Outdoor furniture resources grow, expand High Point presence

The Club collection is part of a growing category trend towards comfort and multifunction in the wake of COVID-19 pushing consumers back into their own outdoor spaces.

Despite lower than normal buyer and exhibitor numbers, new outdoor resources popped up throughout High Point Market, and returning exhibitors made a strong showing this fall.

That strong showing was made in part because of the equally strong demand that retailers have experienced in an unprecedented post-COVID-19 rush that has left the outdoor industry scrambling to source product and fulfill customer demands.

“It has been nonstop for us,” said Tad Varga, president and owner of Three Birds Casual. “We’re grateful for it, but it has been a busy time, and we want to continue that. That’s why we came out to market.”

And that was the sentiment shared by buyers across the board; the smaller number of folks who were out at market were on a serious hunt for both in stock and in style products.

New in town

For buyers who ventured to High Point for the extended nine-day show, several new outdoor resources and several recently expanded resources were open for business.

Seemingly the largest new resource to join the casual

Overstock Q3 revenue increases 111% year over year

SALT LAKE CITY – Total revenue for e-commerce site Overstock came in at $732 million for the third quarter ending Sept. 30, a 111% increase over the previous year’s third quarter.

“After a record-setting second quarter, we maintained our momentum, continued to outperform expectations, and grew faster than competitors in the third quarter,” said Jonathan Johnson, Overstock CEO. “Our quarterly gross sales in our retail business doubled year-over-year once again, and new customers grew 141%. These new customers are making repeat purchases at an increasing rate.”

Johnson added that heading into the fourth quarter, he is confident that the retail business will maintain sustainable, profitable market share growth.

The company’s gross profit was $171 million or 23.0% of total net revenue, an improvement of 330 basis points year-over-year. And, net income attributable to stockholders of Overstock.com was $23 million, an improvement of $54 million over last year. Diluted earnings per share was 50 cents , up $1.39 over 3Q 2019.

Other highlights of the third quarter include that gross sales from orders placed on a mobile device were more than 50% of retail sales in this year’s third quarter compared with 44% in the third quarter of 2019. On the