In 2021, the furniture market continued to experience significant growth due in large part to COVID-19 restrictions requiring many people to stay home. This was reflected in their buying behavior: As people began to make their living and home office spaces more comfortable, furniture sales increased.
industries
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Retail
Furniture
— Statista
Revenue
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sold
Closet Works
retail — Furniture
The acquisition builds on The Container Store’s custom closet offering, and it plans to offer more customization options including for closets, garages, home offices, pantries, laundry rooms and murphy beds, the company said in a press release.
Acquired by The Container Store
sold
HALCON
retail — Furniture
With exceptional innovation, uncompromising design, and master craftsmanship, HALCON creates furniture tailored to the modern workplace. The company’s award-winning solutions are made in Stewartville, Minnesota with the highest standards of quality and performance.
Acquired by Steelcase
sold
Sunset West
retail — Furniture
Sunset West is a West Coast-based manufacturer of outdoor furniture. Sunset West’s management team and all the company’s employees will continue to serve customers from its headquarters in Vista, California.
Acquired by Hooker Furnishings