Incollect 1-17-18
Market Watch

Houzz’s message to the design industry? We come in peace

market watch | February 14, 2018
Last week, as part of its ongoing effort to court the interior design industry, Houzz announced it had purchased the project management software company IvyMark for an estimated $30 to $40 million. On the surface, it seemed a relatively minor acquisition for a company that, just eight months ear... By Dennis Scully

As interest rates rise, home stocks get hit hard

market watch | February 7, 2018
Last week, shares of home stocks, including Restoration Hardware, Williams Sonoma and Ethan Allen, all fell, some by nearly 11 percent (compared to the 4 percent Dow Jones decline). In this week’s Market Watch column, Dennis Scully breaks down what this steep drop means for the home furnishings ... By Dennis Scully

Will building stores be spared from a retail apocalypse?

market watch | January 24, 2018
Over the past year as the Dow Jones Industrial Average has risen by over 30 percent, the prevailing wisdom on Wall Street has been to buy shares in the FANG stocks (an acronym for Facebook, Amazon, Netflix and Google) and avoid, at all costs, the so-called Retail Apocalypse stocks, like Macy’s, ... By Dennis Scully

How Modsy’s latest round indicates a tipping point

market watch | December 20, 2017
With a new $23 million Series B funding round* under her belt, Shanna Tellerman, founder and CEO of the revolutionary 3-D home design startup Modsy, sees the industry at a tipping point. *Series B is the second round of funding for a startup company. It is a sign that the business model appea... By Dennis Scully

Interior designers are part of RH’s arsenal against Amazon

market watch | November 21, 2017
E-commerce titan Amazon launched its inaugural two furniture collections on November 6. Ten days later, Gary Friedman, chairman and CEO of RH, the parent company of Restoration Hardware and Waterworks, held an investor day meeting at the site of RH’s newest brick-and-mortar, RH West Palm Beach. ... By Dennis Scully

Amazon takes aim at furniture retailers, profits be damned

market watch | November 15, 2017
Last week, another wave of low-priced, midcentury-inspired furniture came crashing down upon the online retail landscape, with enough force to sharply drive the shares of Wayfair, Restoration Hardware and the rest of furniture sector lower that same day. Amazon confirmed its long-rumored intenti... By Dennis Scully

Strong sales for Holly Hunt offset Knoll’s office struggles

market watch | November 1, 2017
In February of 2014, the office furniture giant Knoll announced that it had purchased Holly Hunt Enterprises for $95 million in cash, plus contingent future payments of up to $16 million. Fast-forward to 2017. In the most recent quarter, Holly Hunt’s stronger sales significantly helped to off... By Dennis Scully

Williams Sonoma’s plan to compete with Amazon: Great service, great stores

market watch | October 11, 2017
It’s plain to see that Laura Alber, the CEO of Williams Sonoma, is getting tired of answering questions about the declining state of the retail industry, and how her company hopes to compete with Amazon. Laura Alber Alber, who was in New York recently for an appearance at Recode’s ... By Dennis Scully

Goldman Sachs conference casts a spotlight on RH’S showman founder

market watch | September 20, 2017
As Matthew Fassler of Goldman Sachs took to the microphone to wrap up the final session of the Goldman Sachs Global Retail Conference on September 7, he expressed his delight in being able to end the afternoon by hearing from a company “that is having a great day.” The company was RH, the parent... By Dennis Scully

Gary Friedman’s RH wins the latest round against the short sellers

market watch | September 13, 2017
On the afternoon of September 6, as the regular session trading on the floor of the New York Stock Exchange drew to a close, after-hours traders sat waiting for RH, the parent company of Restoration Hardware and Waterworks, to release its financial results for second quarter of fiscal year 2017.... By Dennis Scully
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