HomeWorld Business

Trade Shows
New High Point Off-Market Events Debuting

With coronavirus-related shifts prompting buyers and vendors to consider new ways of doing business, opportunities for exhibitors to connect with retail customers via their High Point showrooms have emerged, according to the High Point Market Authority. For about 100 exhibitors, adaptive strategies include finding fresh ways to use their spaces at the venue to connect with buyers during off-market periods.

Appliances
DeLonghi To Acquire Capital Brands

DeLonghi has reached a definitive agreement with affiliates of Centre Lane Partners to acquire Capital Brands Holdings, Inc., a leader in the personal blenders segment with the Nutribullet and Magic Bullet brands.

Retail
Placer: Early Shopping Stirs Change In Unique Holiday Season

According to a Placer.ai whitepaper report, the 2020 holiday shopping season kicked into high gear long before the leaves changed colors, with consumer concerns over unemployment and uncertainty about meeting-up with friends and families to exchange holiday gifts prompting consideration of new ways to celebrate, not to mention Amazon’s shift of Prime Day.

Retail
NRF: Holiday Sales To Gain Between 3.6% And 5.2%

In a complex retail marketplace roiled by the COVID-19 pandemic, the National Retail Federation forecast that sales in the November and December holiday season will gain between 3.6% and 5.2% this year versus the 2019 period to a total between $755.3 billion and $766.7 billion.

Tabletop
Bobber Enters Beverageware Market

Bobber, a new manufacturer of vacuum-insulated drinkware, will debut its Tumbler, Flask and Jerrycan next month. The company said the new drinkware was created for on-the-go consumers that want simple, functional solutions.

Appliances
Café Debuts Specialty Drip Coffeemaker

Café appliances is kicking off a new small appliance line beginning with the launch of a specialty drip coffeemaker. The coffeemaker is part of the recent launch of a small electrics line from GE Appliances, a Haier company.

Retail
NPD: Stay-At-Home Lifestyles Driving Holiday Gains

The NPD Group’s Future of Home report predicts 15% year-over-year dollar growth for the home products sector during the fourth quarter as the COVID-19 pandemic, and the new habits it is prompting homebound shoppers to develop, continue to reorder the marketplace.

Executive Profile
2021 Retailers To Watch: Kohl’s

Kohl’s raced to national prominence on a clever proposition— take outlet-type bargains to the people, opening stores designed to compete with mid-tier and department store retailers in strip malls, closer to the homes of consumers it wanted to make customers.

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