Price hikes, trade cutbacks become more common as inflation worries widen May 18, 2021 Supply chain inflation has become an increasing preoccupation since U.S. import prices returned to inflationary territory in October 2020. Import prices excluding food and fuels climbed 7.2% on a sequential, annualized basis in April while the index reached its highest since Feb. 2013. A mixt... Read more →
Lovesac delivers rapid growth at higher freight costs, risk of component problems April 14, 2021 Lovesac has reported FQ4’21 (to Jan. 31) revenues which jumped by 40.7% year over year, beating analysts’ estimates by 11.5 percentage points, as the furniture maker benefited from a surge in stay-at-home demand. The firm faces “some headwinds from freight” expenses and new product launches ar... Read more →
Lovesac bags discounts, diversifies sourcing September 21, 2020 Lovesac, a furniture company known for its bean bags, experienced a 387% year over year growth in e-commerce sales in its latest quarter. The firm also mentioned successful supply chain strategies, with President and COO Jack Kruse noting the firm has three sources for the firm’s “Sactional” s... Read more →