Minority-Owned Business, Culture + Bloom, To Disrupt The Home Decor Industry With Positive Artistic Representations

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New black-owned home and garden store, Culture + Bloom, announces its official launch with a wide range of high-end home and luxury garden decor items for different categories of homeowners

July 14, 2020 – Culture + Bloom looks poised to disrupt the home décor industry as the store continues to garner reviews since their official launch on June 30, 2020. The Atlanta-based black-owned home and garden store focuses on providing high-end home and luxury garden décor targeted to meet the specific needs of people of color and culture.

There has been a steady growth in the global home decor market, with studies revealing that the industry has continued to gain traction in emerging economies, thanks to the rise in the affluent population. According to a report recently released by Allied Market Research, the global home decor market was valued at over $616 billion in 2019. The market is estimated to

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Wall Decor Market : Industry Development Scenario and Forecast to 2025

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The MarketWatch News Department was not involved in the creation of this content.

Mar 05, 2020 (AmericaNewsHour) —
Global Wall Decor Market to reach USD 78.59 billion by 2025. Global Wall Decor Market valued approximately USD 60.69 billion in 2016 is anticipated to grow with a healthy growth rate of more than 3.26% over the forecast period 2018-2025. Rapid increasing popularity of creative interior designing is the key factor driving the growth of the Global Wall Decor Market. Furthermore, the offices, homes, clubs have been inclined towards creative interior designing, the trend of giving the Wall decor products as a gift in festival seasons and special occasions, change in the lifestyle and preferences of the consumers, changing taste are aiding to the growth of the Market. Wall Decor refers to the enhancement of the interior of a building to provide a pleasing environment inside it. Wall Decor involves an imperious

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Projected U.S. Home Improvement Industry Revenue to Reach $400 Billion Annually

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PALM BEACH, Florida, April 9, 2020 /PRNewswire/ — The U.S. do-it-yourself (DIY) home improvement industry is projected to continue to show continued growth in the market over the next several years. Several studies, including HomeAdvisor have reported that it’s safe to say that the home improvement industry is in excess of $400 billion per year. A report from Statisa estimated that total U.S. home improvement expenditure amounted to about 394 billion U.S. dollars in 2018 and projected total home improvement sales in U.S. will reach $454.6 Billion in 2023. The report from HomeAdvisor said that: “Taking into consideration the current state of the industry, home improvement spending will likely continue to increase. Over the next three years, its growth rate could even start to exceed that of new home construction. The industry can expect to see more discretionary home improvement projects as well, along with more whole-room renovations –

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Samsung acquires City of Industry high-end stove maker Dacor

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After half a century and three generations of family ownership, Southern California kitchen appliance maker Dacor is taking a buyout.

Samsung Electronics America announced late Wednesday that it would acquire the City of Industry company, which competes on the very high end of the market. Terms of the deal were not disclosed. The Korea Economic Daily said the arm of the South Korean conglomerate paid $150 million, citing unnamed sources. But a person familiar with the deal said the actual amount was higher.

Dacor’s line of ovens and stoves — a regular sight in expensive homes and, in 2014, the first to be recommended by master chefs at famed cooking school Le Cordon Bleu — widens Samsung market share in one of the few product categories where it’s not the best or second-best seller.

Greif & Co.’s Lloyd Greif, the investment banker who represented Dacor in the deal, said he

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Home Improvement Market Share | Industry Size Research Report 2025

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Published Date: Apr 2019  |  Report ID: GMI3251  |  Authors: Kiran Pulidindi, Hemant Pandey

Industry Trends

Global Home Improvement Market size was valued at over USD 800 billion in 2018 and is anticipated to witness over 4.5% CAGR up to 2025.

 

Global Home Improvement Market

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Rapid urbanization accompanied by increasing disposable incomes in developing economies is propelling the global home improvement market. Increase in socialization including house parties and family gatherings is supporting the demand for home improvement services. The industry observes increasing design & product innovations with multiple color & finishing options to cater the growing home improvement demand.

 

Availability of technologically advanced products accompanied by penetration on ecommerce stores offering large discounts is surging the industry share. Also, factors such as lower lending rates along with tax concessions provided by the government on transforming the residence in

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