Supply Chain Intelligence about:

Lovesac

Company profile

United States

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Top HS Codes

HS 94 - Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, n.e.c.; illuminated signs, illuminated name-plates and the like; prefabricated buildings
HS 44 - Wood and articles of wood; wood charcoal
HS 83 - Metal; miscellaneous products of base metal
HS 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles
HS 39 - Plastics and articles thereof

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Recent Panjiva Research about Lovesac

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 →

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