Market News
Recent Developments
New product launches
- In September 2022, IKEA, a Sweden based multinational conglomerate that designs and sells ready-to-assemble furniture, kitchen appliances, decoration, home accessories, and various other goods and home services, launched the STILREN console table made from recycled wood and bamboo. The minimalist design and sustainability focus broadens IKEA’s console table range. Inter IKEA Systems B.V., doing business as IKEA, is a Swedish multinational conglomerate that designs and sells ready-to-assemble furniture, kitchen appliances, decoration, home accessories, and various other goods and home services.
- In June 2021, Anthropologie, a U.S. based retailer operating in the U.S., Canada, and the U.K. that sells clothing, jewelry, home furniture, decorations, beauty products, and gifts, introduced the glenna concrete inlay console table made from mango wood with a hand-inlaid concrete top. The striking design caters to consumer demand for unique, artisanal furniture . Anthropologie is an American retailer operating in the U.S., Canada, and the UK that sells clothing, jewelry, home furniture, decorations, beauty products, and gifts.
- In January 2020, West Elm launched the mid-century acacia wood console table with angled solid acacia wood legs and crossbar base. The retro-inspired design appeals to modern sensibilities.West Elm, Inc. operates as a home furnishing store
Acquisition and partnerships
- In October 2022, Williams-Sonoma acquired Liaison, a 3D interior design platform. This expands Williams-Sonoma's digital visualization capabilities for consumers. Williams-Sonoma, Inc. is an American publicly traded consumer retail company that sells kitchenware and home furnishings. It is headquartered in San Francisco, California, United States.
- In December 2021, IKEA acquired Geomagical Labs, an artificial intelligence (AI) imaging startup. This bolsters IKEA's augmented reality technology for virtual product visualization. Inter IKEA Systems B.V., doing business as IKEA, is a Swedish multinational conglomerate that designs and sells ready-to-assemble furniture, kitchen appliances, decoration, home accessories, and various other goods and home services.
- In September 2020, Herman Miller acquired Design Within Reach, a retailer of modern furnishings. This acquisition expands Herman Miller’s distribution network. Miller Knoll, Inc., doing business as Herman Miller, is an American company that produces office furniture, equipment, and home furnishings. Its best known designs include the Aeron chair, Noguchi table, Marshmallow sofa, Mirra chair, and the Eames Lounge Chair.