Supply Chain Research

Lovesac, a furniture company known for its bean bags, experienced a 387% year over year growth in e-commerce sales in its latest quarter. The firm also mentioned successful supply chain strategies, with President and COO Jack Kruse noting the firm has three sources for the firm’s “Sactional” sectional couch and has secured discounts on products impacted by tariffs on imports from China. Lovesac’s imports from China fell by 7.5% year over year in the three months to Aug 31 against an increase in volume of 12.8% year over year from Vietnam. That’s consistent with a wider diversification tr...