsa sites will launch the following month.

The Dallas Showroom, the only location operating under the Amatoya brand, will open in the Dallas Market Center gallery. It will include 38 pieces from the Tulsa company’s home and hospitality collection, ranging from tables and chairs to sofas, cabinets and textiles. The other locations will present 8 to 12 pieces in partner showrooms. These include: Carter Inc., Denver. ; the Aurora showroom at Chicago’s Merchandise Mart; the Dixon Group at the Seattle Design Center; Duvall Workshop, Tulsa; and Hines & Co., Washington, D.C.

These six locations represent the only outlets for Amatoya’s make-to-order lines. Customers can choose from product samples as well as a variety of unique fabrics and finishes. Amatoya will craft and deliver these custom orders using their network of Native American artisans in Oklahoma.

Amatoya – a Cherokee word meaning “rainmaker” – develops residential and hospitality furniture that embraces Native American cultures across the continental United States.

“I want to help keep the spirit and art of Native Americans alive for the next generation,” Flynn said. “I’m a proud Cherokee, but I don’t want the Amatoya line to be just about my culture and heritage. We’ll include everyone from the Iroquois of the Northeastern United States to the Navajos of the Southwest and the Nez Perce of the North West.”

Due to the impact of COVID on personnel, markets and supply chains, Flynn said it took Amatoya several months to develop its marketing and production infrastructure. He said the company’s reliance on made-to-order products should allow Amatoya to stay ahead of inventory issues.

“It was difficult to bring together the people who could produce these parts and make them to the best quality,” he said. “We are thrilled with the artisans and artisans we have brought together.

“The synergy of Amatoya’s partnerships is captured with multiple workrooms,” Flynn said. “It is evident in every piece that it is custom made and constantly reviewed throughout the process. This hands-on approach is a principle practiced in all facets of our business.”​

To learn more about Amatoya, visit www.amatoya.com.

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Here’s why the second-hand market should keep you up at night | Cindy Hodnett https://fyj5.net/heres-why-the-second-hand-market-should-keep-you-up-at-night-cindy-hodnett/ Fri, 17 Jun 2022 13:18:45 +0000 https://fyj5.net/heres-why-the-second-hand-market-should-keep-you-up-at-night-cindy-hodnett/ Our industry is built around the ‘new’, tapping into the voracious appetite of consumers to spend their discretionary cash on the latest sofa, chair or table. The model has worked for decades and will no doubt continue to be the norm, but anyone paying attention to the self-proclaimed interests and lifestyle preferences of future consumers […]]]>

Our industry is built around the ‘new’, tapping into the voracious appetite of consumers to spend their discretionary cash on the latest sofa, chair or table. The model has worked for decades and will no doubt continue to be the norm, but anyone paying attention to the self-proclaimed interests and lifestyle preferences of future consumers might want to have a backup strategy ready for customers who embrace the market. of the occasion.

Here are some things to consider when thinking about the future of your store:

Opportunity is big business

Some analysts predict that the furniture resale business will reach $16.6 billion in sales by 2025, a 70% increase from 2018. In a recent Fast Company article on NeoCon, the trade show for Chicago Merchandise Mart author Elissaveta M. Brandon featured an exhibitor on the show who started a business around used office furniture – Reseat – a business described by owner Brandi Susewitz as an “online marketplace for second life office furniture”.

Brandon notes that Reseat’s client portfolio includes Oracle, LinkedIn, Rivian and Yelp, and since launching in 2020 as Clear Office, Reseat has tripled its sales and diverted more than 3 million pounds of furniture from landfills.

Certainly, the continuous flux of the commercial real estate landscape provides a healthy slate of potential clients for Reseat via business owners who are reducing office space to accommodate new work-from-home models. However, the juxtaposition of its empty booth exhibit space at NeoCon against a trade show environment filled with “new” is worth noting, as is the company’s strategy of offering cost savings and options for sustainability to its customers..

Of course, for furniture retailers, sustainable initiatives require more ingenuity. That said, in an age where customer data is gold and engagement translates into brand awareness and loyalty, Reseat’s membership-based model that allows customers to sell or give their furniture on a user-friendly dashboard is intriguing.

Takeaway idea: Develop a members-only resale page on your website that allows your customers to list furniture they are willing to replace. Think of it as a type of Etsy service for your local buyers with transactional and delivery coordination left to the individual buyer and seller, but also positioning you as a sustainability partner while building your database and by interacting with regular potential customers.

Conscientious consumer behavior

The furniture industry has been talking about sustainability for years, but developing strategies to support it that generate comparable profit margins continues to be a challenge. Perhaps one of the billion dollar questions for the next decade is whether the next generation of consumers buying into the home furnishings category will draw a line in the sand and put their money behind it. his ideals. If they make this commitment as they reach peak years of revenue and purchases, it could be an unprecedented seismic shift in our industry.

At NeoCon, Brandon noted that furniture powerhouse Steelcase showcased a sofa made with 70% recycled foam from discarded mattresses and upholstered in recycled fabric. The Flex Perch collection of stools, made from 70% recycled electronic waste, was also presented at the show.

Mattress waste + sofa design = sustainable. E-waste + saddle design = sustainable.

While only part of the Steelcase offering, these products exemplify commitment to the cause, a narrative that is likely to continue to grow in importance over the next decade, including for home furnishings consumers. .

Takeaway: Emphasize your manufacturing partners’ sustainability stories to attract customers who want to buy new, but also want to support environmentally conscious businesses. The second-hand category will always attract shoppers looking for bargains or vintage icons, but a segment of the durable consumer market also wants new furniture for the home. The marketing message could be the difference in a sale for you versus a sale for a competitor that tells a stronger lasting story.

Get inspired by fashion

Pop-up shops selling vintage items – mostly high-end brands – in better clothing stores have been part of the retail scene for several years. But the model doesn’t have to be limited to second-hand Louis Vuitton or Gucci handbags. In fact, a significant number of consumers say they consider their preferred style of home design to be “eclectic,” an ideal demographic mix for new and vintage.

Takeaway idea: Create a pop-up shop of vintage furniture and decor in an area of ​​your store or as part of your website if storage capacity permits. Tell the story of old icons and offer suggestions for new pieces in your store that complement retro designs. Mix the old with the new, just like your customers do at home.

How the used market continues to evolve is, at best, an educated guess. However, with companies like Chairish, 1stdibs and, now, Reseat continuing to enjoy a dedicated consumer market, it might be time to consider second-hand enthusiasts as potential new customers for your store.

See also:

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Custom Made Malaysian Wooden Furniture Made in Penang https://fyj5.net/custom-made-malaysian-wooden-furniture-made-in-penang/ Tue, 14 Jun 2022 02:42:07 +0000 https://fyj5.net/custom-made-malaysian-wooden-furniture-made-in-penang/ When Khoo V-Ho was 22, he was preparing to graduate from law school. But two months before her CLP exam, her dad passed away. His family had been in the furniture business for 35 years, and instead of letting it end with the passing of his father, V-Ho decided to pick up the slack. Two […]]]>

When Khoo V-Ho was 22, he was preparing to graduate from law school. But two months before her CLP exam, her dad passed away.

His family had been in the furniture business for 35 years, and instead of letting it end with the passing of his father, V-Ho decided to pick up the slack.

Two years later, V-Ho’s sister, Giselle Khoo, decides to stop her studies. Around the same time, an opportunity to start a business together in a prime location in Georgetown presented itself, so the duo decided to go for it.

To honor their late father, the Khoos decided to name the business Dad’s Woods, simultaneously shifting to focus specifically on wood products.

New start

Their father’s business, called Eng Wha Home Centre, sold a variety of products ranging from mattresses and sofas to tables and cabinets. While V-Ho had obviously frequented the store, he was never really involved with it.

“In high school, I went to furniture shows with my dad, but in terms of business and operation, I had no experience,” V-Ho said.

Image Credit: Papa’s Woods

But the furniture store wasn’t technically V-Ho’s first brush with entrepreneurship, as he had attempted to launch a solid clothing line and fragrance line in his youth.

Yet, as V-Ho says, “It’s one thing to know how to work and sell something, it’s another to run a business and manage people.”

Being only 22 at the time, he faced doubts, but he admitted that most of the time the pressure came from within. He said it involved a lot of insecurity and unnecessary defensiveness.

Fortunately, former staff members were helping and supporting V-Ho as he followed the operations. At the same time, he saw the potential in his father’s business and felt it could benefit from an upgrade as well.

“I’ve always wanted to build a brand that comes from Malaysia and, more specifically, from Penang,” he explained.

When the opportunity presented itself, V-Ho jumped on it. It started when his friend went out of business and asked him if he wanted to take over the lot.

Since it was set in a high-end store, V-Ho felt it was an enticing offer that he couldn’t pass up. By then he had already been selling wood slabs for about eight months, so he decided to go all-in with that.

And so, with his sister on board, Dad’s Woods was truly born.

Malaysian timber supporters

V-Ho got his start with wood when he was looking for parts to improve his offerings in the family business.

“I just thought if I was going to start something in Malaysia, wood seems like the most natural route, because Malaysia has amazing wood,” V-Ho explained.

V-Ho believes that Malaysians tend to sit on many premium resources without appreciating or using them properly. Instead, he sees people taking timber as a raw material to export and making a quick buck.

“When I started the business, the idea was to start something with the best Malaysian materials, with good designs, good branding in mind, and do something really original and Malaysian” , did he declare.

Image Credit: Papa’s Woods

The high-end, bespoke nature of Dad’s Woods pieces is a reflection of its mentality, as V-Ho believes that exclusive designs maintain the integrity of the product itself. After all, the nature of wood, and solid wood in particular, is already premium and the starting cost is already high.

All of the wood used in Dads Woods pieces is sourced locally, mostly from Peninsular Malaysia, although V-Ho is keen to explore different regions where possible.

The wood is made in Penang and some of the upholstery work is done in Semenyih, so even local craftsmanship is used to create Dad’s Woods pieces.

Overcome Challenges

When asked if he’s ever doubted his decision to go into a furniture business, V-Ho admitted he’s had his moments.

“When times are tough, like during the pandemic, you constantly ask yourself, ‘Why, why are you doing this? “”, he expressed. “You see your peers are still working, they are still getting their salaries. At the start of the pandemic, it was zero [income for us].”

At the time, Dad’s Woods hadn’t ventured into the e-commerce space, and V-Ho was confident that no one would buy his furniture online, what more during the pandemic.

“It is impossible for people to buy a sofa or a table at this price without having to see the product,” he recalled.

But still, cash flow was dwindling and they had to try something. The first thing the brand did was try to clear out their inventory. The products were sold at a reduced price.

On top of that, V-Ho also started designing new pieces and offering smaller trinkets.

Today, Dad’s Woods has over 8,000 subscribers, and V-Ho has realized that it’s actually possible to sell furniture even if physical stores are closed.

No longer a necessity

For the remainder of 2022, Dad’s Woods will focus on achieving short-term goals. In fact, V-Ho has already planned the whole year with new launches, shows and projects.

Image Credit: Papa’s Woods

“I would definitely like a studio in KL to meet my clients,” he added. “Right now, most of my clients travel to Penang to see me.”

During our interview, I asked him what he had said in a Home Journal article. He had mentioned that he got into the furniture business out of necessity. I wondered how that had changed over the years.

“I did this interview about two years ago,” V-Ho said. “The business is in a very different place now, so, I’m glad I made the decision, and…yes,” he finished with a smile, leaving behind his and Giselle’s accomplishments thus far. speak for themselves.

  • Learn more about Dad’s Woods here.
  • Read other articles we’ve written about Malaysian startups here.

Featured image credit: daddy’s wood

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