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2024 Home Furnishings Industry Trend Guide

Storis

So, buckle up, home furnishings retailers; we’re ready to accelerate. We surveyed home furnishings retailers for insights on strategies to accelerate growth. More than 50% of those surveyed plan or use Generative AI for designing digital ads, writing content, and personalizing marketing.

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Ikea Plans $2.2 Billion Investment to Advance Omnichannel Presence

Retail TouchPoints

Plans include opening new stores, strengthening its fulfillment network and enhancing its regional product offerings to better reflect the needs of customers in different parts of the country. ramp up our fulfillment capacities and make our offer even more relevant to local customers’ needs and dreams.” billion in its U.S.

Planning 275
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Beyond Acquires Zulily, Plans to Revive Brand in Q2

Retail TouchPoints

The transaction excludes all of Zulily’s liabilities, liens and debts, as well as the company’s remaining inventory and two fulfillment centers, which advisory firm Gordon Brothers was engaged to sell off in late January 2024. plans to relaunch Overstock.com as a standalone site later this month. Beyond paid $4.5 Now Beyond, Inc.

Planning 264
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Ikea unveils US$2.2 billion expansion plan 

Inside Retail

Ikea is planning to invest more than US$2.2 According to Ikea, this is the company’s largest investment in the US in four decades, and it will focus on creating new stores and expanding fulfilment networks to serve more Americans. The expansion is a potential threat to Wayfair, At Home and other many mass-market players.

Planning 130
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How Ikea Australia plans to champion affordability and the shopping experience

Inside Retail

MV: In recent years, we have invested heavily in our journey as an innovative omnichannel retailer, opening Plan and Order Point locations in Greater Melbourne and Sydney, enabling us to be exactly where our customers need us to be, which is a key part of our growth strategy for Ikea in Australia.

Planning 130
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“Fairly unique”: How Ikea plans to do things differently in New Zealand

Inside Retail

But he believes current financial pressures, as well as Covid-19 restrictions, have highlighted the importance of a comfortable and functional home and led to increased demand for home furnishings, interior design and products that make life at home “a better place to be.”

Planning 130
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Wayfair Participates in Autonomous Trucking Pilot Along Dallas-Houston Corridor

Retail TouchPoints

Home furnishings retailer Wayfair will be part of a six-week autonomous delivery pilot this July and August along the I-45 corridor between Houston and Dallas. Hunt Transport Services will deploy the Waymo Driver solution, and will use J.B. Hunt 360 technology to automate processes such as check calls and transactions.