Industry News
American home textile supplier giant acquires legendary brand Wamsutta
Beyond Inc., the parent company of Bed Bath & Beyond, Overstock and Zulily, recently sold Wamsutta, a century-old home textile brand, to Indo Count Industries. Indo Count, a bedding manufacturer from India, was ranked fourth among U.S. home textile suppliers in 2023. Its annual wholesale business sa......
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The 25th International Textile Federation survey: The business situation is improving slowly and the expected results have not yet appeared
In March 2024, the International Textile Federation conducted a detailed survey of the global textile industry and conducted an in-depth analysis of the business situation of the textile industry. The survey results show that although the business situation indicator has rebounded between November 2......
Read MoreMacy’s compromises, moves toward privatization
After private equity investment companies Arkhouse Management and Brigade Capital Management significantly increased their acquisition offer to US$6.6 billion, after more than a month of contact, Macy's Inc. yesterday announced a preliminary compromise with the acquirer and agreed to partially restr......
Read MoreHome goods sales have declined for three years in a row, and Target is hoping for a reversal in 2024
Target's home furnishings sales have been underperforming in recent years. According to the latest data, Target's share of total sales and year-on-year levels have been declining for three consecutive years. Target urgently needs to find a solution to turn the situation around.
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