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furniture industry

3 statements across 3 episodes · 2 bullish · 1 bearish · 3 people on the record · first statement Aug 29, 2020 by Niraj Shah · across every show →

Everything said about furniture industry, oldest first

Aug 29, 2020 positive
Assertion Supported
Shah: Online furniture grew during 2008 despite a 30% industry crash
“In the Great Depression, it shrunk 35% from the top to the bottom. In the financial crisis, it actually shrunk, the furniture industry shrunk by 30%, three-zero, and so it was really devastating. What was interesting, though, is online, except for an immediate…”
Niraj Shah Aug 29, 2020 ▶ 10:22 How I Built Resilience: Niraj Shah and Steve Conine of Wayfair
Mar 28, 2022 positive
Assertion Not checkable as stated
Gold: Mitchell Gold + Bob Williams reached $1,500 sales per square foot
“And in short order, we were doing 1500 dollars a square foot, which is unheard of in the furniture industry. The furniture industry on average at the time was about 240 dollars a square foot.”
Mitchell Gold Mar 28, 2022 ▶ 59:35 Mitchell Gold + Bob Williams Home Furnishings: Mitchell Gold and Bob Williams
May 11, 2026 negative
Opinion
Gabbert: Treating furniture as a fashion business is a big mistake
“Much of the industry thinks they're in the fashion business, and I think it's a big mistake. We think we're in the business of good design, so you'll be happy with it Five years from now, 20 years from now, but we're definitely not in the fashion business from…”
John Gabbert May 11, 2026 ▶ 54:44 Room & Board: John Gabbert. A Broken Deal, a Family Rift, and the Birth of a Furniture Giant
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