Latest news with #FurnitureToday
Fashion Value Chain
30-05-2025
- Business
- Fashion Value Chain
Precision Textiles Launches Advanced FR Sock for Mattresses
As mattress constructions become more complex, Precision Textiles has unveiled the IQFIT Performance PLUS 2.0 FR Sock—an advanced flame-retardant solution engineered to meet strict CFR 1633 compliance, even in high fuel load designs. This glass-free, lightweight sock offers multiple weight options, improved char strength, and wider coverage, helping bedding manufacturers reduce costs while enhancing fire safety. Developed by product expert Garrett Graven, the new version balances performance with manufacturing efficiency. It reflects Precision Textiles' continued innovation in response to evolving market demands and regulatory changes. Part of the eco-conscious IQFIT product line, the sock holds both UL Greenguard and USDA Bio-Preferred certifications, reinforcing the company's commitment to safety and sustainability. Named Best Component Supplier in Furniture Today's 2024 Reader Rankings, Precision Textiles remains a trusted leader in bedding components.
CBS News
21-04-2025
- Business
- CBS News
Furniture business in Plymouth braces for possible tariff impact
The president's tariffs to drive up the costs of everyday items, including what many people are sitting on right now — furniture. Vietnam is the world's number one furniture builder. Unless a deal gets done, a 46% tax on imports from there will take effect after a 90-day pause. It's news that the owners of Minnesofa in Plymouth, Minnesota, are keeping an eye on. The name and business are new. College athletes Max Bjorklund and Luke Schultz teamed up to flip furniture on Facebook Marketplace. "We started out of my Dad's garage in 2022 right after COVID," Bjorklund said. "We pretty much refurbished old couches, anything we could find at the time, fixed them up to the best of our ability, took pictures of them and hoped we could get some sales." Their business grew to a Plymouth store that sells new furniture made in Wisconsin and Vietnam. On Monday, the editor-in-chief of Furniture Today wrote, "tariffs took dead aim at some of the furniture industry's largest and most impactful source countries, and they could trigger the most extensive realignment of global sourcing in a generation." As for Minnesofa, Schultz said, "I would say uncertainty is where the consumer sentiment and markets are at right now." For now, they are seeing a surge in business, albeit the weather or looming tariffs. "We had a PR day. It's a personal record. We sold the most couches we ever had," Schultz said. They are savoring the moment and preparing for the next. "If they raise our costs, we probably will have to raise prices a little bit, but that is where we are striving to be that budget friendly store." Bjorklund said. Schultz added that their business might have a thinner margin. Minnesofa works closely with Ashley Furniture, and says they have no word right now of price changes.
Axios
11-04-2025
- Business
- Axios
Facebook Marketplace is booming in D.C.: How to score big
Facebook Marketplace is already the spot for scoring deals on secondhand furniture — but under President Trump's tariffs, it'll likely become an even bigger deal. Why it matters: New furniture manufactured overseas could be hit with significant price increases under the tariffs. China has a 145% tariff, while Vietnam's 46% tariff has been paused for 90 days. Together, the two countries represent 60% of American furniture imports, reports Furniture Today. The big picture: Facebook Marketplace (FBMP) launched in 2016 and exploded in popularity during COVID, when supply chain issues snarled shipping. It especially appeals to young people looking for affordable, sustainable ways to shop. What they're saying: "There's sort of a thrill for finding pieces that no one else has," says Noma resident Rachel Kosh, whose home is mostly decorated with FBMP "grand millennial" finds. "[You look at] TikTok and people have all of the same furniture." And the D.C. area has prime secondhand shopping because people are always moving in and out for jobs, says Old Town FBMP user Rekha Lyons. Plus, it's a historic area with a lot of generational wealth — aka high-end, antique scores. Between the lines: Spring and summer are great for scrolling FBMP, as they're popular times for people to move or do home refreshes, says D.C. DIY influencer Imani Keal. So we asked local experts to share their hacks for scoring big. Tips for buying: The more you interac t with FBMP's algorithm, the better it understands your style and the products you'd like to see, say the experts. For instance, use specific keywords like "antique gold" or "Victorian" or "mid-century," and click on and save items you like, even if you're not buying them. It also helps to be hyperspecific, says Keal — instead of searching "area rug," search "8x10 vintage rug" so you don't have to wade through not-quite-right listings. Don't know your style? Do research on Pinterest, or hop on ChatGPT to determine which keywords to use for your aesthetic when searching, says Lyons. Be prepared to drive for the good stuff that's priced well — items are cheaper the further you travel outside of D.C., experts tell Axios. Keal sets her search radius to the maximum distance, and will often set her location to other areas like New York or North Carolina to see what's available. (She once took a bus to Philadelphia to pick up the perfect vintage rug, which she carted home on a wagon.) Not a driver? Try on-demand delivery services like Lugg, Bungii or Uber Courier. Always craft a personalized message when inquiring about a listing instead of using Facebook's prewritten option — it shows you're not a bot or a scammer, say experts. (On the flip side, check out a seller's rating to make sure they're legit.) Don't haggle too much — Keal recommends going no further than 30% below list price. "Don't try to go for the steal and then lose out on the deal." Ask to meet people in public places for pick-ups (no going inside someone's house!), bring a friend who can help you carry heavy items and ask ahead of time whether the seller prefers Venmo, Zelle or cash. Tips for selling: If you're selling something that's currently available online, link to the product page on the listing and price your item lower so it's competitive, says Kosh.
