Robert Downey Jr. is best known for his performance as billionaire inventor Tony Stark aka Iron Man in the Marvel Cinematic Universe. He played the character in 2008's Iron Man, the first installment in what would become one of the most popular (and profitable) movie franchises ever. The actor bid farewell to the role when Avengers: Endgame hit theaters in 2019.
He walked away with a $75 million paycheck but fans still wonder if Downey Jr. will ever return to the MCU. While Marvel Studios continues to make superhero movies, we're taking a look back at the 55-year-old actor's time in the MCU. Specifically, the period Downey Jr. spent filming Captain America: Civil War.
'Captain America: Civil War' premiered in 2016
Captain America actor Chris Evans and Downey Jr. teamed up in Captain America: Civil War. While the actors are good friends in real life, their characters go head-to-head in the movie. Hitting theaters in May 2016, Captain America: Civil War continued the saga of the Avengers and brought together superheroes from across the MCU.
RELATED: Some MCU Fans Wish They'd Watched 'Captain America: Civil War' Without a Spoiler-Filled Trailer
Today, fans don't think it's that good compared to the rest of the Captain America movies in the franchise. Despite the lukewarm reception, there's no denying it's still entertaining.
Robert Downey Jr. shipped furniture to 'Captain America: Civil War' filming location
During the making of the superhero movie, the cast filmed on location in Georgia. As people who spend a lot of time away from home on movie sets, the actors have to get creative with their rented digs. Downey Jr. got really creative. When it came time to travel to Georgia, the father of three had all the furniture from his California home shipped to his temporary place.
Downey Jr. talked about it on Jimmy Kimmel Live! during a 2015 appearance with Evans.
"Lest I be thought of as some self-involved, snarky, 'he's got it all' thing: You know, you're away from home for a long time. And so, we thought … we bring the cats and the kids and … As a matter of fact, let's bring the house," he said.
RELATED: The $275,000 Gift Robert Downey Jr. Bought Chris Evans When Filming on 'Avengers: Endgame' Ended
Downey Jr., his wife Susan, and their two kids Avri and Exton made themselves at home in Georgia bringing the comforts of home with them. It worked out so well for the family it's now a regular thing when the actor has to film on location.
"Whenever he rents a place, he has all the same furniture sent so there's consistency from rental to rental," a source told Us Weekly in May 2015. "He does it for a sense of comfort."
Maybe a little extravagant, Downey Jr. might be on to something. His family's right at home when they come to his rented pad. Plus, he's got the money to cover the moving costs. The actor's net worth is estimated to be around $300 million. And his mansion in Malibu, California, with ocean views and a pool must be a hard place to leave.
One thing's for sure; we'll never think twice again about traveling with a pillow from home ever again!
RELATED: How Old Is Robert Downey Jr? Check Out the Gift He Gave Fans On His Birthday
33 INCREDIBLE MOMENTS FROZEN IN TIME #28 Cracked Me Up Hard!
I'm sitting at my picnic table as I write this. To my back is the kitchen window. I can hear my daughter's lilting voice, but I can't quite make out the words. I hear my wife too. She's laughing. As far as distractions go, it could be far worse. And I'm feeling chill anyway. I'm working outside and that makes all the difference.
Very specifically, the thing making the difference is my picnic table, the most zen piece of furniture I've ever owned.
Having a picnic table in the small side yard right next to my driveway has changed my life. My house is small, with a footprint of just over 700 square feet. It has two bedrooms, one for my daughter and another for me and my wife. My "office" is in the basement, but I come up for air and grumble when there are interruptions, which has created some conflict during the pandemic. Nobody is happy with this work from home arrangement and it gets really weird when I start asking my daughter's stuffed animals to go out and grab me a latte. Enter the picnic table. Now I can treat my driveway like an office or work in the yard.
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I'm wildly grateful for that freedom.
In my experience, the biggest problem with outdoor furniture is that it's terrible. Outdoor tables wobble and deck chairs either splinter or blow over in the wind. The surfaces are too small or the height is bizarre or the cost is prohibitive. If you're about to make a case for a better piece of outdoor furniture, that's fine. You spend your money. But, let me ask you this. When is the last time you went to a bar or a restaurant with outdoor seating and you were disappointed with a picnic table?
Now, to be clear, I'm not talking about metal or plastic or rubber picnic tables, here. I'm talking about wooden ones. The heavy kind that's really hard to lift and move. Something that you might find at a campground. I know the wood on this sucker will rot in the rain after a long time, but you know what? Wood is shockingly easy to replace. We obtained our picnic table used, and, as such, had to replace a few rotten panels. This wasn't as hard as I thought. Granted, my brother-in-law insisted on helping me (read: doing all of it) and I mostly watched him while standing six-feet-away sipping a beer, but it wasn't a struggle by any means. I liked that beer and I'm reasonably sure I could have gotten it done without the assist.
Picnic tables are also just nice. When she's done in her playhouse, my daughter can easily sit down on this thing and have a snack. As a family, we can decide at the last minute to have dinner outside on it. In the evenings, when my daughter is asleep, my wife and I can have a glass of wine and share a bench. And, guess what we can do on a picnic table, that we can't do on deck chairs? Look at each other. It's a bit kinky, but I'm not ashamed.
A picnic table makes a part of your house feel like you've gone somewhere else. And, at the point at which we're not sure when any of us will safely be able to eat outside at a cool brewery or have a date at a nice wine bar, having your own version of that is the next best thing. Actually, it might be better.
The $25.7 million dollar deal includes $10 million to compensate customers who paid deposits on orders that were never fulfilled.
DELAWARE, USA — A federal judge has cleared the way for the former owner of Levin Furniture to buy back the company and its assets, including several stores in Northeast Ohio.
On Wednesday, U.S. Bankruptcy Judge Christopher Sontchi approved Robert Levin's plan to revitalize his family's furniture brand. According to NBC affiliate WPIX in Pittsburgh, Levin announced last week that he reached a $25.7 million deal to buy back Levin Furniture out of bankruptcy months after a previous deal to save his company fell through.
In March, Levin announced that he was coming out of retirement to acquire the Ohio and Pennsylvania assets of Levin Furniture and Wolf Furniture through a court restructuring of the parent company Art Van Furniture, LLC. However, that deal fell apart when Art Van Furniture -- citing the COVID-19 pandemic -- closed its doors and terminated all employees across the entire company.
"I'm coming back as the owner of Levin Furniture for the employees who were at risk of losing their jobs," Levin said in the March statement announcing his return. "They are the most loyal, dedicated, and hardworking people I've ever known. It will be a privilege and honor to once again lead this company as we prepare to celebrate 100 years in the furniture and mattress business."
Court records show the approved bid includes a $10 million fund that will be set aside to compensate more than 1,000 customers in Ohio and Pennsylvania who paid for or made deposits on furniture that Art Van's owners never delivered.
Information will be posted on the company's website about how customers can get restitution. Details on which locations will be reopening and the timing will be announced at a later date.
Levin Furniture was founded in 1920 in Mount Pleasant, Pennsylvania by Robert Levin's grandparents. It has several Northeast Ohio locations, including Avon, Akron, North Olmsted, Mentor, Middleburg Heights, and North Canton.
The company will celebrate its 100th anniversary later this year.
Last week, Levin announced he reached a $25.7 million deal to buy back Levin Furniture out of bankruptcy months after a previous deal to save his company fell through. According to a release, Levin had previously reached an agreement with Art Van Furniture to buy back the company in March, but that deal fell apart when Art Van Furniture -- citing the COVID-19 pandemic -- closed its doors and terminated all employees across the entire company.
Robert Levin reaches deal to buy back furniture stores, reopen several locations
Raleigh, N.C. — Memorial Day is traditionally a big day for retail shopping, but as stores only reopened two weeks ago ease pandemic-related restrictions were eased, business remains a bit slow as both retailers and customers continue to adjust to the new rules.
"It's been a little slow over the weekend," said Kim Kyle, who run Steven Shell Furniture in Raleigh's Cameron Village shopping center.
When Steven Shell Furniture reopened about a week and a half ago, Kyle said she was expecting a surge in shoppers.
"People didn't bum rush like we thought, maybe, but the traffic has been slowly picking up," she said.
To help attract shoppers, the store is holding a "Welcome Back" and Memorial Day sale, with 20 percent off the whole store. Kyle said the store also is making its safety protocols known to make customers more comfortable.
"Every morning, we come in an hour early," she said. "We wipe down every piece of furniture, especially paying attention to the handles. We are using Lysol to disinfect."
Hand sanitizer is placed throughout the store, and masks are encouraged.
"We are just trying to do everything we can to keep everyone safe that works here, as well as visits the store," Kyle said.
In-person shopping is critical to furniture stores because customers like to get a feel for the items, she said. Because of that, customers are still allowed to touch pieces and test them out.
"There's a lot of physical touching to pick your right piece," she said.
Shopper Erica Reese, who was out Monday looking for antiques, agreed.
"I've been looking at Etsy and stuff to find different hand-made antiques, but nothing compares to in-person [shopping]," said Reese, who noted that she scouts out stores in advance to make sure they are cleaning properly.
"I just know the days that they are cleaning," she said. "It's clear that there's not that many people out there, which is good, and just knowing how thoughtful they're being about it is really important to me."
At The Original Mattress Factory, Vice President Reed Murphy said they provide customers with "a protective pillow and mattress sham that provides a barrier between them and the mattresses" so people can try out various mattresses.
"All OMF employees will be wearing masks, practicing social distancing and increasing cleaning and disinfecting practices," company President Greg Trzcinski said in a statement. "We will also be limiting the number of customers that are in our stores at one time."
At Ashley Homestore, common areas, door handles, countertops, computers, credit kiosks and other surfaces are being disinfected throughout the day, according to the company website.
Memorial Day weekend is here, which means it's time to light up your grill, pour the rosé and unwind in the great outdoors. While relaxing to the max should top your agenda, we also recommend taking advantage of the major furniture sales in honor of Memorial Day weekend — and many of them are already happening.
So whether it's a couch that's past its prime or a rug that's been trashed by pets and toddlers, if you're looking to invest in new pieces or simply refresh a lackluster space without breaking the bank, this is the time to do so. Check out the best sales from some of our favorite furniture retailers below. And if you're looking for even more sales, we've also rounded up more than 200 of the best deals to shop this weekend.
Wayfair
Leading furniture retailer Wayfair is always a destination for primo discounts, but its Memorial Day deals are officially some of the best in the business, with everything up to 70% off through May 26.
Bedroom furniture starts at just $99, and the Novogratz Bushwick Platform Bed ($177.66, originally $276.78; wayfair.com) is a crazy cheap way to reinvent your space. We love the metal finial head and footboard, and the fact that the bed has more than 10,000 reviews. Also, since we're all going to be spending more time in our personal outdoor spaces this summer, make sure yours is ready to go with the Kelton 10-Foot Market Umbrella ($88.99, originally $119.99; wayfair.com), which has a tilting mechanism so you can adjust the canopy angle throughout the day. Another outdoor must-have? This Hartington Folding Chair ($207.99, originally $299; wayfair.com). It comes in 50 colors, is made of plastic and folds flat for easy storage.
Overstock
Now through June 1, Overstock is offering up to 70% off of thousands of items, plus free shipping — no matter the product size. Read: It's time to buy that patio set! Looking for an affordable and reliable mattress? The Lucid Comfort Collection 10-inch SureCool Gel Memory Foam Mattress (starting at $163.99; originally starting at $259.99; overstock.com) has more than 10,000 positive reviews and is majorly on sale right now.
The Container Store
Get the closet of your dreams for a fraction of the price now through the end of June at The Container Store, where closet essentials like shoe storage and drawer organizers are 25% off. The really exciting deal, however, is that everything Elfa — entire closets even! — is now 30% off. The Elfa Decor 6-Foot Birch and Platinum Closet, for example, is now $1,156.40 versus the regular price of $1,652.
Burrow
Modular seating brand Burrow has expanded into tables, rugs, pillows and wall shelves, and all of the retailer's offerings are steeply discounted for Memorial Day. Receive 10% off any purchase under $1,499. After that take $200 off orders of $1,500 or more; $250 off orders of $1,800 or more; $300 off orders of $2,200 or more; $400 off orders of $2,600 or more; $500 off orders of $3,000 or more; and $600 off orders of $4,000 and up with code MDW.
Your best bet at Burrow is, first and foremost, the seating. The Block Nomad Loveseat with Ottoman ($1,161, originally $1,290; burrow.com) has nearly 900 positive reviews, reversible cushions, stain-proof fabric and a built-in USB charger, so you can charge your phone without getting up. Small space dwellers will appreciate the Bento Coffee Table ($445.50, originally $495; burrow.com), which features built-in storage and three rearrangeable, removable trays.
If you go for a modern aesthetic and love some clean lines, look no further than AllModern. Starting on May 19, the retailer is offering up to 65% off everything, with an additional 15% discount with the code LETSGO.
We're partial to the Walmsley Gray Area Rug (starting at $36, originally starting at $72; allmodern.com), which has more than 9,000 positive reviews and comes in five neutral hues. If you've been considering scooping up some bar stools for your kitchen counter, the Neil 2-Piece Set ($152, originally $297; allmodern.com) is a solid deal, and it comes in two height options. And if it's your bedroom that needs to be revitalized, look no further than the Harry Upholstered Platform Bed (starting at $196, originally $219.90; allmodern.com), which has a 4.8-star rating and nearly 15,000 reviews, with its sturdy steel construction and sleek tufted headboard.
Birch Lane is offering everything from wall art and lighting to rugs and furniture at up to 70% off this weekend, with an additional 15% discount starting May 20 and running through May 26 with the code SWEET.
Topping our list of best deals on the site is the Nadine 7-Piece Dining Set ($590, originally $1,224; birchlane.com), which has more than 1,400 reviews and a 4.7-star rating. Alternatively, head to your backyard to create the outdoor living room of your dreams with this ultra-chic Goldrick 4-Piece Sofa Seating Group ($510, originally $1,007.78; birchlane.com). And if it's your dining room that's begging for some much-needed organization, the Eustace 70-Inch Wide Acacia Wood Sideboard ($560, originally $1,199.98; birchlane.com) will wrangle all your stemware while also lending some serious style to the space.
Build.com
While the name might suggest otherwise, Build.com carries much more than just construction site tools. Head to the retailer for everything from kitchen appliances and bathroom vanities, to furniture, decor and more, all of which is up to 70% off through the end of the month with promo code MEMORIALDAY.
If your bathroom needs a revamp, the Miseno Marvin 36-Inch Free Standing Single Vanity Set ($926.46, originally $1,089.95; build.com) offers lots of bang for your buck — it comes with a marble countertop, ceramic sink and storage galore. Plus, considering our work-from-home situations might be lasting longer than we first expected, now is a good time to invest in a proper desk. We love this rust Delacora 48-Inch Wide Desk ($255.20, originally $319; build.com), which includes two built-in outlets, a drawer and open shelving. And since one of the many facets of "adulting" is having a wine fridge, the EdgeStar 30-Inch Wine Cooler ($1,215.05, originally $1,279; build.com) holds 56 bottles and has French doors that are as fancy as they are sleek.
Pier 1
Mixing funky patterns with stately designs, Pier 1 is always a go-to for everything from plates and decor to outdoor seating and more — and lucky for us, it's all majorly on sale this weekend, with discounts ranging from 25% to 40% off everything.
Known for its beloved Papasan chair, Pier 1 also offers the Swingasan Mocha Hanging Chair ($179.97, originally $299.95; pier1.com), a hanging, al fresco version of the favorite that is equal parts dreamy and bohemian. All of the brand's outdoor furniture is 40% off. Heading back inside, fill one of your room's empty corners with this Laila Collection Buffalo Check Gray & White Armchair ($299.99, originally $399.99; pier1.com), which comes in nine colorways and is a steal at just under $300.
If vivid color and patterns are your thing, then head to Society6 this weekend, where wall art is 40% off; home decor, including rugs, wallpaper and throw blankets, is 30% off; and everything else — like colorful credenzas, outdoor sling chairs and folding tables — is reduced by 20 % for the holiday.
Chock full of whimsical prints and bohemian vibes, Society6's ultra-durable Floor Pillow ($55.99; originally $79.99; society6.com) comes in two shapes (circular and square) and more than 1,000 prints. The all-weather Outdoor Floor Cushion ($69.30; originally $99; society6.com) version is equally cute and a great way to zhush up your outdoor living room without spending a fortune this summer. If you're in desperate need of an affordable way to fill your walls with art, look no further: This Lily Pond Lane Art Print by Beth Hoeckel ($16.19; originally $26.99; society6.com) is now under $20 and is a top seller, too, with more than 16,000 likes.
Luxury furniture retailer Arhaus is rolling out discounts up to 40% off for the entire month of May, making it a great time to invest in some of the brand's bigger ticket items. Top on our list of favorites is the Cascade Grey Chandelier ($999, originally $1,339; arhaus.com), the Pelton Swivel Chair ($599, originally $899; arhaus.com) and the massive Grey Log Outdoor Fire Table ($809.10, originally $2,199; arhaus.com), which is sure to make any nighttime gathering much cozier (and warmer!).
The mega retailer known for its furniture, home decor, lighting, rugs and more is offering up to 70% off everything from May 21 to May 27.
Sale standouts include the rustic Feinberg Solid Wood Bar & Counter Stool ($260, originally $456.17; jossandmain.com), which has nearly 800 positive reviews and will fit in perfectly with the farmhouse kitchen trend du jour. The stately Thackeray Armchair ($264, originally $374.99; jossandmain.com) is a wise investment, too, and will fit with midcentury modern and contemporary aesthetics alike.
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the permanent loss of capital. So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. We can see that Hooker Furniture Corporation (NASDAQ:HOFT) does use debt in its business. But is this debt a concern to shareholders?
When Is Debt Dangerous?
Debt is a tool to help businesses grow, but if a business is incapable of paying off its lenders, then it exists at their mercy. Ultimately, if the company can't fulfill its legal obligations to repay debt, shareholders could walk away with nothing. However, a more common (but still painful) scenario is that it has to raise new equity capital at a low price, thus permanently diluting shareholders. Having said that, the most common situation is where a company manages its debt reasonably well - and to its own advantage. The first thing to do when considering how much debt a business uses is to look at its cash and debt together.
See our latest analysis for Hooker Furniture
What Is Hooker Furniture's Debt?
The image below, which you can click on for greater detail, shows that Hooker Furniture had debt of US$30.1m at the end of February 2020, a reduction from US$35.5m over a year. But it also has US$36.0m in cash to offset that, meaning it has US$5.92m net cash.
How Strong Is Hooker Furniture's Balance Sheet?
Zooming in on the latest balance sheet data, we can see that Hooker Furniture had liabilities of US$50.1m due within 12 months and liabilities of US$69.5m due beyond that. Offsetting this, it had US$36.0m in cash and US$88.4m in receivables that were due within 12 months. So it can boast US$4.85m more liquid assets than total liabilities.
This short term liquidity is a sign that Hooker Furniture could probably pay off its debt with ease, as its balance sheet is far from stretched. Simply put, the fact that Hooker Furniture has more cash than debt is arguably a good indication that it can manage its debt safely.
It is just as well that Hooker Furniture's load is not too heavy, because its EBIT was down 58% over the last year. When a company sees its earnings tank, it can sometimes find its relationships with its lenders turn sour. There's no doubt that we learn most about debt from the balance sheet. But ultimately the future profitability of the business will decide if Hooker Furniture can strengthen its balance sheet over time. So if you're focused on the future you can check out this free report showing analyst profit forecasts.
Finally, while the tax-man may adore accounting profits, lenders only accept cold hard cash. While Hooker Furniture has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance. Over the most recent three years, Hooker Furniture recorded free cash flow worth 55% of its EBIT, which is around normal, given free cash flow excludes interest and tax. This free cash flow puts the company in a good position to pay down debt, when appropriate.
Summing up
While it is always sensible to investigate a company's debt, in this case Hooker Furniture has US$5.92m in net cash and a decent-looking balance sheet. So we don't have any problem with Hooker Furniture's use of debt. The balance sheet is clearly the area to focus on when you are analysing debt. However, not all investment risk resides within the balance sheet - far from it. Case in point: We've spotted 2 warning signs for Hooker Furniture you should be aware of.
Story continues
At the end of the day, it's often better to focus on companies that are free from net debt. You can access our special list of such companies (all with a track record of profit growth). It's free.
Love or hate this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Thank you for reading.
Don't let shabby or outdated furniture stop you from enjoying your outdoor space, especially if you're going stir crazy from so much time spent indoors. With Memorial Day sales in full swing, pretty much every major home retailer, from Wayfair to Crate & Barrel, is running some kind of outdoor decor promotion at the moment. What better excuse do you need to spruce up your terrace, backyard, or patio?
If you want to go all out, outdoor couches and full patio sets have never been cheaper. A new dining set will help you better enjoy al fresco dinners, and a chaise lounge might be a consolation price for any cancelled summer vacation plans. Accents like outdoor ottomans, string lights, or potted plants are like instant upgrades if you don't want to make any big purchases. No matter what your plans may or may not be this summer, we could all use some fresh air and more time outdoors.
Shop all the best on-sale outdoor furniture below, and check out our master list of the Best Memorial Day sales for great discounts in other categories, too.
Patio Sets on Sale Lindsey 4-Piece Sofa Seating Group with Cushions
572 1007 Save $435.78 (43%)
BUY FROM ALLMODERN
If your design aesthetic is sleek and modern, this four-piece set will be a wonderful addition to your outdoor space. The sofa, chairs, and table are made from sturdy eucalyptus wood and steel hardware and the pillows are included. Reviewers note that assembly is simple, so all you'll have to do is spend a short amount of time assembling the set and you're good to go. The set is marked down to $572 from $1,007.78 with an additional 15% off using code LETSGO.
This four-piece set comes with three water-resistant woven wicker seating options — a sofa and two chairs — as well as a powder-coated steel frame and woven resin wicker table. The cushion covers are washable, making the set easy to maintain, while the neutral color scheme make this set versatile and easy to incorporate in your outdoor space. Typically $1,039, this set is currently on sale for 39% off, ringing in at $629.99.
This brushed aluminum five-piece set includes a love seat, sofa, chair, coffee table and end table. The frames are UV-resistant and resistant to rust, weather and water but while the set is sturdy, it's still fairly lightweight and can be moved easily to accommodate any setup. Originally $4,661.46, this set is on sale for $3,000 and you can take an additional 15% off using code SUMMER.
This three-piece rattan set, which includes two bucket chairs with cushions and a small table, is a solid option for small outdoor spaces. The all-weather wicker would blend with modern or bohemian decor styles, and could also work as an accent for larger patio setups. Originally $524, the set is currently marked down to $281 — and the code LETSGO gets you an additional 15% off.
This two-toned brown and black set comes with white cushions and will match a wide range of decor styles. The set is sturdy, but its slim and sleek design makes it ideal for small outdoor spaces. Each item in the set is priced at $185, but using code LETSGO, you can take an extra 15% off.
Dining Sets on Sale Windsor 9 Piece Outdoor Patio Dining Set
1299 3096 Save $1796.64 (58%)
BUY FROM WAYFAIR
This nine-piece dining set comes with eight chairs and a rectangular table made of water-resistant plywood planks and an aluminum frame. The neutral colors make this dining set easy to style and decorate. While you would normally be able to buy the set for $3,096.63, it's on sale for $1,299.99, so you can save 58%. Let the al fresco dinner parties begin.
Complete with six chairs and a rectangular table, this seven-piece dining set is the perfect place to eat while outside. Both the chairs and table are constructed from a white powder-coated aluminum frame and the table features a slatted wood top. The chairs are stackable, so storing this set when it isn't in use is simple. You can take 57% off of the typically-$5,998 set at $2,600 and an additional 15% off when you use the code SUMMER.
This five-piece dining set comes in brown or gray hardwood that is wire-brushed for a rustic finish. Up to eight can be seated at the table on either one of two chairs or one of two benches. The table has an umbrella hole in the center should you opt for more shade. Using code SAVEMORE, you can get this set for $1,647, 25% off of its original price.
Outdoor Sofas on Sale
Although this sofa is made from synthetic materials to replicate the look and feel of wicker, it doesn't compromise on appearance or function. This sofa can be left outside year-round due to its durability and resistance to sun and rain. The cushions are made from foam that is specially designed for fast water drainage and air circulation, adding to the sofa's functionality. You can save 20% when you buy this sofa at $1,899, marked down from its original price of $2,374.
Veer away from tradition a bit with this elegant curved sofa. The neutral finish can be customized with different colored water, mold and mildew-resistant cushions from colors already in stock to made-to-order colors. Using code LIVEWELL, you can save 20% when you buy this sofa for $2,638.40.
This handwoven wicker sofa has a sort of laidback, tropical feel. Both the wicker and the cushions are resistant to the elements and two bolster pillows are included. Take 25% off the originally-$1,699 sofa using code SAVEMORE and get this sofa for $1,274.25.
Outdoor Lounge Chairs
Sit back and recline at four angles on this teak chaise lounge from Serena & Lily. The wood is weather-friendly, the cushion colors can be customized and there's even a hidden pull out tray perfect for holding drinks, books or whatever else you like to have nearby. Use code LIVEWELL to take 20% off and purchase this chaise for $1,918.40, down from its original $2,398.
You can sit comfortably in this cozy chair with a swivel base. Made of handwoven, durable synthetic materials to recreate a more weather and elements-resistant rattan, this chair can be left outdoors throughout the year in sun or shade. You can take 30% off the otherwise $1,249 chair and pay $874 instead.
Enjoy nature and the outdoors in this classic folding chair, better yet, from these two classic folding chairs. You can get the set of chairs in white, orange, or blue acacia wood. Each chair is $125.
Outdoor Accents and Accessories on Sale
Spruce up your patio with this durable rug made from 100% recycled polyester. Featuring a geometric pattern, this rug is reversible, durable and made to be just as soft as wool. Save 68% on this shed-resistant rug and buy it for $199.99 instead of the original $599.
Architectural and yet functional, this unique piece brings a lot to the (coffee) table. Made from hand-chiseled desert stone, the terrazzo tabletop can be removed if needed. While the coffee table is normally $3,749, you can take 25% off and buy it for $2,811.75.
Serve all sorts of drinks from iced tea to cocktails this summer using this two-tiered serving cart. Drinks aren't the only things you can serve with this cart; you can also use the cart as a decorative piece for potted plants and other smaller items. You can buy this cart for $139.99, marked down 90% from its original price of $1,340.04.
Christy Sports Patio Furniture Memorial Day Sale, 2019
Americans are spending more on outdoor lounge furniture as they spend more time at home. FOX Business' Grady Trimble with more.
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Even when the coronavirus was at its worst in the U.S., real estate and furniture companies remained open and operational as essential businesses. Despite the convenience of having these services available, consumers have been concerned about how they can keep themselves safe while they shop for these important purchases.
CORONAVIRUS HEALTH TIPS TO USE WHILE STATEWIDE SHUTDOWNS EASE
FOX Business spoke with two industry insiders to get their best COVID-19 shopping tips.
How to safely shop for a house?
Commercial real estate investor Marina Vaamonde has implemented COVID-19 safety measures while she has worked with clients in Houston, which can be helpful to any consumer who is looking to buy a new home during the pandemic.
"Don't make unnecessary pit stops with your real estate agent while you are looking at properties," Vaamonde told FOX Business. "If you plan on being out for a while, bring drinks and snacks along for the trip."
ZILLOW RESUMES HOME-BUYING BUSINESS
She also advises consumers to wear personal protective equipment when viewing a home, which includes gloves and face coverings. Additionally, she recommends consumers take their shoes off at the door and try their best to not touch common surfaces.
As an alternative, virtual or self-led tours can be requested to minimize contact with other parties.
For high-rise properties, Vaamonde urges social distancing and capacity limits on elevator rides or opting for the stairs.
When it comes down to communicating with your real estate agent, Vaamonde says consumers should refrain from scheduling "unnecessary face-to-face meetings," and use messaging or video call services instead.
Methods like these can also be applied to a virtual closing.
WAYFAIR'S ONLINE FURNITURE SALES BOOSTED BY CORONAVIRUS SHUTDOWN
"You don't have to physically have to go to the title company to sign your closing or loan documents," she explained. "All documents can be sent to your home with an authorized mobile notary who will attest to your signature."
Vaamonde added, "Leave your pre-pandemic social etiquette behind. There is nothing wrong with keeping your distance and letting the individual around you know your boundaries. If someone is getting too close for your comfort, speak up."
How to safely shop for furniture?
Since states are in the early reopening stages and most major furniture companies haven't revealed in-store sanitation practices and are pushing curbside pickup or delivery instead, the safest bet is to shop online.
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Jon Cheney, the CEO and co-founder of SeekXR, an augmented reality and 3D viewing tech company, told FOX Business that furniture websites that "already have AR capabilities in place are better prepared as consumers are able to use their smartphones to view products and bring to life how they'll look in their home."
Brands like Overstock and Raymour and Flanigan are using SeekXR's technology to make online furniture shopping easier with true-to-size views. All consumers need to do is select an item they're interested in and check out how their selection looks and scales in their room by aiming their smartphone in a designated area, so "they can safely experience a product before they buy it."
Although augmented reality is helpful on the social distancing front, it doesn't quite replace the feeling of sitting down in a chair to check its comfort or putting weight on a table to check its sturdiness. However, looking up reviews on furniture websites may help you make an informed decision before you commit.
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For curbside pickups and deliveries, hand hygiene and PPE should be a top priority to reduce the chance of infection.
Stay At Home With Lifestyle Experts Amid The Coronavirus
Shop your way from the comfort of your home for new furniture and decor.
HOUSTON — With all of this time at home... It's given us time to reflect on the things we love... and hate about our home... mostly because we've been left to stare at it for days.
If you're feeling like it's time to change things up and the beigh-ish couch has to go, watch how you can shop from home at Ashley Homestore.
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This year, the search for the best outdoor furniture has taken on a newfound importance. During a normal summer, a night out at a restaurant or a beach vacation were social staples. Due to the COVID-19 pandemic, however, many of us will spend these warm-weather days at home. So sprucing up your space (whether it's a balcony, patio, rooftop, or backyard) is necessary for some fun in the sun—and, well, sanity.
Let's start with the most basic of basics: a place to sit. A slingback chair is perfect for those who need something simple. They're affordable and lightweight (therefore easy to shift six feet apart). Looking to make a more permanent investment? You can't go wrong with a classic Adirondack—or a sky blue, super-plushy cushioned lounge chair.
No summer night is complete without an al fresco meal, but you'll need the right dining set to make that happen. For urbanites, a bistro set is a chic and space-conscious choice. (Also, some advice: order in a pop of color, as it does wonders against concrete.) If you have an expansive lawn or patio and love to entertain, invest in a full dining set. Afterwards, please invite me over for a cocktail or two.
And don't forget the accessories: a wicker lantern, a bar cart, and a rotund fire pit (really).
Below, the 37 best pieces of outdoor furniture, whether you're a city-dweller, country-lover, modernist, or traditionalist.
Chairs
From easy-to-move slingbacks to the cushy lounger you'll never want to get up from, here are the perfect seats to drink rosé in all summer.
Couches
The outdoor couches you, your family, and (quarantine chosen) friends will love.
Bistro Sets
Just the things for your next city cocktail hour, balcony tête-à-tête, or even outdoor office.
Dining Sets
For the entertainer looking to make their poolside patio the place to be this summer.
Accessories and Accents
After you order the basics, get something to add a bit of spark—perhaps literally, with a fire pit.
Budget DIY Backyard Patio Decor and Makeover | Backyard Transformation Before + After
Overstock.com CEO Jonathan Johnson discusses the various products consumers have bought from the online retailer during the coronavirus outbreak.
After months of staying indoors, Americans are investing in their outdoor spaces.
Furniture retailers have seen a spike in outdoor home items like patio chairs, gardening tools, pool floats and grills with stay-at-home orders still in place in many states due to the coronavirus pandemic and what's looking like a stagnant summer for travel lovers.
More people are investing in outdoor furniture ahead of summer during the coronavirus pandemic.
Overstock.com saw patio furniture sales increase a whopping 225 percent year over year since April 1. Outdoor recreational items like pool and gardening items saw 360 percent year-over-year growth since April 1. The outdoor recreational item sales outpaced Overstock.com's top-selling category, office furniture, which saw 270 percent year-over-year growth during the same time period.
LUXE HOME OFFICE OPTIONS DURING CORONAVIRUS PANDEMIC EXPAND TO BACKYARDS, LIVING ROOMS
"The growth we've seen this year is larger than we have ever seen before. People are finding that the more time they spend at home, the more time they want to have those things that make it more meaningful and, more beneficial, and a functional and fashionable outdoor space is playing a big part of that," Ron Hilton, Overstock's chief sourcing and operations officer, told FOX Business in a statement.
And Bed Bath & Beyond in April had an 85 percent increase in its digital sales growth, a spokesperson for the company confirmed to FOX Business. The retailer's online outdoor furniture and patio business is up approximately 88 percent over the last four weeks.
While Hilton said sales for outdoor furniture items tend to heat up when the weather gets warm, the sales boom has been unusually high with more people sheltering in place as a result of COVID-19. And more people seem to have been shopping around the time the government issued Americans stimulus checks.
The sales uptick in outdoor furnishings also comes as Americans seem to be filling their idle time with DIY home improvement projects like remodeling rooms, planting their own gardens or repainting. And while a slew of retailers has filed for bankruptcy due to COVID-19-related store closures, the home furniture market is seeing continued growth.
"People are viewing home as the place where they're going to be and home furnishings are no longer a discretionary purchase," Overstock.com CEO Jonathan Johnson told FOX Business' Liz Claman earlier this month.
This summer is surely going to be different, but that doesn't mean you can't make the best of it. You can add some fun into your new routine by shopping for new swimsuits, turning your backyard into your own personal water park, and updating your patio with attractive new finds. Spicing up your outdoor space with sun chairs, patio umbrellas, or hammocks can make it feel brand new, plus it provides comfy spots for some much-deserved R&R.
And you don't have to spend a fortune to create an oasis. Everything there is to update your outdoor space is now on sale at Anthropologie. While it's known for colorful and eccentric clothing (and amazing-smelling candles), the brand also sells beautiful and high-quality outdoor furniture that, for now, is all 30 percent off (or more).
RELATED: Old Navy Just Launched Cloth Face Masks for Adults and Children — and You Can Get 5 for Only $13
The sale features truly unique patio essentials. Instead of one-toned patio umbrellas, there are bright and floral options that look like happy summertime weather in print form — and they're $90 off. If your typical patio chairs aren't doing your body justice, Anthropologie is selling hammocks that look as comfortable as any bed after a long day of work; the weather-resistant Vineyard Hammock is handcrafted using soft yarn material.
Other must-have sale options include foldable sling beach chairs that are perfect for sun-bathing. Imagine reading outside and sitting back on their reclined seats — talk about restful. And for those wanting to add a pop of color, the retro Acapulco chair comes in yellow, pink, and olive, plus it's $100 off.
Anthropologie's outdoor furniture sale is a treasure trove whether you're trying to do a complete backyard makeover or just adding a few eye-catching accents to your outdoor space. Below, shop some of the best deals available now.
The MarketWatch News Department was not involved in the creation of this content.
May 16, 2020 (CDN Newswire via Comtex) -- MarketsandResearch.biz adds a new report titled Global Furniture Locks Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2026 to its online database. The report offers a detailed overview of the factors, the latest market insights with upcoming trends, and breakdown of the products and services. The report presents information on industry trends, top manufacturers, product, material and application, and manufacturers. The study provides key statistics on the market status, size, share, growth factors of the global Furniture Locks market. The report is formulated with respect to the regional landscape of the market incorporating extensive details about the types and application spectrums of this business space. The document covers the emerging player's data, including competitive situation, sales, revenue, and global market share.
Market Outline:
The report analyzes the global Furniture Locks market size and share of each separate segment in the market. Substantial information about the company revenue, production, price, as well as gross margins has been provided. In addition, it delivers details regarding the basic information of every prominent rival in the business, manufacturing base, and the business overview, as well as SWOT examination, sales, value, capacity, regional market examination, and market forecast for 2020 to 2026 time-period. The key geographical regions are analyzed in terms of the parameters such as production, market share in terms of the manufacturers as well as with regards to application and type. A detailed analysis of the market drivers and the emerging regional markets has also been segmented separately in the report.
Based on the product types, market types split into: Type I, Type II
By application, the market is split into: Application I, Application II
Our best analysts have surveyed the market report with the reference of inventories and data given by the key players: Steelcase, Herman Miller, Haworth, HNI Corporation, Okamura Corporation, Global Group, KI, Teknion, Knoll, Kinnarps Holding, Kimball Office, Kokuyo, ITOKI,
Market size segmentation by region & countries: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Executive Outline: This section comprises the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers. It discusses gross margin, sales, revenue, production, market share, CAGR, and market size by region. The report offers a complete forecast of the global Furniture Locks Market by product, application, and region.
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This report will give you an unmistakable perspective on every single reality of the global Furniture Locks market.
The report gives all of you the realities about the past, present, and eventual fate of the concerned market.
Customization of the Report:
This report can be customized to meet the client's requirements. Please connect with our sales team (sales@marketsandresearch.biz), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on +1-201-465-4211 to share your research requirements.
About Us
Marketsandresearch.biz is a leading global Market Research agency providing expert research solutions, trusted by the best. We understand the importance of knowing what global consumers watch and buy, further using the same to document our distinguished research reports. Marketsandresearch.biz has worldwide presence to facilitate real market intelligence using latest methodology, best-in-class research techniques and cost-effective measures for world's leading research professionals and agencies. We study consumers in more than 100 countries to give you the most complete view of trends and habits worldwide. Marketsandresearch.biz is a leading provider of Full-Service Research, Global Project Management, Market Research Operations and Online Panel Services.
Contact UsMark StoneHead of Business DevelopmentPhone: +1-201-465-4211Email:sales@marketsandresearch.bizWeb:www.marketsandresearch.biz
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Watch Full Coronavirus Coverage - May 15 | NBC News Now (Live Stream)
From producing medical shields to making hospital gowns, a bunch of home design brands are giving back during the ongoing pandemic. Now, La-Z-Boy is joining in by donating furniture to nurses working on the frontline and rallying support for the medical community.
On Thursday, La-Z-Boy brand ambassador Kristen Bell took to Instagram to announce the furniture company's new "One Million Thanks" campaign. Created to honor health care workers on the frontlines of the coronavirus pandemic, the campaign is encouraging the online community to create a million different ways to say "thank you" to health care workers. Anyone can join and help create a show of support for frontline medical workers by tagging #OneMillionThanks.
"People at home are passing their time and spreading joy in unique and creative ways," La-Z-Boy CEO Eli Winkler said in a press release. "We want to unite all that creativity floating around social media channels to collectively say 'thank you' to healthcare workers."
As part of the campaign, La-Z-Boy is donating a million dollars worth of furniture to nurses working in areas that have been disproportionately impacted by COVID-19. They'll receive a free sofa, chair or recliner "to make life a bit more comfortable."
"I'm in awe of our country's frontline healthcare workers and their continued selfless efforts," Bell said in a statement. "They have made countless personal sacrifices to care for our friends, families and loved ones. The La-Z-Boy 'One Million Thanks' campaign is our opportunity to show these American heroes our gratitude and offer them much-needed love and comfort with La-Z-Boy furniture."
Story continues
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Kristen Bell is partnering with La-Z-Boy to show her appreciation for essential workers.
Bell shared the news on Instagram that the furniture brand is set to donate $1 million worth of furniture to frontline nurses. The actress gave a token of her own appreciation along with the announcement by writing out "Thank You Essential Workers" in chalk.
More from Footwear News
For the video, Bell kept on the casual side in a cropped white T-shirt and bright green drawstring sweatpants.
Her relaxed ensemble also included a pair of shoes from celeb-favorited brand Allbirds. The sustainable sneakers are the brand's classic Wool Runner silhouette made from renewable, responsibly sourced materials including eucalyptus tree fibers; they retail for $95 at Allbirds.com. The "Veronica Mars" alum has long been a fan of Allbirds sneakers, having recommended the San Francisco-based label to fans in a 2017 holiday gift guide.
On top of sustainable styles, Bell oftentimes steps out in chic pumps and boots courtesy of Stella Luna, Loeffler Randall, Jimmy Choo and more. Guided by celebrity stylist Nicole Chavez, the actress has suited up in recent months in stylish wares from the likes of Proenza Schouler, Rochas and Cong Tri.
Check out these additional sustainable styles to turn your shoe closet feeling eco-friendly like Kristen Bell's.
Story continues
To Buy: Onitsuka Tiger 81 Sneakers, $80.
To Buy: Toms Carmel Sneakers, $50.
To Buy: Native Shoes Jefferson 2.0, $75.
Click through the gallery to see more of Kristen Bell's chic style evolution.
All products featured have been independently selected and curated by our editorial team. If you buy something through our retail links, we may earn commission and the retailer may receive certain auditable data for accounting purposes.
Launch Gallery: Kristen Bell's Red Carpet Style Evolution
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May 13, 2020 (CDN Newswire via Comtex) -- Global Luxury Furniture Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2026 designed by a detailed investigation procedure explores the market in terms of revenue and emerging market trends and drivers. The report includes an up to date analysis and forecasts for various market segments, major players, and all geographical regions till 2026. The report offers market analysis and opportunity analysis to estimate the market size. The report presents a forecast of the various segments and sub-segments by categorizing the global Luxury Furniture market by top players/brands, region, type, and end-user. The research acknowledges major industry vendors, key regions, demand & supply, applications, technology, revenue cost, and challenges.
The report examines the global Luxury Furniture market status, market share, growth rate, future trends, market drivers, opportunities and challenges, and competitive landscape. It analyzes the crucial regional markets covering including the product price, profit, capacity, production, supply, demand, and market growth rate. All the top market players are analyzed with their competitive structure, development plans, and regional presence. It also delivers accurate data on Luxury Furniture production, capacity, price, cost, margin, and revenue to get an understanding of the overall existing and future market situation.
The report discusses the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors, etc. The growth factors of the global Luxury Furniture market are discussed in detail and the different end users of the market are explained in detail. The complete profile of the companies is features that evaluate the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and technological developments.
Primitive vendors included in the market are: Steelcase, Ashley Furniture Industries, Inter IKEA Group, Sears Holdings, Haworth, Herman Miller, HNI, Kimball International, Knoll, KOKUYO Furniture, Poltrona Frau, Masco, Poltrona Frau, Mercury Row, Red Barrel Studio,
The market is divided into product type which includes the revenue, price, production, growth rate, and market share for each of its product types: Chairs, Tables, Upholstery, Others
The market is divided into end users which also focuses on the market size, sales volume, growth rate and market stake for of the end-users: Corporation, Hospitality Industry, Shop-fitting Industry, Others
The market include major geographical regions that include: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Marketsandresearch.biz is a leading global Market Research agency providing expert research solutions, trusted by the best. We understand the importance of knowing what global consumers watch and buy, further using the same to document our distinguished research reports. Marketsandresearch.biz has worldwide presence to facilitate real market intelligence using latest methodology, best-in-class research techniques and cost-effective measures for world's leading research professionals and agencies. We study consumers in more than 100 countries to give you the most complete view of trends and habits worldwide. Marketsandresearch.biz is a leading provider of Full-Service Research, Global Project Management, Market Research Operations and Online Panel Services.
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How Two Companies Dominate The $67 Billion Art World
Considering that Jay Dillon is expanding his outdoor furniture business in the middle of a global pandemic, things are going well.
Dillon's company, Yardbird, which uses repurposed plastic debris from the ocean to make the furniture, had been planning to expand from its base in Minneapolis to Denver, Kansas City and Detroit. The novel coronavirus then broke out in China and other Asian countries where the company gets about 55% of its products.
As the disease spread around the world, Yardbird went from scrambling to get its goods from overseas to the prospect of having the products but little demand for them after U.S. businesses started closing.
"It's nothing that we obviously chose to do," Dillon said of growing the company during a pandemic.
"It felt like a roller coaster ride, at one point pushing to get the product and then saying 'No, don't get product, hold up on product,' " he added. "Ultimately it was this up, down and then up again. It's been chaotic. It's been chaotic for everybody."
It's also been surprisingly rewarding for Yardbird as economic activity has started to pick up. The company opened its first Colorado location last week in Lone Tree when retail stores were allowed to reopen while following guidelines to keep COVID-19 from spreading. Dillon said the Lone Tree showroom did about $250,000 in business. The company's sales, primarily online, totaled roughly $2 million over the past two weeks.
"We were aiming to do about half of that (in sale) in a normal environment," said Dillon.
He figures the timing has been serendipitous for Yardbird. Restrictions on business are easing at about the same time the weather's getting warmer and the backyard beckons as a safe place to venture.
"As the weather becomes nice and people can't go out to events, if they haven't been impacted that much financially, we're seeing that they're investing in their outdoor space to entertain close friends or their families, just to be outdoors," Dillon said. "In that regard, we feel very grateful, very fortunate. We're just glad we don't sell men's dress pants since people aren't going into work."
Dillon and his father, Bob, launched Yardbird in 2017. The elder Dillon has experience in importing and retail. The son worked in marketing and for a medical devices company.
It was Dillon's personal experience of shopping for outdoor furniture that led to starting Yardbird. He saw an opening for a product that wasn't as expensive as that sold by high-end retailers but of higher quality than some of the lower-priced furniture.
Dillon, who lived for a while in Hong Kong, visited factories in Asia and learned more about how other companies use plastic that winds up in the ocean. He said large nets are used to collect plastic and other garbage on the beaches in Hong Kong, "but you're still swimming in a ton of debris."
"About 60% of everything we sell has intercepted ocean plastic in it. An average set will have at least 20 to 30 pounds of that plastic in it," Dillon said.
Yardbird works with businesses in China and other countries to produce strong plastic whose colors won't easily fade. The company gets about 10% of its products from Europe and 30-35% from the U.S., including a supplier in Durango.
The supply-chain challenges caused by the coronavirus outbreak has Yardbird exploring more domestic sources of material, including aluminum. The company is going to manufacture a new line of Adirondack chairs.
However, Dillon thinks some products from other countries would be hard to replace, such as hand-woven wicker furniture.
Yardbird opened a showroom in Kansas City Monday, but has pushed back an opening in Detroit, which has been a hot spot for the coronavirus.
A private-equity firm in Texas is looking to buy the assets of 17 former Michigan locations of Art Van Furniture. (Photo: JEFFREY M. SMITH, TIMES HERALD)
A private-equity firm in Texas is poised to buy 17 Michigan locations of shuttered and bankrupt Art Van Furniture and may reopen the stores under a new name and rehire some of their laid-off employees.
A U.S. bankruptcy judge late last week approved the $6.9-million deal, which includes 10 additional Art Van and Levin and Wolf furniture locations outside Michigan. The sale is expected to close sometime this week and, altogether, involves the purchase of inventory and assets for 27 leased store locations in six states, according to court documents.
The deal doesn't include those stores' real estate, most of which was sold off in 2017 as part of the Van Elslander family's $612.5 million sale of their metro Detroit-based furniture company to private-equity firm Thomas H. Lee Partners of Boston.
Several stores in the deal are located in such metro Detroit cities as Warren, Livonia, Royal Oak and Taylor, among others.
The new prospective buyer is a limited liability company controlled by Dallas-based private-equity firm US Assets Inc. US Assets was started in 2014 by a Texan named John Love "with the purpose of purchasing existing companies by providing fresh capital, increased liquidity and monetization of existing assets," according to the company's website.
Court documents say the company could rehire employees for the 27 locations. The locations represent about 20% of the store footprint for Art Van and its Levin and Wolf furniture stores.
The US Assets Facebook page says it is preparing to open a new business called Loves Furniture. The announcement, first reported by trade journal Furniture Today, doesn't say whether Loves Furniture will be a rebranding of former Art Van stores.
More: New hope for Art Van customers who paid, but didn't get merchandise
More: Art Van Furniture to close its stores, begin liquidation sales
The company did not respond Monday to a message seeking comment. Art Van's court-appointed bankruptcy trustee also didn't respond to comment requests.
US Assets' website says it typically invests in lower- and middle-market businesses with between $5 million and $50 million in pre-tax earnings. It reports an eclectic mix of portfolio companies, including a chain of urgent care centers, a large dirt biking and off-roading park in Texas, the Penguin Point chicken and burger chain in Indiana and an Arizona dog grooming and boarding business.
Art Van Furniture filed for Chapter 11 reorganization bankruptcy on March 9 and the case later converted into a Chapter 7 liquidation. All of its 169 locations in multiple states closed, and about 1,000 Michigan employees were laid off.
Art Van stopped its liquidation sales the weekend of March 21 due to the coronavirus pandemic. Since then, numerous customers have made complaints online and to the Free Press about having paid for merchandise during the going-out-of-business sales, but never receiving it.
Excluded from the pending sale is any furniture inside the stores that Art Van sold to customers during its going-out-of-business sale. It was unclear Monday whether any effort would be made to allow the customers to retrieve the merchandise.
Crain's Detroit reported in March that Gary Van Elslander, a son of Art Van founder Archie Van Elslander, had submitted a bid to the bankruptcy court for the Art Van brand name and trademark. A representative for the Van Elsander family did not return a message Monday regarding the status of that bid.
The 17 Michigan locations in the pending sale are:
Taylor store
Royal Oak store
8 Mile location in Warren
Livonia store
Waterford Store
Saginaw store
Burton store
Bay City store
Portage store
Shelby Township store
Westland store
Ann Arbor store
Port Huron store
Howell store
Muskegon store
Battle Creek
Petoskey store
The other 10 Art Van or Levin and Wolf locations are in:
Schaumburg, Illinois
Woodward, Illinois
Columbus, Ohio
McMurray, Pennsylvania
Pittsburgh
Harrisburg, Pennsylvania
Altoona, Pennsylvania
Leesburg, Virginia
Mr. Pleasant, Pennsylvania
Towson, Maryland
Contact JC Reindlat 313-222-6631 or jcreindl@freepress.com. Follow him on Twitter@jcreindl. Read more on business and sign up for our business newsletter.
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Warranties likely won't be honored as Art Van Furniture closes stores
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Memorial Day is just around the corner, and with it the unofficial launch of everyone's favorite season. And while it ain't gonna be a typical summer, the sun will still shine, warm breezes will still blow, and opportunities to splash and play will still be plentiful. Now more than ever we need to create our own joy— and make sure we have plenty to look forward to. At the moment, that means zhushing up the homestead for bright days and balmy nights.
Wayfair wants to help. Right now it's holding an epic sale on everything for your outdoor life, from cozy hammocks to kids' inflatable toys to chic chaises. We're talking 65 percent off, in some cases. Wild discounts. So whether you're in the market for new patio furniture, some outdoor cushions to upgrade your current setup or a little something to cheer up the kids, you're all set. You have to hurry, though—the items with the biggest markdowns are disappearing fast. Here are a few of our favorite finds.
Woven of sturdy resin wicker, these chairs are strong and substantial. They offer six levels of relaxation—from upright for sipping lemonade to daybed-level for getting your solar dose of vitamin D. And they make your yard look super luxe.
These classic Adirondack chairs—made of solid acacia wood, renowned for its distinctive grain, strength, and sustainability—make any outdoor space instantly inviting. In three colors—natural teak, white, and retro red. At 63 percent off, it's better than a two-for-one deal!
Elegant and airy, this beautiful bench brings sophistication to a porch, patio, or entryway—and it's more than 50 percent off. Made of solid acacia wood (and made comfy with the included cushion), it just might become your favorite place to sit and check morning email.
A step up—literally–from a picnic table, this cleaned lined hightop is still great for quick summer dinners, but also serves as a bar, once entertaining becomes a thing we can enjoy again. Woven resin wicker over powder-coated iron this set, which includes six stools, arrives already assembled—just plug and play.
Shop it: Stratford 30" Patio Bar Stool (Set of 6), $470 (was $1,216), wayfair.com
Sometimes it's the simple things that end up being the most fun. Case in point, this floating basketball set, which adults will love as much as kids. Included is the hoop, net, two water basketballs, and a pump for inflating—a job you can outsource to the kids, while you take a few minutes at the quiet end of the pool.
This covered gazebo pulls together your patio with just enough coziness—and sun protection. Use it to give some polish to an assortment of outdoor furniture (it naturally unifies styles) and to create an inviting space for meals, working, and socializing; at 13 by 11 feet, it can help you social distance without stress. Bonus: it has a ceiling hook, so you can add a chandelier or a lush hanging pot if you're so inclined.
Shop it: Prentice Pavilion Hex 13 Ft. W x 11 Ft. D Steel Patio Gazebo, $390 (was $460), wayfair.com
Nowhere to put those pretty outdoor throw pillows on nights you expect rain? We get it. This beautiful hardwood deck box can catch your soft goods, stash your garden caddy, hold those citronella candles and take care of much more. It will keep your outdoor space from becoming littered with randoms and serve as a comfy perch, to boot. Grab it while you can—it's $67 off!
FOR ANYONE WHO likes to entertain, social distancing carries an additional pointed pain. Even when regulations begin to relax, will we really want to sit around a once convivially crowded table enclosed in four walls? "I think that as we are able to gather, the first places we will do this is outdoors," said New York interior designer Kammi Reiss. "The open air and sunlight will feel more safe than closed-in tight spaces." We tapped hundreds of design professionals to get their reads on this unique summer's outdoor furnishing directions. For each, we've offered specific suggestions both pricey and affordable, so you...
Inside Look at The Hottest 2020 Outdoor Furniture Trends - Summer Classics 2020
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Home Decor Haul | Kitchen Essentials, NewAir & MORE!
The ultimate talent scout, Rossana Orlandi, has run one of Europe's most important design galleries for the past 18 years. Known as Spazio Rossana Orlandi, it is here in this former tie factory in Milan where the magic operates. Always ready to take a chance on new talents, Orlandi has an eye for spotting promising young designers, having taken a risk on the likes of Piet Hein Eek, Maarten Baas and Nacho Carbonell before they became famous, helping to propel them onto the world stage. The greats such as Piero Lissoni, Alessandro Mendini, Paola Navone, Patricia Urquiola, Gaetano Pesce and Nendo have also exhibited in her gallery. Somewhat of a godmother of Italian design, she treats her protégés as her own children and needs to have an immediate personal connection with the designers she works with. If she likes the work but not the person, she won't start. We take a look at some of the most exciting products that have passed through the doors of her gallery.
Mandalaki Halo Lamp
Employing the least amount of materials possible, the super-skinny floor lamp features a dichroic filter designed and manufactured by the Milan-based studio that divides the pure luminous flux of the LED into an infinite spectrum of colors.
Sé Below the Heavens Collection
The sculptural, serene range of chairs, benches, sofas, tables and lighting with names stemming from Greek mythology by Ini Archibong comes in various celestial hues and reveals the tension between delicacy and strength.
Guglielmo Poletti Equilibrium Table
Continuing the Equilibrium series emphasizing tension to turn minimal gestures into balanced designs, it has a monolithic presence with weighted cylindrical legs in contrast to an ultrathin 6-mm top that tests the limits of aluminum, whose strength is guaranteed by a stainless steel cable and expanding central bar.
Ecopixel Alex Chaise Longue
Designed by the late Alessandro Mendini, the daybed with geometrical, folded forms transforms 100 % recycled and recyclable polyethylene into a work of pointillism through a multi-colored pixel-based approach and an innovative pressurized production technique.
Germans Ermics Colorscape Mirror
Reflective and glistening, it shimmers in the light, showing a palette of colors merging into one another as when day turns into night.
Mete Lala Chair
Refined and minimal, the chair by Nika Zupanc is offered in a variety of colors and is influenced by the basic lines of a simple school chair, now modified with a metal structure to frame the upholstered seat and backrest.
Matthew McCormick Mila Chandelier
Experimental and poetic, the pendant is a study of balance between two pure and simple volumes with a hand-blown glass orb sitting at the base of an oval metal frame with entirely invisible technology. Available in varying lengths, it may be suspended individually or as a group.
Enrico Marone Cinzano Pino Table
For indoor or outdoor use, it is handcrafted in marble, glass, steel and charred, stabilized recovered pine wood. The top covered in solar panels printed with a wood slice motif powers a battery that can supply energy to the table's LED lights or to one's gadgets via a built-in multi-zone plug and USB ports.
Ed: I Do Not Believe in Love | 90 Day Fiancé: Before The 90 Days
For furniture retailers, the widespread shutdowns caused by COVID-19 had initially proven disastrous. The first weeks of the pandemic saw the category suffer steep, double-digit declines as the ability to browse offline disappeared. But business didn't dry up entirely, as some of that displaced demand shifted online.
Now, new April data shows just how quickly shopping for furniture online has become the new normal. According to a press release from home furnishings–focused e-commerce platform Blueport Commerce, furniture retailers on the platform (which includes members of the Furniture Today Top 100) saw their online sales increase by an average of 306% over April 2019. In fact, total sales across the platform were 81% greater than what was observed last November, a busy sales period for the furniture industry which included Black Friday, but not Cyber Monday, in 2019.
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Just as total sales increased in April, so did the average order size for furniture retailers. The value of the average sale across the platform increased by 27% to $1,210. Top-selling categories included sofas, living room sets, and dining sets. That suggests these sales bumps weren't simply the result of customers rushing to furnish their new home offices, but a potentially more sustainable shift. Based on the evidence, it would seem that some furniture retailers have had enough time to adapt their sales and marketing strategies to fit a new, fully-online world.
"Turning to digital channels to reach their shoppers, furniture retailers amped up digital marketing and their social media presence," Blueport founder and CEO Carl Prindle tells AD PRO. "They deployed chat and video conferencing technologies to enable their salespeople to consult with shoppers. They also used their in-house delivery capabilities to tune delivery methods, ensuring safe deliveries and putting shoppers at ease."
Subsequently, a number of retailers generated enough online sales to keep pace with or at least close the gap on their pre-pandemic projections. "Retailers generated a meaningful portion of the brick-and-mortar revenue they had anticipated for April, despite all of their stores being closed," Prindle says. "Some retailers actually grew total sales relative to last April, when they had their stores open."
The data here is only a small snapshot of what's happening in the retail sector, and furniture retailers would obviously prefer to return to a world where they can also make sales in stores. But as brands have augmented their sales efforts and customers have adjusted their expectations, there's reason to believe that the furniture industry may make it through the pandemic more or less intact.
NORTON SHORES, Mich. — The team at Blended Furniture Market in Norton Shores knows a thing or two about couches, they've been selling them for years. But they never could have anticipated how much time we'd all be spending on that popular piece of furniture while we stay at home.
Randilynn and Jason, the owners of Blended Furniture Market, are doing everything they can to encourage people to make the most of this time by doing something that could potentially save a life.
They are partnering with Be the Match during their #CouchtoCure campaign to add people to the bone marrow registry and help find cures for diseases like leukemia.
@BeTheMatch #Couch2Cure update
We were so excited to announce our partnership with @BeTheMatch with their #Couch2Cure campaign to match donors with blood cancer recipients! . Have you signed up yet? You can do so here: ⬇️⬇️⬇️ ➡️Http://join.bethematch.org/blendedfurniture . Once you fill out the short form online, a few days later your envelope will arrive! Inside you'll find your swab and easy instructions. A few seconds later you can seal and send back! The sooner you complete the sooner you can be added to the registry. . It takes about 6-8 weeks to complete the processing, then you'll recieved your official donor card and be an OFFICIAL Bethematch.org registered member! . 🌟Super IMPORTANT🌟 Take a 📷SELFIE with your swab kit and share it and help us spread the message! Tag us, @Bethematch and #Couch2Cure 🖤
Posted by Blended Furniture Market on Monday, April 27, 2020
"We had actually planned on partnering with them before COVID started and we were going to do an in-store event to sign up and get their swab on the spot," explained Randilynn. "But right now people aren't coming into stores and sticking swabs in their mouths. But we can still do something."
They moved the campaign to social media and are getting a great response.
In terms of their business, Randilynn and Jason are doing virtual shopping trips for customers. They refer to them as "pre-purchase appointments" acknowledging how important it is to see, and sit on furniture, in person before making a purchase. Which is something that just isn't possible right now.
If you are interested in taking part in the #CouchtoCure campaign with Be The Match, click here.
Blended Furniture Market / Facebook
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Stay at Home Specials | Blended Furniture Market partners with Be The Match
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