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Here s why you re waiting months for that couch you ordered
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U S Business Groups Urge Trade Chief To Forgo Vietnam Tariffs
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WASHINGTON - The U.S. Department of Treasury has removed Vietnam from its list of currency manipulators. This could indicate that the U.S. might not apply tariffs or other restrictions on the country s imports.
This also seemingly represents a departure from the government s previous stance.
In October under the Trump Administration, the Office of the U.S. Trade Representative initiated a Section 301 trade investigation onto Vietnam, believing the country might be importing illegally harvested or traded timber. The USTR also speculated the country was intentionally undervaluing its currency.
The investigation concluded last month, with the USTR finding that Vietnam was devaluing its currency and that U.S. commerce was being harmed as a result. The Treasury Department also had claimed the country was intentionally devaluing its currency.
Furniture World News By Nic Ledoux on 4/22/2021
The High Point Market Authority is partnering with the Home Furnishings Association (HFA) and Purple Innovation for its next webinar in the spring 2021 IdeaStreams series. The session will explore Purple’s approach to reinventing brand loyalty and their resulting successes in becoming a leader in comfort innovation solutions.
Scheduled for Tuesday, May 11, at 2 p.m. ET, HFA’s CEO, Mark Schumacher, will interview Purple’s vice president of brand and executive creative director, Burke Morley, in an engaging and informative overview of the Purple brand’s story and success, including practical tips on how to elevate one’s business goals.
Stamford furniture maker Lovesac posts record results, makes comeback after downsizing
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Sales associate Sean Baker shows one of the “sactionals” available at the Lovesac store in downtown Westport, Conn.Ned Gerard / Hearst Connecticut Media
STAMFORD A year ago, furniture maker Lovesac had temporarily closed its showrooms and announced it would cut most of its workforce in response to the onset of the coronavirus pandemic.
Since then, its prospects have improved dramatically as it has benefited from a boom in furniture sales driven by the increased time millions of Americans are spending at home during the pandemic. The Stamford-based company has re-opened its stores and filled many of the positions affected by the downsizing, as it has markedly grown its customer base.
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