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Home furnishings subscription service Fernish is expanding to new markets this year.
The expansion plans come after Fernish grew its revenue ten times during 2019. The home furnishings provider is likely to achieve a similar growth trajectory in 2020, CEO Michael Barlow told Adweek.
The two and a half year old company, and others like it, are taking advantage of and likely to benefit from the recent bankruptcies of furniture retailers such as Art Van Furniture and Pier 1 Imports, he said.
It’s a potentially huge market with about 55 million apartment renters, Barlow said.