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June 28, 2018

Culp acquires majority stake in online retailer eLuxury

US-based Culp has acquired majority ownership in the online retailer of bedding accessories and home goods eLuxury through an undisclosed investment.

US-based Culp has acquired majority ownership in the online retailer of bedding accessories and home goods eLuxury through an undisclosed investment.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
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Based in the US state of Indiana, eLuxury offers a wide assortment of mattress pads, handmade platform beds, cotton bed sheets, and other bedding items.

The company’s products are currently available on the eLuxury online website, eLuxury.com, Amazon, and other online retailers.

Culp mattress fabrics division president Iv Culp said: “This strategic investment substantially expands our addressable market, provides an important new sales channel for Culp in the bedding accessories category, and expands our ability to participate in the rapidly growing e-commerce direct-to-consumer space.

“This business combination brings together eLuxury’s experience in e-commerce, online brand building, and direct-to-consumer shopping and fulfilment expertise with Culp ’s extensive global production, design and product development capabilities, and distribution network.”

“This agreement will provide the company with an opportunity to market their new line of bedding accessories.”

Culp also noted that this agreement will provide the company with an opportunity to market their new line of bedding accessories, Comfort Supply Company by Culp and other home products, including upholstery fabrics planned for development in the future.

eLuxury founder and chief executive officer Paul Saunders will hold a minority interest in the company and continue to serve in his existing role.

Culp offers a range of mattress fabrics for bedding and upholstery fabrics for residential and commercial furniture.

The company serves as a global customer base through its operations in the US, Canada, China, and Haiti.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.