SAN FRANCISCO — Online high-end and vintage home furnishings marketplace Chairish is adding some 200,000 European items to complement its 650,000 domestic pieces.
This international expansion follows two years of growth for the San Francisco-based company and builds upon its 2021 acquisition of Pamono, Europe’s leading luxury vintage marketplace.
“Chairish connects high-end sellers and affluent design lovers with the most comprehensive and chic selection of home furnishings available worldwide,” said Gregg Brockway, Chairish co-founder and CEO. “Enabling Chairish to showcase Europe’s finest sellers is an important step forward in our quest to be the global design community’s source of the world’s finest design objects.”
Chairish saw 39% year-over-year revenue growth in 2020 and, with the addition of Pamono, 54% YOY revenue growth in 2021. Officials believe that momentum will continue in 2022, with the resale home furnishings category projected to grow by 54% over the next five years, 3.5x faster than traditional retail.
In 2021, Chairish began offsetting 100% of its estimated carbon emissions from worldwide shipping and published its first-ever Home Furnishings Resale Report on the state of re-commerce in the home furnishings sector. The report, released in September 2021, detailed the growing popularity of re-commerce, which shoppers increasingly value for its more sustainable approach to home decoration, and outlined the online growth of the home furnishings industry as a whole.
“Chairish is well-positioned at the intersection of ecommerce and re-commerce, two seismic shifts rocking the home furnishings industry,” said Brockway. “We’ve benefited from the surge in online shopping and growing demand for vintage items, due to supply chain driven slowness on new goods and rising consumer interest in sustainability.”
Other highlights of 2021 include, Chairish’s first-ever television ad campaign, the launch of Chairish Magazine, the first “Chairish The Days” annual sitewide-sale, the introduction of Chairish’s “Buy Now Pay Later” program with Afterpay and the launch of Chairish’s Android App.
Originally posted 2022-01-12 13:30:34.