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Lovesac history
Lovesac company history timeline
After starting in 1995 selling iconic beanbag-style chairs for the budget-challenged college crowd, Lovesac has graduated along with its target customers.
Shawn Nelson turns his passion into a company and calls it Lovesac, after the original nylon sac he built in 1995.
In 2005, Nelson won Fox's Rebel Billionaire reality show.
The company relocated from Salt Lake City to Stamford, Connecticut in 2006, as it raised private-equity capital in the area.
In 2012, Lovesac was named the fastest growing furniture company in the United States by Furniture Today magazine as well as recognized for being one of the top 100 furniture companies.
Reporting sales of $101.8 million for the fiscal year ending February 4, 2018, it also can brag about being the fastest-growing furniture retailer on that coveted list, up nearly 34% from previous year.
Lovesac joined the Nasdaq stock exchange on Wednesday, June 27, 2018, trading under the symbol LOVE.
According to founder Shawn David Nelson, Lovesac plans to move 75% of its production out of China by 2020, due to trade war tariffs.
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Lovesac competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Bachrach | - | $1.1M | 9 | - |
| Cellairis | 2000 | $3.0M | 25 | - |
| Dr Martens | 1995 | - | 3,001 | 69 |
| Road Runner Sports | 1983 | $309.2M | 642 | 176 |
| Diesel | 1978 | $3.1B | 2,300 | 1 |
| Destination Maternity | 1982 | $383.8M | 3,700 | - |
| Movado Group | 1881 | $672.6M | 1,000 | 81 |
| Riddle's Jewelry | 1959 | $190.0M | 750 | 7 |
| The Donna Karan Company LLC | 1984 | $440.0M | 3,000 | - |
| Sunglass Warehouse | 2003 | $8.5M | 75 | - |
Lovesac history FAQs
Zippia gives an in-depth look into the details of Lovesac, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Lovesac. The employee data is based on information from people who have self-reported their past or current employments at Lovesac. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Lovesac. The data presented on this page does not represent the view of Lovesac and its employees or that of Zippia.
Lovesac may also be known as or be related to Love Sac and Lovesac.