LoveSac

LoveSac
Industry Home Furnishings
Founded 1995
Founder Shawn David Nelson
Headquarters Stamford, Connecticut
Products Sactionals, Sacs
Website www.lovesac.com

Lovesac is an American furniture retailer, specializing in a patented modular furniture system called Sactionals. Sactionals consist of two combinable pieces, “Seats” and “Sides,” as well as custom-fit covers and associated accessories. Lovesac also sells Sacs, a beanbag filled with a proprietary foam mixture.

History

The company was created in 1995 by Shawn D. Nelson, who used to hand-make the chairs and deliver them to other students at the University of Utah.[1] In 2005, Nelson won Fox's Rebel Billionaire reality show.[2]

In January 2006, the company filed for Chapter 11 bankruptcy protection.[3] They left Chapter 11 protection in August 2006.[2]

In 2012, Lovesac was named the fastest growing furniture company in the U.S. by Furniture Today magazine as well as recognized for being one of the top 100 furniture companies.[4]

References

  1. ↑ "The LoveSac Revolution: How U Students Created A Thriving Business". Daily Utah Chronicle. March 10, 2002. Retrieved 2014-02-02.
  2. 1 2 Overbeck, Steve (August 19, 2006). "LoveSac ready for business after Chapter 11". Salt Lake Tribune. Retrieved 2014-02-02.
  3. ↑ "LoveSac in Bankruptcy". Deseret News. February 3, 2006. Retrieved 2014-02-02.
  4. ↑ Clint Engel (22 May 2013). "Top 100 stores' sales jumped 9.9% in 2012". Furniture Today. Retrieved 24 April 2015.


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