Lovesac, a maker of couches, published FQ1’22 (to May 2) revenues which grew by 52.4% year over year and beat analysts’ estimates by 10.4%. The rapid rate of expansion can be seen in U.S. seaborne imports linked to the firm which rose by 109.4% in the three months to April 30. According to CEO Shawn Nelson the firm’s success includes the “diversification of our supply chain around our few core products and the international redundancies created has helped us stay in stock and meet demand” U.S. imports linked to the firm from Vietnam and Malaysia surged 156.9% and 658.3% year over year Ap...
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