Homestead takes lifestyle approach
February 10, 2008,
At the New York Market -- Homestead is moving beyond textiles to present a total home scenario this week: an assortment of some 1,000 skus that includes tabletop, lamps, occasional furniture, décor pieces, storage, floor coverings and other small hard home categories as well a range of home textiles.
At this week’s New York Home Fashions Market, Homestead is placing its bets on one micro-brand: fashion designer Rebecca Moses, a New Yorker who resides in Italy and specializes in the contemporary confluences between both sides of The Pond.
The point is to emphasize Homestead’s scope now that it is a division of international trading firm Li & Fung, which acquired Homestead in late 2006 and has a long history in sourcing a wide variety of consumer goods.
“Li & Fung is an awesome power,” said David Greenstein, president of Homestead. “It gives us a lot of flexibility in sourcing, so we’re not stuck in a country that’s gotten expensive or gotten difficult.”
For this week’s market, Homestead has set up a series of Rebecca Moses lifestyle rooms -- master bedroom, children’s room, bathroom, living room, foyer and garden -- cross-merchandising hard and soft home pieces appropriate to each.
“We can do what lifestyle specialty stores do for themselves, but for the traditional retail base,” said Greenstein.
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