SONGMICS HOME Revolutionizes Furniture Assembly with Tool-Free Technology at Maison&Objet 2024

SONGMICS HOME, a leading online furnishings brand, showcased its innovative TOOLLESS technology at Maison&Objet 2024. This groundbreaking technology eliminates the need for tools, making furniture assembly faster, easier, and more eco-friendly. The company’s K-PRO Collection, featuring TOOLLESS technology, was a highlight of the event, demonstrating the future of furniture assembly.

La-Z-Boy Beats Q1 Estimates, but Retail Sales Slow

La-Z-Boy Inc. (LZB) exceeded revenue and earnings expectations in the first quarter of fiscal 2025, driven by strong wholesale segment performance. However, retail sales declined due to softer industry-wide demand and lower traffic. Despite the challenges, La-Z-Boy remains optimistic about its long-term prospects and plans to continue investing in its growth strategy.

M&S to Axe Large Furniture Range in Major Shake-Up

Marks & Spencer (M&S) is set to discontinue selling a majority of its own-brand furniture, including beds, sofas, and wardrobes. The move is part of a broader plan to streamline operations and focus on growing the retailer’s core product lines. M&S will continue to offer smaller furniture items and collaborate with third-party brands for a wider selection. The change is expected to take effect in the autumn, with the exact date yet to be announced.

Wayfair to Open First Physical Store in Chicago Suburb

Internet retailer Wayfair announces its first brick-and-mortar store opening in Wilmette, Illinois on May 23. The 150,000-square-foot location will offer furniture, home decor, housewares, and home improvement products, along with an on-site restaurant. Notably, the store will be approximately half the size of a typical Ikea outlet.

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