“We look forward to capitalizing on this growth as the demand for resale furniture continues. Chairish is in the best position to allow high-end sellers and affluent design enthusiasts to connect online. “
SAN FRANCISCO (PRWEB)
08 November 2021
President, a leading online destination for chic and unique home furnishings, today announced third quarter growth of 22% following a year of innovation and industry-wide demand for home furnishings. home, with a specific growing interest in vintage and resale pieces. The steady double-digit growth comes as the online marketplace continues to lead the industry in curation, innovation, sustainability and the resale movement.
The popularity of e-commerce and retail has exploded during the COVID-19 pandemic and beyond as more buyers are drawn to resale due to factors such as vintage quality and design. , supply chain issues in the larger home segment, and the environmental benefits of second-hand shopping. For fiscal 2021, Chairish forecasts a combined pro forma revenue growth of over 35%, driven by over 20% growth in average order value.
Chairish’s very first Resale report on the State of Recommerce in the Home Furnishings Industry, released in September, detailed the increase in resale and recommerce, which many buyers see as a more sustainable way to purchase home decor interior.
Chairish’s 2021 Resale Report found that the resale home furnishings category is expected to grow 54% over the next 5 years, 3.5 times faster than traditional retail, nearly half of Millennials declaring to have resold furniture.
“We have seen a continued increase in the vintage market this quarter, accelerated by online shopping and the sluggishness of the supply chain on new products,” said Gregg Brockway, Co-Founder and CEO of Chairish. “We look forward to capitalizing on this growth as the demand for resale furniture continues. Chairish is in the best position to allow high-end sellers and affluent design enthusiasts to connect online.
The third quarter announcement also follows Chairish’s acquisition this summer of Pamono, the leading European online marketplace for vintage and antique furniture and art, an initiative that allowed Chairish to expand its presence beyond the United States and allowed sellers from both companies to reach a global market.
Chairish’s additional key metrics for 2021 include:
- The total number of active buyers reached 95,000 in the third quarter, an increase of 27% from 2020.
- More than 860,000 exceptional vintage, antique, contemporary and bespoke products, offered by the top 12,000 sellers in the world.
- A community of over 38,000 verified design professionals, the furniture industry’s most valuable buyers.
- A rapidly growing international monthly audience of rich and sophisticated design enthusiasts, accounting for more than 5 million visits per month.
- Offset 100% of estimated carbon emissions from US shipping.
Founded in 2013, Chairish is the premier store where designers and creators of taste shop for exceptional home furnishings and works of art. Named the # 1 “impossible to live without decor” app that “will change the way you shop furniture online” by Architectural Digest, Chairish delights millions of buyers with its expert selection of an exclusive and diverse inventory, a refreshing shopping experience and rewards. winning customer service. As a marketplace, Chairish is committed to creating a more sustainable, planet-friendly home industry that supports the circular economy by buying and reselling vintage and antique pieces. Entrepreneur lists Chairish as one of the “Best Entrepreneurial Companies in America” and USA Today readers named Chairish the “Best Place to Shop for Furniture and Home Decor Online”. Chairish has raised funds from investors such as Tritium Partners, Altos Ventures Ltd, Azure Capital and O’Reilly AlphaTech Ventures. Chairish Inc. is the parent company of Chairish.com and Pamono.com, based in San Francisco.
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