The Lovesac Company
Climate Impact & Sustainability Data (2023-10-29, 2024, 2024-08-04 to 2024-11-03)
Reporting Period: 2023-10-29
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Slowdown in demand due to macroeconomic factors (inflation, rising interest rates, housing market conditions, consumer debt, global conflicts, uncertainties in global financial markets).
Mitigation Strategies
- Pricing strategies, productivity improvements, and cost reductions to minimize the effects of inflation.
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Sactionals StealthTech Sound + Charge product line
Reporting Period: 2024
Environmental Metrics
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2024-08-04 to 2024-11-03
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Slowdown in demand for home furnishings due to macroeconomic factors such as increased inflation, elevated interest rates, weak housing market conditions, consumer debt and available credit, layoffs, political uncertainty, global conflicts and uncertainties in the global financial markets.
Mitigation Strategies
- Pricing strategies, productivity improvements and cost reductions to minimize the effects of inflation.
- Investments in infrastructure to support the Company's growth, including research and development costs on existing and future products and foundational technology investments.