The home and small office furniture segment is going through a metamorphosis of sorts, one that has been accelerated by the coronavirus pandemic in the U.S. but that has its roots in consumer lifestyle transitions and professional workstyle transformations that have been progressing for a generation.
Overstock has been awarded a U.S. government contract with the General Services Administration (GSA) as one of three online retailers providing business-to-business (B2B) e-commerce capabilities for federal agencies.
The merger of Bestar and Bush Industries occurred in time for the combined enterprise to address a market aligning with its core competencies, including e-commerce and product development, and ready to tap key product categories, including the home office furniture segment, such that the company anticipates adding 30 to 40 employees to its workforce in the coming weeks, said Mark Weppner, svp/marketing, design and engineering for the company.
Oxo is serving up sustainable housewares solutions with its new assortment of stainless steel straws.
Tractor Supply Company has named Melissa Kersey evp/chief human resources officer, effective July 20, 2020. Kersey will report to Hal Lawton, Tractor Supply’s president and CEO, and will serve on the company’s executive committee.
Springboard Futures, a style and consumer trend services firm founded by industry veteran Tom Mirabile, will host its “Black Influence and Inclusion in the Home Industry” webinar on Tuesday, June 30 at 1 p.m. EST.
To allow for greater consumer choice as to whether they want to buy or lease merchandise, Rent-A-Center has entered a partnership with ChargeAfter that will allow retailers to add a preferred lease option to ChargeAfter’s consumer point of sale financing product.
WellnessMats and Smart Step Flooring have launched the “All In This Together Program,” a set of unique standing solutions that honors health care and frontline workers, and a community coming together to combat COVID.
Big Lots has completed its previously announced sale and leaseback transactions with affiliates of Oak Street Real Estate Capital relating to its four company-owned distribution centers. Gross proceeds from the transactions were $725 million and net proceeds, after expenses and taxes, are expected to be approximately $550 million.
Macy’s is restructuring to align its cost base with anticipated near-term sales as the business recovers from the impact of the COVID-19 pandemic, including the closure of stores from March 18 through May 4, 2020 and gradual reopening.