|
|
Message From The Editor
Corporate Quicksand
I keep a close eye on the residential side of the market, and it was a great shock to many to learn of 70-year-old lighting manufacturer Kenroy Home, the first residential lighting company to become an ESOP, suddenly closing its doors last Friday with no warning — even to its employees.
Sadly, the number of well-known companies disappearing virtually overnight is becoming more common lately. While this is the first instance that a sizable residential lighting manufacturer met this fate, this same type of abrupt shutdown has been taking hold across the home goods sector. Earlier this month, 60-year-old furniture mainstay Klaussner closed without warning, as did 110-year-old beloved brand Lane Furniture last November, and a 91-year-old custom furnishings factory in June. Each instance has the same root cause: financial challenges with their overseas supplier. Those lighting manufacturers who rely on an assortment of overseas factories for production, instead of one source, have fared the best. While container costs have dropped considerably over the past few months, it may not be enough to keep some companies afloat. Most economic forecasts predict better stability in the first quarter of 2024 and beyond. I’m hoping the turmoil subsides and we have fewer “surprises” like Kenroy. What changes are you seeing in the market? Let me know.
|
|
|
|
|
|
Trending Products
CoviO Graze Architectural Wall Graze & Wall-Wash Fixture
The CoviO Graze architectural wall graze and wall-wash fixture from Cooper Lighting Solutions offers 8 precise bi-directional optic distributions.
Read More
|
|
New Performance Options for Ashbery Series
Landscape Forms has expanded its Ashbery lighting family by broadening performance capabilities to allow this popular line of area lights to suit a greater range of outdoor spaces.
Read More
|
|
Sponsored Product
Lighting and Lighting Controls for K-12 Schools
Acuity’s Lighting for K-12 schools creates energy-efficient spaces and provides quality lighting while offering the latest in lighting and controls technology. From classrooms and cafeterias to libraries and locker rooms to gyms and hallways, and everything in between, Acuity’s exceptional products, services and resource guides make school lighting simple and bring unique value to schools.
Learn more HERE.
|
|
|
|
|
|
Featured Articles
Use Caution When Relying on AI to Find Utility Rebates
Artificial Intelligence (AI) is being used to save time and perform research in many categories. Think twice before using it to discover current rebates, however, as there are potential pitfalls.
Read More
|
|
Internships & Other Incentives Hope to Fill Labor Gap
As the construction industry continues to face an extreme labor shortage, which ultimately slows the completion of projects, there are new efforts underway to entice a younger workforce to join the trades.
Read More
|
|
Single-Family Starts Rise, But Don’t Cheer Yet
According to recent reports, the number of single-family home starts was higher in July; however, the multifamily sector has decreased not only for the month, but on a year-over-year basis.
Read More
|
|
Sponsored Product
ID+® 2" Cylinder – Downlight, Wall Wash & Adjustable Accent
Focal Point’s innovative small cylinder offers numerous options to elegantly tackle challenging lighting applications in multi-use, residential, hospitality, office and open office spaces. Lumen outputs of 500lm-1700lm and a variety of mounting options make the miniaturized cylinder suitable for shallow, sloped, and high ceilings. An easy-to-adjust bezel ensures perfect aiming for wall wash applications.
View Video.
|
|
|
|
|
|
Case Study Spotlight
Targetti Lighting Helps Mule Alley Renovation Shine
A top attraction in the Dallas/Fort Worth area, The Stockyards National Historic District recently received a facelift, and lighting manufacturer Targetti Lighting was thrilled to be a part of the massive renovation.
Read More
|
|
|
|
Trending Events
Light & Health Online Courses Are Filling Fast
Two online certificate courses focused on the proper lighting design for the health and wellness market start in September and are offered by the Light and Health Research Center’s (LHRC). Registration closes soon.
Read More
|
|
ArchLIGHT Summit Schedule Has Been Released
The upcoming ArchLIGHT Summit, to be held September 19 & 20 at the Dallas Market Center, has released the full schedule of educational sessions and social events.
Read More
|
|
Deadline Is September 1 for Potential LEDucation Speakers
LEDucation is accepting proposals for the March 2024 educational program through September 1. The 2024 Trade Show and Conference is set for March 19 & 20 at the New York Hilton Midtown in New York City.
Read More
|
|
| This email was sent to @. |
