Stump Reports on Fall 2024 High Point Market

Charlotte, NC, October 31, 2024-The Stump team spent six days at the Fall High Point Furniture Market and issued the following report,  

“The High Point market now encompasses over 12 million square feet of showroom space with over 2,000 exhibitors. 

“The climate in the halls was not quite as sunny as the weather outside, as the industry continues to push forward in a challenging demand environment. The general sentiment-and question that seemed to be posed around every corner and showroom was-“When is the home furnishings sector going to pick back up?”

“A bright spot was the higher-end manufacturers and sellers focused on the interior designer trade. We heard of many companies experiencing solid, profitable growth servicing this high-end segment. With over 100,000 designers (per ASID) nationwide, this is an attractive $18 billion + cohort that continues to spend on higher-end home furnishings.

“Our general feeling is the turnaround for the broader industry is somewhere on the other side of the election and additional interest rate drops (given the propensity for home sales to be a primary driver of furniture purchasing). Most companies are slightly down this year vs. 2023 (revenues), though there are a few stand-out performers that are meaningfully outperforming the averages.

“The public data we are seeing suggests that revenue declines are flattening and share prices for the publics are ticking upward. Hopefully, this suggests the broader market will see better days ahead. We are optimistic about mid-2025 and beyond.”


Related Topics:American Society of Interior Designers (ASID)