Springs sees growth returning to industry, but tough competition

FRANKFURT — Springs Industries, the largest home textiles suppliers in the United States, believes the home furnishings industry will expand by 4 to 5 percent annually over the next three years.

"As the global economy inches slowly — very slowly — into recovery, sales volume is once again becoming a priority for business," president Tom O'Conner said during a panel discussion hosted here by the US Department of Commerce to kick off the Heimtextil international trade show.

O'Conner noted that as the economy picks up, the home textiles business is becoming "increasingly crowded with new players."

Springs is focusing on brands and brand-building to differentiate itself from the pack, O'Conner said. However, "First and foremost, we are relentlessly committed to growth in our key accounts. And in this industry, there are only 10 or 12 of them."

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • The Countdown to the ICON Honors Continues featuring Christophe Pourny

    Camera Icon More Videos

CURRENT ISSUE

HTT digital edition

See the May 2017 issue of Home & Textiles Today. In this issue, we discuss our annual Market Basket survey, which finds higher prices and more polyester at leading retailers. See details!