 | |
| Type | Public |
|---|---|
| Nasdaq: LOVE Russell 2000 Index component | |
| Industry | Home Furnishings |
| Founded | 1995 (1995) |
| Founder | Shawn David Nelson |
| Headquarters | Stamford, Connecticut, U.S. , |
Key people | Shawn David Nelson (CEO & director) |
| Products | Sactionals, Sacs, Accessories |
| Revenue |  US$ 165.88 million (FY2019)1 |
 US$ −7.04 million (FY2019)1 | |
| US$ −6.7 million (FY2019)1 | |
| Total assets | US$ 105 million (FY2019)1 |
| Total equity | US$ 78.97 million (FY2019)1 |
Number of employees | 2572 (2019) |
| Website | www |
The Lovesac Company 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 bag seat filled with a proprietary foam mixture.
History
Lovesac was created in 1995 by Shawn D. Nelson, who formerly hand-made the chairs and delivered them to other students at the University of Utah.3 In 2005, Nelson won Fox's Rebel Billionaire reality show.4 The company relocated from Salt Lake City to Stamford, Connecticut in 2006, as it raised private-equity capital in the area. Lovesac joined the Nasdaq stock exchange on Wednesday, June 27, 2018, trading under the symbol LOVE.5
In January 2006, the company filed for Chapter 11 bankruptcy protection.6 They left Chapter 11 protection in August 2006.4
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.7
According to founder Shawn David Nelson, Lovesac planned to move 75% of its production out of China by 2020, due to trade war tariffs. As of late 2019, 40% of Lovesac's manufacturing was done in Vietnam and Malaysia, which were free of the tariff levels.8
Products
Sactionals are Lovesac's modular sectional couches.9
Snugg Sofas, Loveseats, and Chairs offer Lovesac comfort and quality in a smaller (and simpler) footprint.10
Sacs are premium bean bag chairs with proprietary filling (Durafoam).11
PillowSac Chairs convert the PillowSac bean bag chair into a more structured accent chair.12
References
References
- "The Lovesac Company (LOVE) Income Statement - Yahoo Finance". Archived from the original on 2021-04-10. Retrieved 2019-08-13.
- "The Lovesac Company (LOVE) Company Profile & Facts - Yahoo Finance". Archived from the original on 2021-04-22. Retrieved 2019-08-13.
- "The Lovesac Revolution: How U Students Created A Thriving Business". Daily Utah Chronicle. March 10, 2002. Archived from the original on 2009-10-03. Retrieved 2019-10-20.
- Overbeck, Steve (August 19, 2006). "LoveSac ready for business after Chapter 11". Salt Lake Tribune. Retrieved 2014-02-02.
- Schott, Paul (2018-06-27). "Stamford furniture maker Lovesac becomes public company". StamfordAdvocate. Retrieved 2019-10-10.
- "LoveSac in Bankruptcy". Deseret News. February 3, 2006. Archived from the original on February 22, 2014. Retrieved 2014-02-02.
- Clint Engel (22 May 2013). "Top 100 stores' sales jumped 9.9% in 2012". Furniture Today. Retrieved 24 April 2015.
- "Stamford-based Lovesac to move most production out of China over trade war tariffs". connecticut.news12.com. Retrieved 2019-10-15.
- "Modern Furniture: Sectionals, Bean Bags & More | Lovesac". www.lovesac.com. Retrieved 2026-06-14.
- "Modern Furniture: Sectionals, Bean Bags & More | Lovesac". www.lovesac.com. Retrieved 2026-06-14.
- "Modern Furniture: Sectionals, Bean Bags & More | Lovesac". www.lovesac.com. Retrieved 2026-06-14.
- "Modern Furniture: Sectionals, Bean Bags & More | Lovesac". www.lovesac.com. Retrieved 2026-06-14.