Lexington Home Brands · Thomasville, NC United States
Company Description
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This link will open in a new window Lexington Home Brands wants to outfit your abode in high style. The company makes and markets upscale upholstered, leather, wooden, and wicker furniture for the bedroom, dining room, and living room. Lexington's portfolio of brands includes Bob Timberlake, Lexington, and Tommy Bahama Home. It also produces collections inspired by professional golfer Arnold Palmer and real estate mogul and reality TV personality Donald Trump. Lexington's wares are sold through independent home furnishings retailers, department stores, and galleries, and designer showrooms in the US, Mexico, India, and other countries. Founded in 1901, the furniture maker is owned by the private equity firm Sun Capital Partners . To read the full description, subscribe now.
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Key Lexington Home Brands Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| Employees | 3,000 |
Lexington Home Brands Executives
11 executives listed for Lexington Home Brands's Thomasville, NC location.
| Title | Name & Bio | Contact |
| President and CEO | Philip Haney | Network |
| SVP Operations | Robert Sitler | Network |
| CFO | Craig Spooner | Network |
Competition
Competitive Landscape for Lexington Home Brands
The volume of home furniture sold depends heavily on the level of home sales, while office furniture sales depend on the health of the US economy. The profitability of individual companies is closely linked to volume, since many costs are fixed. Small companies can compete effectively if they produce specialty items or high-quality workmanship that can sell for a premium price. Imports are a major competitive factor, totaling more than $26 billion a year, and many US manufacturers have factories overseas, where labor and production costs are lower than in the US. Foreign competition and production overcapacity have combined to keep prices low. Additionally, despite automation, the made-to-order nature of much of the business means that the industry is fairly labor-intensive: average annual revenue per worker is around $250,000. To read the full description, subscribe now.Top Lexington Home Brands Competitors
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