In short
Business of Home Podcast Notes
Episode Summary In this episode of the Business of Home Podcast, host Dennis Scully and executive editor Fred Nikolaus discuss significant news in the interior design community, including recent layoffs at Food52 and Schoolhouse, the establishment of a new design district in Charleston, and a reflection on how COVID has reshaped the design industry. Later, John Edelman joins the show to talk about updates with Heller, focusing on sustainability and new product developments.
---
Key Discussions
- News Highlights
- Layoffs at Food52 and Schoolhouse
- Food52 reduced its staff by about 40%.
- The CEO, Erica Baden, announced a shift away from dropshipping to focus on Schoolhouse, which raises concerns over operational viability after significant staff cuts.
- Historical timeline provided - Food52 was once a thriving company with over 300 employees but has seen a drastic reduction.
- New Design District in Charleston
- Developer Jamestown is creating a design district in the city's Navy Yard, with 150,000 square feet of showroom space.
- Brands like Schumacher and Cravett have already signed leases, highlighting a growing design scene in Charleston.
- Impact of COVID on the Design Industry
- Reflecting on the changes brought by the pandemic, the conversation questioned whether the anticipated "decade of home" truly materialized.
- Virtual tools became more common, but the desire for in-person experiences and gatherings has also surged post-COVID.
- Interview with John Edelman (Heller)
- Edelman's Journey with Heller
- Discussed his acquisition of Heller after the passing of Alan Heller and his passion for authentic design.
- His experience at Design Within Reach and how it shaped his approach to Heller.
- Sustainability Initiatives
- Introduction of regenerative furniture through a partnership with Worry-Free Plastics, which allows products to decompose in a zero-oxygen environment, enriching soil instead of contributing to waste.
- Commitment to using recycled materials in Heller's products is a key focus going forward.
- Challenges in Business
- Discussed the current climate of rising costs due to tariffs and how it impacts pricing strategy.
- Importance of maintaining authenticity in design while adapting to business pressures.
- Cultural Observations
- The episode highlighted a trend of homeowners moving away from traditional kitchen islands in favor of more classic kitchen tables, reflecting a shift in lifestyle and design preferences.
- Highlighted the passing of Pilar Velades, a respected figure in design journalism, with tributes from the community emphasizing her impact.
---
Key Takeaways
- Industry Adaptations and Challenges
- The design industry is undergoing significant changes due to economic pressures, shifts in consumer behavior post-COVID, and ongoing challenges with traditional manufacturing and sustainability practices.
- Sustainability as a Priority
- Companies within the design space are recognizing the importance of sustainability, with innovative approaches being taken to address environmental concerns.
- The Role of Community and Events
- The resurgence of in-person gatherings is vital for the design community, as it fosters connections and collaboration among designers, brands, and consumers.
- Future of Design
- The ongoing conversation about authenticity in design and the dangers of "dupes" stresses the importance of supporting original design and innovation.
---
Conclusion This episode of the Business of Home Podcast provided an insightful look into current trends and challenges in the interior design industry, touching on pressing issues such as sustainability, the impact of COVID-19, and the evolution of consumer preferences. The discussions highlighted both the resilience and adaptability of the design community in navigating these changes.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Transcript
Automatic transcript. May contain errors.0:07This is Business of Home. I'm Dennis Scully and welcome to the Thursday show. Later on I'll be checking in with John Edelman about the latest with Heller. But first, we're going to catch up on the news, including layoffs at Food 52, a new design district in Charleston, and a look back at how COVID has changed the industry. To do all that, I'm joined by Business of Home's executive editor, Fred Nikolaus. Hi, Fred. Hi, Dennis. How's it going? Great. How you doing? I'm doing good. How's LA treating you? Well, it's a beautiful day out here in LA, although I wouldn't know because I'm in this room, Fred, recording the Thursday show.
0:42So, yeah. Sorry to keep you chained to your computer to discuss the design industry's biggest news. Listeners should know Dennis is in L.A. to do an event, a very important event. I think it'll be over by the time the show airs, but do you want to quickly shout it out? For the love of home, that's right. Big fundraiser, fire relief fundraiser that we're doing at the Pacific Design Center. And you're right, it will have already happened by the time this show comes out. But I bet people can sneak in a donation after the fact, if you're so inclined. Yeah, exactly. So before we get started, I have to quickly ask, so listeners may not know this, but Dennis Scully is a very natty dresser.
1:20Always dressed in a sport coat and a pocket square. Do you have a California wardrobe? Are there shorts? Well, you know, there aren't shorts, thank goodness. But I did try and think of what could be a little bit lighter, a little bit looser here in LA. I was noticing at breakfast all the guys were kind of in jeans and high tops. So I feel like I need to run and get some Air Jordans perhaps before I make more appearances. We'll see if those come together. Let's quickly look back on Monday's episode, a conversation with interior designer Nick Olson. Wunderkind of the early aughts, but now a mature designer with a mature design business.
2:02What did you think? Indeed, it was so fun to catch up with Nick. I've long been an admirer of his career, and it was fun for him to share his early origin stories and to catch up with how everything is going for him. A really enjoyable conversation. What did you think? Well, one thing that jumped out to me is just that Nick was very loud and proud. Like, I'm a decorator. I'm not an interior designer. I'm an interior decorator. It was so interesting because that really, you know, we've talked about this on the show a couple times, but, you know, that term can be sort of loaded and charged, and it's really changed over the years.
2:38And Nick is an example of a younger, I was going to say younger designer, but a younger decorator who really embraces, you know, the term decorator and doesn't see anything kind of less than about it. So I thought that was, you know, a small but really interesting component of hearing a story. I agree. And it seems like it is, it has become a hot button issue again, this distinguishing between these two. And Nick points out that, of course, many of the people that he so much looks up to, whether it's Albert Hadley or even Miles Redd, who he worked for for many years, proudly call themselves decorators.
3:12And so he's sticking with that. It's, as I say, it's a hot button issue. I am taking a little bit of heat for it myself in some of the conversations I'm having with some people, but I feel we want to hear from all voices. So yeah. Only the tough questions here on the Thursday show. Well, it was a fun one. Yeah. No, no, no. I hope people will enjoy it. He's a good conversationalist, our Nick Olson. So it's a fun show. All right. We're going to get into the news in just a moment, but first a quick break.
3:45This podcast is sponsored by Jayport Living. Since 1978, Jayport Living's mission has been to revolutionize the rugmaking industry by transforming traditional weaving into a lifeline for women artisans. Each handmade rug is a love story from one of over 40 ,000 artisans. Weaving rugs at Jaypore Living is not just a craft. It's a lifeline that empowers artisans to unleash their creativity, enabling them to achieve dignity, independence, and a purposeful life. Experience this soulful art at jayporeliving.com. Jaipur Living. Honoring the makers. Transforming lives.
4:33And we're back. First up, layoffs at Food52, Fred. Yes. Last week, the digital media brand announced that it had reduced its staff by around 40%. CEO Erica Badden says that the company will drastically cut back its dropshipping marketplace and focus on Schoolhouse, which, of course, it owns. Big, big cuts. Yeah, I'm so sorry about this one. I'm such a fan of the founders of this company, and we had them on the show years ago when they first got their great big investment, when the company was valued at$100 million, if I recall. And it's weathered quite a few storms since then. Should we look back on the timeline of all of this, Fred?
5:15Yeah, how did we get here? So Food52 was founded as, I guess, a recipe blog. And it had this formula of doing what is now a fairly common play, content with commerce. So they'd publish great recipes and they'd include a link to buy flatware or cooking supplies largely aimed at home cooks. And it was, you know, very successful. It was a recipe, no pun intended, that really worked. And it was so successful that they raised an absolute gobsmacking amount of money. In 2019, they raised$83 million from the Churnin Group, a media investment company. And then just a couple years later, they basically doubled that investment, which was money that went towards buying the West Coast brand Schoolhouse.
5:56So, you know, that's an absolutely huge amount of money. It's over$160 million that went into the brand as of 2021. But then, ever since then, it's been this real kind of sad story of cuts. I think when they bought Schoolhouse, they had over 300 employees with all the companies combined. They also bought Dansk, the tabletop company. Then 2024, they had cut 45 employees. But at that point, they were already down to around 200 people. This most recent cut went from 140 to 90 people. So you're looking at a company that only four years ago had over 300 employees. It's now down to 90. It's been a real sad tale over there for the past few years.
6:38Yeah, I mean, and what do we make of it all? I mean, as you say, it was this great concept for a hot minute, all this content, and all of the fun products. And when they came on the show, originally, Amanda Hesser and Meryl Stubbs, the founders, they were talking about how the community helped to develop this product that they would sell. They all kind of weighed in on what was the best apron and what was the best tools. And all of these things became best-selling items. And they were really leaning into that heavily. And it seemed like during COVID, people couldn't get enough. Everyone was at home making sourdough bread and all of that.
7:21And then, like what, it all just went away? Yeah, I mean, I don't think it was just one thing. I think it was a lot of little things. As you said, the content e-commerce thing was really powerful for a long time, especially during COVID, and it really helped them raise money at this crazy valuation. But over time, this idea of putting up a recipe, having affiliate links, doing dropshipping around that became a very common play. A lot of media brands started doing it. A lot of influencers started doing it. And suddenly, Food52 isn't the only kid on the block. And at the same time, of course, the COVID home boom is ending, which I'm sure really impacted them.
7:57Google and Meta stopped sending traffic to publishers the way it once had, which I'm sure really impacted them. So that's all kind of like the weather that made things a little bit difficult. And then lastly, I just think there was internal dysfunction. You know, I've done some reporting on this. I've spoken to former Food52 employees. They all talked about how, you know, the people in the company are pulling in different directions. Big decisions didn't get made. You know, there were new priorities, you know, every month. And even the CEO, Erica Baden, was talking about how there was big technological upgrades they just never did and needed to finally implement.
8:30And, you know, Alex Bellos, the West Elm veteran, was the CEO for a while, and people described his time there as very tumultuous. Schoolhouse, which had operated sort of happily and profitably as an independent company, didn't like being tinkered with. They signed, Food52 signed an enormously expensive lease in Brooklyn's Navy Yard. They have a giant office there that I imagine now is fairly empty. I'm sure they're looking to get out of that. So, you know, I know that's a lot, but I do think all of it contributed in some way to where the company is now. you know and and where they are now is that they really want to focus on schoolhouse you know uh that seems to be the the company that's the part of the company that's kind of the viable go-ahead business the problem is they just cut it so much that um yeah i don't know yeah exactly i mean schoolhouse seems to be the big focus and and completely moving away from all of the food 52 related merchandise it seems and i i don't know how as you and i were talking about earlier I don't know how they run and grow Schoolhouse in a meaningful way on such a lean staff.
9:32Yeah, completely. And I mean, on that note, Adweek reported on Friday about these layoffs. Now they have a new story talking about how Food52 in an internal meeting was discussing essentially shuttering Schoolhouse's Portland manufacturing operation and using the brand but relying on outside manufacturers to make its product. I don't know if that's 100 % something that they are going to do, but it seems like it's on the menu. And if that does happen, it would just be really too bad. When Food52 acquired Schoolhouse, it was, I think, close to 200 people. It was this kind of spunky little engine that could, great design, American manufacturing story.
10:12and to sort of see it kind of gutted this way is really just, it's just too bad and kind of a cautionary tale about what can happen when you get tens of millions of dollars of private equity money into the picture and something just, something goes badly, badly in the wrong direction. Now, we should say that the CEO, Erica Bodden, has talked about this, you know, the struggles here. And, you know, she put up a podcast earlier this week talking about how Food52 is a great brand that a lot of people trust. and Schoolhouse has a future and who knows what'll happen. But I don't know. Right now, it's very much answer unclear, ask again later.
10:50It's not at all clear to me what happens. And yeah, I'm just hoping for the best because there were so many great people who worked there over the past couple of years who were laid off on Friday. And I'm hoping that for those who remain, the next chapter is a happier one because it's been rough times over there. Yeah, no, no, no, I agree. It has been rough for some time, and I too am just such a huge fan of the brands and a huge fan of the founders, and I'm sorry that this is all how it's ended up, as you say. Every time I use that Foo52 spatula, it makes me smile, Fred, so I'm particularly close to this one.
11:29But moving on, let's talk about South Carolina, because this week, developer Jamestown announced a plan for a new design district in Charleston. Located in the city's Navy Yard, Jamestown plans to dedicate 150 ,000 square feet of showroom space to the area. So far, Schumacher and Cravett have already signed leases. And I think this is an exciting one. What do you think, Fred? Yeah, well, I've actually never been down there, but you have. You know, one thing that the press release pointed out is that there's already a few design brands in this facility, including our friends Urban Electric, Dave Dawson fame.
12:03So you went down there to visit, Dave, and check out this facility. What's it like? Yeah, you know, it's interesting. I was visiting with Urban a while back, and Dave Dawson was telling me about the grand plans for this. It's interesting because it very much was, at least the last time I was there, an old naval yard. So there wasn't a lot of construction. Not a lot had been built up. So you had to use your imagination for what this was going to look like. And obviously, it was a multi-year project. So it'll be interesting to see how all of this evolves and what it means for designers and perhaps them not having to travel so far to have all of these resources, right?
12:46Because in the past, it was a big trip. Yeah, exactly. I mean, I think it's long been a pain point in the industry in the Southeast, which is that, am I going to make the five-hour, four-hour drive to ADAC in Atlanta? I do think there's clearly an opportunity to set up a hub outside of Atlanta for designers in the southeast. And I think Charleston, every year that goes by, there's some cool new design business that pops up in Charleston. I know a few years back, Rebecca Atwood moved to Charleston. And we had coffee a couple days ago. And she was talking about how great it is there and what a design scene there is.
13:19So I'm sure that there's a lot of opportunity. I do think these things are always risky. Right now, they've got a few anchor tenants. I'm sure they've got some more lined up. Who knows what it'll be like in the long term? But I do think it's kind of exciting to have some good news on the design center, design district front, because it feels like there's just been so much turbulence. And what with the Cohen situation feeling so unsteady, it's nice to have some investment in a new design area. And I'm hopeful that it can be a winner. Yeah, no, I agree. And there's so much happening in the South, as we've talked about, and it's just an area where people appreciate and desire design in such a meaningful way.
13:58So I'm excited to go visit. It sounds like they're going to have a great rooftop restaurant, which I'm looking forward to. So lots of reasons to come to Charleston, get my room at the Dewberry ready. Okay, moving on. Let's talk about news from the world of real estate, Fred. Last week, we found out that Compass was in talks to acquire Berkshire Hathaway's Home Services of America, a deal that would consolidate two of the country's largest real estate brokerages. And this comes just on the heels of another big merger. Last week, we talked about how Redfin was being acquired by Rocket Mortgage. Seems like there's just so much consolidation in real estate, right?
14:34Seems like there's so much consolidation, and you always have to be a little bit nervous when Warren Buffett is parting with one of the companies that he owns. Rarely does he sell off an asset. And so you have to feel, does this tell you just how challenging the real estate business is that Warren Buffett is, you know what, yeah, you can have this one. You can have this asset. Sure, take it. Yeah, it's so funny because I was looking at the history of Warren Buffett selling companies. I think the last major company he sold was a newspaper company. So that strongly indicates the health of the industry that he's selling off.
15:11But yeah, of course, I mean, Home Services is the name of the Warren Buffett's real estate brokerage company. And they have not been having a great few years. They were kind of wrapped up in the big NAR settlement where brokers and brokerages were accused of price fixing. And it was a big antitrust lawsuit. We actually talked about it last year. We'll talk about it a little bit more in just a minute. But they were on the hook for$250 million. And that really eats into their profit margin. But just more broadly, every brokerage is kind of hurting. There's no brokerage that's doing great right now because the housing market is still very stubbornly frozen.
15:47And people who buy and sell homes or people who help people buy and sell homes are not doing great at the moment. So this is a good time to sell a business that's not doing that great. It definitely seemed as though this was one area of the economy where Warren Buffett said, you know what, it looks like it's going to be challenging for years to come. And so rather than going the other way, the man has how many billions, hundreds of billions in cash that he could have plowed into this business. And clearly, he sees this as a long-term challenge. So I think that tells us a lot. I think the consolidation in the industry will continue.
16:24As you say, Rocket and Redfin is just one of many such consolidation deals that we'll no doubt be hearing about. And part of what hasn't changed very much, as we'll talk about, Warren Buffett's company was the last to come into the agreement around the NAR settlement. And he was, I think, sort of waiting for all of the chips to fall. And what we're hearing is that not too much has changed as a result. Yes? Yeah. Just to sort of recap this. So in 2023, actually two years ago at this point, there was a big ruling in a lawsuit that essentially changed the underpinning of the way that real estate brokers do their business.
17:02So historically, the way it worked is if you wanted to sell your house, you had to agree to pay the broker who was representing you a 6 % commission of the sale price. And then that real estate broker would in turn work with the buyer's broker and split it with them. So give them 3%. Sometimes the number was a little bit smaller, but it was usually around 5 % to 6%. And there were lots of problems with that, namely that the broker who were the buy and sell side were kind of colluding sort of softly between each other, which potentially made it more expensive to buy and sell a home. And so there was a big lawsuit around that.
17:33And eventually, a judge agreed that, yes, this is price fixing. This is monopolistic behavior. You guys have to cut it out. And all the big brokerages, including Warren Buffett's, had to pay tons of money in this lawsuit that they were wrapped up in. And of course, the NAR, the National Association of Realtors, was the biggest loser in all of this. And so there was all these think pieces at the time. And we certainly talked about it. And we speculated that this might forever change the way that homes are bought and sold. But as one of the New York Times reporters who broke a lot of these stories, you know, wrote about Deborah Kamen in an article last week, not actually that much has changed and that brokers are still kind of finding ways around this ruling and, you know, still kind of colluding, I guess maybe that's too strong a word, but working with the buy and sell side or finding ways to work together.
18:16And she pointed out this example of this guy who tried to sell his home himself and the real estate brokers in his town kind of worked against him and it turned into kind of a social media flame war. And yeah, it just seems like movement has been very slow on that front. It's interesting. And as you say, I mean, and Debra, we've had her on the show a couple of times, and she talked about the fact that she certainly thought that there were plenty of reasons for cost savings to be found. They haven't materialized. What does seem to have materialized is a lot of brokers dropped out of the industry.
18:51There was a staggering figure that came out from multiple sources last year showing this huge percentage of brokers had one transaction or zero transactions last year. And so it does seem in all of this consolidation, we're going to see fewer and fewer perhaps brokers sort of sticking it out and riding through this difficult time. But it also shows you that that structure, that 6 % structure is pretty hard to change. And there weren't a lot of incentives among the community to really make meaningful change. So interesting. Yeah, it just kind of goes to show you how much culture plays a role. You know, it's like...
19:30Well, I think at the time when we talked about it, so many brokers were so skeptical and thought that anyone was saying that costs were going to come down, that people were just being naive if they really believed that. And I think, interestingly, that's how it's played out. I remember Leonard Steinberg at the time just said, that's the most ridiculous thing I've ever heard. This will in no way change the cost structure. And it seems, at least for the time being, he was absolutely right. So interesting. Yeah, I mean, I think that's a good point. And although it's, you know, as the article pointed out, it's not like the, you know, it's not like these things change overnight necessarily.
20:07I think what has to come along is a better mousetrap. You know, someone has to actually leverage all this AI that we're all so scared of or excited about, depending on the day, you know, and turn it into a tech solution that allows, you know, selling your home to be effectively done or buying a home to be effectively done and coming up with a solution that people trust. And maybe that is a pipe dream. I don't really know. But I do think that the amount of money that we spend on real estate transactions in the U.S. far dwarfs other countries, where we spend so much more on this stuff. And I do think that it would be nice if some of that money could go to designers.
20:39Some of that money could go towards making the home that you buy beautiful and not just having an enormous, expensive, empty white box. So that's my pipe dream. I'll cross my fingers that it comes true one of these years. No, that's a position that we're always taking. And as you say, I mean, maybe the super apps that Zillow is trying to build and Rocket and Redfin are trying to build, maybe those will be what finally brings the cost down. But it certainly seems like it has years to play out yet. Moving on, Fred, we're going to talk about COVID. It's been five years since the pandemic started here in the U.S.
21:15Fred, you wrote for the site this week a story looking back at all the ways that COVID has changed the design industry. Has it, Fred? Has it changed the design industry? Well, it's interesting because we were talking about this before we hit record on the show, and your position is not one thing has changed. I'm curious. Do you really think nothing has changed? No, no, no. I don't think that. I just think it's, what I think is interesting is how much we might have thought was going to be different years ago when you and I were doing shows every week, living through it and talking about everything the companies were doing at the time to create virtual showrooms and to create all of these tools and how we imagined the world would be so different.
21:57And it doesn't feel all that different. Well, the present always has a way of feeling normal after a minute. So I know what you mean. But it's funny that you mentioned that because if we can rewind all the way back to, let's say, 2019, if you listen to episodes of the podcast from that time, you will hear loud police sirens in the background. And it's because our studio is on 29th Street and Business of Home's former offices. And we always recorded the podcast in person. And now we almost never do. And we don't have that office anymore. Because for a long time, we didn't have an office. So at least one thing has changed, which is the way the Business of Home podcast is recorded.
22:34But I think, you know, to that point, a lot of that virtual stuff doesn't exist anymore. You know, there was all these ideas where we're going to have virtual show houses are going to be the norm or they're going to be a supplement to the norm. I don't think there's really been a virtual show house since 2023. And even that felt like a little bit of an outlier at the time. You know, virtual showrooms, I still think people do do visualizations of their showrooms here and there. But it's certainly not the, you know, it has not become the norm. Like not every showroom has a virtual showroom at this point.
23:03And, you know, so many things like that. I mean, if you remember Instagram Lives, where it was like every event will be replaced by a series of Instagram Lives, that's obviously not the case. Mercifully, that hasn't happened. Yes, exactly. Nothing is worse than the shame of popping into an Instagram Live with two people in it, feeling like he can't leave, just leaving it on. But I do think the industry has changed a lot always. And virtual stuff, I think, is part of it. You know, as I was saying, we record the podcast virtually. But a lot of designers, I think, do a lot more stuff virtually now.
23:32I mean, the expert, I think, is a great example of a business that could have existed before COVID but didn't. And COVID was the catalyst that led a lot of designers to explore doing these virtual consults as a way to sort of make money on the side and to work with clients who don't have quite the budget for the full magilla. But you don't think so? No, no, no. And listen, I mean, again, I'm sort of tongue-in-cheek joking about nothing has changed, obviously. I mean, yes, the virtual tool has been tremendous for designers, for the industry, for the Business of Home podcast. It's made so many things possible.
24:04But what I thought was interesting related to that, for a hot minute when everybody was on Zoom, everybody was saying, oh, well, I'm not going to need to travel as much. I'm not going to need to go on all those sales calls and go to all those meetings and visit all those showrooms where I've got product or designers talking about, oh, am I really going to go to shows? And in an interesting way, I feel like designers became even more passionate about going to trade shows as a result of being deprived from that time. When you see people in Paris, they are so thrilled to be there. This is just like everything that they wanted.
24:44That whole notion of revenge travel that was born out of everybody being locked down for a while. I think you see that so much in the early days of the High Point shows after lockdown. People were so happy to have that community again. Yeah, I think that's absolutely right. And I think we all remember just how much we missed being in person, and it became such a valuable thing. But on the other hand, I do think a lot of the big fairs haven't fully recovered the audience that they lost during COVID. I know it's a little bit far afield, but if you look at IMM Cologne, they canceled 2025 because of all the audience they lost during COVID.
Read the full transcript
25:20And that's Europe, not here. But, you know, and there was, of course, that big story about how Salone, the big festival, was losing people to the sort of smaller satellite fairs. So I do think there was some attrition during COVID, whereas I think you sort of see the rise of these sort of smaller events that are a little more communal, a little more intimate. But yeah, you are right. It's certainly not like we're all, you know, beaming in via hologram to look at the Century Showroom. That definitely has not happened. When I look at like what feels really different in the industry as a result of COVID, interestingly, I think our earlier story about the Charleston Design District is one of the things that I think has been an outsized impact from COVID is just how much the geography has changed in terms of important markets.
26:04And I think that's actually very significant and tied to COVID. Yes, no, Texas for sure. I mean, all the people fleeing the big coastal hubs definitely is a big part of the story. Nashville getting bigger. I mean, you can even see a situation where it was like Austin got bigger, then peeled back a little bit. So we've already been through two cycles around from sort of the shift to leaving these big coastal cities. So I think that's something that's definitely changed. I think kind of like for me, just to sort of close the conversation, one of the big open questions is there was a lot of talk during COVID around how this is going to reorient Americans' obsession towards their home.
26:40So, you know, for the past 20 years, we've all been obsessed with work and we've been traveling and we've been going to parties. But now we're going to focus on the home. This is going to be the decade of home. This will have a lasting impact on American psyches around the importance of home. And, you know, what we've seen since the sort of COVID boom is over is actually a huge drop off and, you know, purchasing for home goods. But I sort of think that's, you know, largely explained by the fact that just people had bought all the stuff that they needed during COVID. So the big question for me is that once we get past that sort of four or five, six year cycle, when some of that stuff starts to wear out a little bit, are we going to see the same, you know, continued elevation of the importance of home that we saw during COVID?
27:20Or was that just sort of a flash in the pan? And that's a big open question. I don't know if Americans are going to as forever be obsessed with their homes as they were during 2021 and 2022. But what do you think? No, I think it's a great point. And I think that the lasting impact of the outdoor space remains. And clearly, and we've talked about that on the show, that part is still very strong. But you're right. We got so giddy with the decade of home and thinking that this was going to be the golden age. And it certainly hasn't felt like a golden age for the last several years. Don't even look at that price chart of our age, Fred, because it is down hard and way fair too.
27:59So, I mean, it certainly hasn't been a golden age. I will be so curious if we get through this higher mortgage rate, slow housing market, what it looks like on the other side. But I fear that we're in for some tough sledding for a while to come. So that golden age of home, I don't know, fits just around the corner. And speaking of America's love of home, Fred, we're going to move on to talk about Kitchen Islands. For the Wall Street Journal this week, Maria Neumann spoke with nine homeowners who were ditching their center islands and swapping out for classic kitchen tables. This is Gail Davis's revenge here, Dennis.
28:36I know you reached out to designers on Instagram about this. I'm hoping that she was the first one to reply to your poll. Well, Gail Davis is indeed feeling vindicated, ladies and gentlemen. And yes, I joked about how poor Gail had to practically go into the witness protection program after her own kitchen was published without an island. And the world just exploded. How can you live like that? What's wrong with you? But Gail felt like she was in the right. She felt like she had Sophie Donaldson's Uncommon Kitchen book behind her. and she felt like more people should have a nice table and some chairs.
29:18And now it seems like at least everyone they spoke to for this article seems to agree, right? Exactly. Nine homeowners, which is definitely a statistically meaningful number if there ever was one. Yeah, I mean, I do think that there is a little bit of a movement towards, you know, away from the sort of hyper-prescribed built-in kitchen where every element is bolted into the wall. And Sophie Donaldson, formerly of Business of Homes Parish, has a book on Common Kitchen all about these kitchens that are very kind of European, a little bit more composed of furniture that you can pull out of the floor.
29:55So I think it's a little bit of a movement. I don't know if it's a trend sweeping the nation, though. I still think there's a lot of support for islands out there. But what did designers say to you on Instagram, Dennis? I'm curious to hear what they said. Well, it's interesting because a lot of designers talked about the fact that it was challenging to have the conversation with clients because it seemed a little unconventional. Atelier Arm Brewster talked about this very issue that she's actually tried to present not having an island to clients, but it sort of makes them nervous on some level.
30:29And whether it seems unconventional or whether, as we've talked about in the past, the whole issue of resale or thinking about what will the next person think. But interestingly enough, several people weighed in feeling quite strongly that, no, you need to have an island, dot, dot, dot, particularly if you have children. So one of my favorite follows actually on Instagram is Mary Orton Scudellari, who is absolutely hilarious. And her coverage of home is always fun and entertaining. She, interestingly enough, is redoing her kitchen with none other than Gene Stouffer, former guest of the show and kitchen designer extraordinaire.
31:10and apparently the first order of the day on the redesign is to get that island back because Mary has had numerous children over the past few years and you want to have those kids on a level surface where you are when you're working in the kitchen and that was a big issue and Parker Boy Larson weighed in with essentially the same notion that if you have kids, an island is actually just so much easier to clean up and there's all sorts of organizational benefits to it. So it was, there went the romance for those darn kids, right? Well, it's funny because like one of the people in the Wall Street Journal article said that they actually wanted a table specifically because they had kids, because they felt that like their little kids gyrating on one of those bar stools and falling off and dropping knives from a four-foot height was dangerous enough in itself.
31:59So I think that issue can cut, no pun intended, both ways. I don't know. I mean, I have kids. I don't have a kitchen island because my kitchen is too small, so it's maybe a separate issue. I do think it is interesting, though, just to realize that the kitchen island is not some invention that was handed down from the ancient Greeks and has always been in the American kitchen. It's a relatively new obsession, and I think that I had an interview a while back with Karen Williams. I think she's now the proprietor, or certainly a leader at St. Charles Kitchens here in New York, and she was talking about how Or, you know, the 90s was the rise of an island, and you had whole archipelagos of Kitchen Island, three-part islands.
32:38And so it is something that's relatively recent, and I don't see a reason why it always has to be there. But I do think there is, you know, frankly, a lot of utility in them. And I think that, you know, if you want a Kitchen Island, I don't think you should feel bad for or off-trend for having one. But I also don't think it should be the default, and I think we should all collectively owe Gail Davison an apology on that one. Exactly. This is Gail Davis' moment, and I'm happy for her, and I want her to drink this in. All right. Finally, some sad news. Pilar Velades, design journalist and Shelter Magazine veteran, has passed away.
33:15A graduate of Harvard University's School of Design, Velades went on to publish a prolific amount of design coverage, serving as editor at House and Garden and Architectural Digest, before becoming design editor at the New York Times Magazine and T Magazine for nearly 17 years. She was a generous mentor, a meticulous and acute colleague, and a lovelier friend, wrote design journalist Julie Lasky on Instagram. The world will be much doubtier without her. That is a great tribute from Julie, and this was just terribly sad to hear about. Pilar was just always a fixture in the design world and someone I definitely looked up to.
33:53and she had a razor sharp wit. If you sat down next to her at dinner, you know she would make a few satirical comments. I remember the first time I met her, I explained, oh, I cover the business of interior design. And she was like, oh, I didn't know it was a business. She was terribly funny and a very sharp writer. And this is just very sad, but it's also very sweet to see the tributes pouring out to Pilar on Instagram today. And I'm sure there'll be more. Yes, no, she was widely admired. a former colleague of my wife's for many years, and my wife was enormously fond of her as well. She will definitely be missed, and I'm sure there will be a tremendous outpouring for her.
34:33All right, that's it for the news, but there's plenty more to check out on businessofhome.com, including a look at Rarify's next steps and a profile of a glass artist who's reviving traditional techniques. We'll be back in a minute, but first, a quick break.
34:51We're taking a quick break from the show to remind you about Jaipur Living. Jaipur Living's curated collection of geometric rugs brings the art of angles and timeless craftsmanship into the home. Inspired by the patterns of faraway places, from Moroccan tiles to Bauhaus lines, these artisan-made rugs tell a story of style, movement, and a life well-traveled. Let a handcrafted geometric rug transform your space. Explore the collection at jpoorliving.com or follow at jpoorliving on Instagram. And now back to the show.
35:35and we're back i'm joined now by the ceo and president of heller john edelman i thought about making you a smoking jacket sir because this is your this is your third time visit on the show you're you're part of the third timers club and uh i'm like the alec baldwin of uh of your podcast well i'm so glad to have you i'm so glad to be here as always it's an honor I really appreciate it. And I know we've got big news to share, some developments going on for you. But before we get there, last time you were on the show, actually you and John McPhee were on the show together talking about some of the many things that you got into after you both finally left DWR.
36:19and one of the things that you got involved with is Heller and you had just been there a few months when last we spoke. So I thought it would be good for us to get a bit of a catch-up and for you to remind us about how you came to acquire Heller and the relationship that you had with Alan Heller over the many, many years that you knew him. Yeah, I mean, Heller is so much a part of my story starting in 2010, January 4th of 2010, when we took over Design Within Reach. The New York Times had come out to Connecticut and taken a picture. And I thought there was going to be this amazing, heroic article coming out, you know, Edelman McPhee coming to save Design Within Reach.
37:07And it was going to be heroic. And the article comes out and the title of the article is, Is There a Solution Within Reach? and instead of this like you know gorgeous picture of me which i was hoping for it was a picture of alan heller holding his bellini chair over his head looking for the logo because designer each had knocked him off right so i inherited this lawsuit where he was suing everybody he sued all the executives he sued the buyers and it was terrible and you know now as you well know i'm the i'm the current president of be regional america as i've stated my whole career on fighting for authenticity.
37:43So I knew it was the worst thing in the whole world. So that was January 4th. We were commuting to San Francisco. We finally met with Alan in February in New York. John and I went to his office on 5th and we apologized. And we said, Alan, you know, we're sorry for our predecessors. We believe in authenticity. We took all of the knockoffs out of the stores, off the website even, and made friends with Alan and built a business and became quickly his biggest customer. And during that time, during those 10 years at DWR, I just was fixated on the concept of Heller and how he made product. And when we sold Design Within Reason, when we did leave, I knew I had to buy Heller.
38:26And Alan tortured me. He literally just tortured me. He'd get me right to the brink and they'd go, no, no, no. By the way, I'm getting buried with all the molds. And unfortunately, after COVID, Alan got sick and passed away. And I went to his widow, and we negotiated, we purchased the company, and she told me post-acquisition that we were the only people that were allowed to buy the company, per Alan. So for all the hard time he had given you, and I remember he used to say, buy it from my widow, and then, right? Exactly. Buy it from the widow. We did. But no, so it was emotional. Why Heller? You know, the past, you know, decades I've devoted my life to authenticity and to modern design.
39:07And I got to decide after DWR, like, what did I want to do with my life? You know, I did a few interesting ventures. I'm involved with Krypton. I'm involved with Chilowich, companies that I love. But I don't run those companies. And I know I didn't want to go back into retail. I love design. I love designers. I love industrial designers. I love the interior design trade. And since I love design, Heller is pure design. So the way the development process works, you have a brief, you give it to a designer. First, they translate to brief. They create something on the computer. We like this. We don't like that.
39:44And then we print it. And because of our manufacturing technique, it molded. The print is what you're going to get. So then you refine the small piece. Then you print it full size. You sit in it. You touch it. You rub it. You see if it's comfortable. You do sit tests. You watch a movie. You sand it. You scan it. You print it again. So by the time you go to mold, you're done. And then it's the same every single time. When you're done, you don't have to worry that the cushions on a sofa don't meet in the middle or the leather has wrinkles from the neck or the fabric's a different dye lot. You can make the same thing over and over and over.
40:19And if you make a great design forever, if you look at the collections that we inherited, Bellini, Gary, Vignelli, like he didn't do much with it. But oh, my goodness, the chances of getting designs like that, creating iconic museum quality modern design are few and far between. So that was the base we had to build on. Right. We had to fix everything. We had to figure out our factory structure. He didn't have any client lists or data or anything, no e-com. Making a new piece of Heller is really expensive, right? Because the molds are very, very time-consuming and costly to produce. So to make a decision to go forward with the design is a big deal.
40:59And he would get almost all the way there and kind of bail. Almost all the way there. And he was interested in new materiality, but he couldn't quite get over the finish line. But he built a brand, an amazing, phenomenal brand. yeah and so we had to fix a lot of stuff um i had to build a little team we had to figure out the logistics you know packaging the whole deal because it was like buying a collection of design with no structure you know my job has been for a long time you know celebrating designers from the past telling their romantic backstories explaining why you know iconic authentic product lasts forever but if you don't constantly look for the next thing that story gets old yeah right then we met on the internet, a company called Jumbo Studios.
41:44I saw this crazy spun aluminum chair that was for$45 ,000 in an offline green tint. An idiot to me is like, that's the best thing I've ever seen. So I reached out to them, you know, literally info at Jumbo Studios. Again, my name is John. Would you like to play together? And they said, yes. And that took two years. And we launched the fortune share the year after. Well, so tell me about that. Help me understand better what takes two years. Tell me about the process. Just to do every aspect perfectly took forever. The drain hole has a flange at the bottom so the water goes straight down versus puddling.
42:22We built the feet into the piece. We made it so it was very easy to take a cap out and fill it with sand. It was just really hard. And actually making this shape comfortable was really hard because we didn't start from scratch. We started with an existing sculptural piece. And if we don't make the furniture comfortable, we shouldn't be in the business because we have freedom to move it around. Jumbo was amazing. It wasn't because of them. It was just a more complicated design. So then we had to find a way to sell it. We had to get back into design within reach. When Alan was sick and management changed, they were out of DWI, the biggest account.
43:00So I had to beg, borrow, and steal to get back in because they weren't interested in the business. The company hadn't launched a product in 20 years. They hadn't been communicated to the buyers, and the product wasn't selling very well. So it wasn't like, oh, gee, Edelman's at Heller. Bring him in. Let's do a huge program. I went bottom-up versus top-down and met this amazing group of young people that are there. And we developed this magic relationship. And our other clients like Two Modern, Lumens, Hive, were also just super supportive of building the brand back on that side. And then on the other side, which is a side I know very well, which is hospitality, corporate interiors, we put together a group of multi-line salespeople across the country to bring our product to architects and designers because that's my favorite world.
43:50And then I hit the road and traveled with those people. So it's been a blast. When you went on the road and traveled with people, what were people saying? What were people's response, their hesitancy, their questions to you? Who's this company? What do you guys do? And then the biggest baggage besides the samples I carry is for plastic furniture. And so, oh, that's great design. Edelman, you have a good reputation, this and that. But we don't put plastic in the library. Isn't plastic bad? How do you feel about working in plastic? So that was, if they didn't like just love the design and bring me in, that was always kind of a roadblock, right?
44:31So I had to figure that out. So sustainability is key. And I was the guy that gave a water bottle and plastic to every single person that walked in design with a reach as a way to say hello. And times change. And we have to evolve with those times. I'm also the idiot that bought a plastic furniture company. So what do you do? You can either double down and work like the government does and say plastic's great and light everybody, or you can fight to change it and make a difference. So I've always preached that the number one form of sustainability is longevity. Great design survives the test of time.
45:10Number two, recyclability. So inherently, because of our ingredients, you can recycle our product anywhere. And I inherited that. So then we found a way to use recycled materials in the mix. And that's hard. It's very hard in the United States. We're not good at it. But we were able to find recycled post-agricultural waste, which were the black plastic strips that separate crops. And since they're all the same color, we're able to make our colors consistently with that product and use up to 25 % in the mix. And that was a big breakthrough. Hmm. Okay. So, so awesome. We're recycled. We have longevity and we're using recycled materials.
45:52And that's where most of the industry sits today. Um, and then if I'm allowed to go there, you know, we met this amazing guy through a former designer than reach a friend of ours named Sarah Zafko. She's, she's amazing. She has her own TV show. She's a go getter. She's, she's a wild personality. And she had an old friend that got involved with a company called worry-free plastics and took it over. And the concept of worry-free is they got inspired by the technology to clean oil spills, where they would throw an enzyme into the oil, it would eat the oil and produce basically fish food. They said, why can't we use that same technology and embed it in plastic?
46:34And they did it. So we worked for 18 months on how to add their product into our mix. And we just announced that we did it. So Heller Furniture is the only regenerative furniture in our industry, in our materiality, I think in any materiality. So what's that mean? If you take our product in a zero oxygenated environment for three to five years, it will literally become food. It will be eaten by microbes, enzymes, et cetera. And then they they poop nutrient-rich soil. It's kind of a miracle. No microplastics, and it leaves the environment better than it found it. So, I mean, out on your deck, nothing is going to be different, right?
47:20So it's not going to start breaking down. You can keep it for 100 years. You can keep it in your pool underwater because in the pool, it's got chlorine that kills those things that'll eat it. But there's a click in the formulation that happens after three to five years with no oxygen. No oxygen is the bottom of a landfill. It's in the ocean. And when that kind of starts the process, it doesn't like dissolve. It turns into food. Because if you dissolved, that would become microplastic. And is the sustainability issue, where does it stand? Are people trying to really push sustainability with ferocity?
47:58Or have people kind of taken their eye off of that as the big issue these days? I don't see anybody taking their eye off the ball. The problem is if it costs more, it doesn't really stand much of a chance. Right. Just the way it is. Okay. We are in a capitalist society. We have budgets. The people building hotels have to make a profit. So the onus is on people like us to find a way to create something sustainable and not make it cost more. So right now, like we're eating that little increase that we have and we're not necessarily passing it on. We're passing on some tariff increases, you know, for our accessories.
48:33Oh, we'll get to that. Yeah, yeah, yeah. But in terms of this increase, we don't believe the customer should have to pay more to do the right thing. And so we have been on this for a while before we made this announcement. And basically now, but really by April 1st, 100 % of our furniture will be made this way, regenerative. But April 1st, our furniture will be sustainable. Okay, so let's talk about this crazy climate that we're in right now for business because, man, I can't remember a time where so many challenges are being thrown at businesses. We can start with tariffs. I mean, you've got things coming in from abroad.
49:17Tell me how it's impacting you, how you're thinking about it. So we make our furniture in the United States and our accessories in China. And we do it because they make them better. We're making them out of 100 % recycled product, which we can't do here. And it's just the right place to be. So we had orders placed. We have clients waiting for them. And they cost 20 % more now. So what do we do? I can't eat a 20 % increase. We had to pass them on. So we're launching a new storage collection. And we had to increase the launch price of 20%. And it's the way it is. And a lot of great furniture comes from those places.
49:56Now we're fighting with Canada. So, you know, we're going to have a problem shipping to Canada. I'm shocked that people don't understand how tariffs work. You know, tariffs are paid by the importer, not by the exporter. So if you buy widgets from a country that's being tariffed, you bring them to the United States, you import them and pay the tariff yourself. And then you pass that cost on to the consumer, which is American people. So things cost more. And so that drives prices up. There's no way around it. But right now, we pay the tariff. And that should be crystal clear. Restoration hardware is bringing a sofa in from China.
50:32Restoration hardware pays the tariff and either take a decrease in their bottom line or pass it on to the consumer. And since they're publicly traded companies, they're not allowed to eat it. They have to pass it on because you can't show quarter over quarter at a decreased gross margin. So we're going to pay more for things, just the way it is. Yeah. It seems like many of the Italian companies are trying to better figure out the American market. We've been talking recently about this Floss B &B Italia roll-up that now maybe looks like they're going to unroll some of that. I don't know what ultimately happens there, but word on the street is B &B Italia is looking to sell off at least the furniture side of that business.
51:15What do you make of all of that? I think most of the Europeans don't understand the American market. and they run the businesses out of italy if they're italian they don't put robust structures in the united states in general they sell the product to the u.s entity and then the at a markup that has to be sold again so the prices are inherently higher the and the world in europe is so different than the states because they call everybody a dealer we have dealers we have retail we have purchasing agents we have this whole completely different structure they don't have these massive design firms in general like we do they're smaller so when they they don't they don't move a centralized headquarters to the states i don't know that there's a huge advantage to combining those companies because they're not getting economies of scale because they're different types of businesses yeah and i think that that the concept of luxury was great but i don't think they thought through the distribution channels and who they're selling to right it's a very narrow audience, an amazing audience, but a narrow audience.
52:21So we'll see. I think it can be done better. It can be done right. I think there are certain companies like a Miller and a Hayworth that have a structure to understand all the markets and invested for more than decades and having great people on the ground in those places. But I think running them out of Europe for the American consumer is a tough one. Do you think this whole roll-up strategy in general ends up working well? So, I mean, as you were saying, Hayworth has a whole host of brands under it, Paltrano Frau and Janice AC and others, and then this big Floss B &B Italia group, and of course Miller Knoll owns several companies that you used to work with.
53:07I mean, what do you think of these companies owning so many brands? Can they run them effectively? It's all about people, Dennis. It's 100 % about the people. Do you put great people in charge of each brand that understand the identity and will bleed to keep that brand true to itself? You know, I've had experiences. You know, I don't want to – I guess I can go to it now because they've changed hands so many times. But Edelman Leather was a great example. My mother and father put their heart and soul in that business. And then John McPhee and I, we worked tirelessly, endlessly, 24-7 to make that the greatest leather company in the world.
53:43And then when they bought it, I don't believe that they put the proper management in place to maintain that aura of the best. If you can speak in superlatives and tell the truth, you've won. How many of these brands can keep their superlatives post-acquisition? I think that's what they have to watch out for. There's a lot of factors. It can be done. you look at reach mall you look at lbmh there's some amazing things have happened i think that the the collaboration between her miller and design within reach and noel is probably going to go down as pretty amazingly successful i think what hayworth has done has been really good i think the only thing that we have to do is look at look at time you know can they can they sustain and will they continually invest in the right people and be true to the brands yeah the worst thing that can happen when you have these acquisitions, they start to meld into one brand and you lose individual identity because they paid for the brand, right?
54:39And brand is everything. I want to ask you something else. One of the other organizations that you have a leadership role in is Be Original Americas. And first, I want to have you tell people exactly what that organization is, what it does, and what you guys are focused on today because we talk a lot about dupes here on the show, John. and your organization. So Be Original Americas is an amazing organization fighting for authenticity in design. We do that through education and through participation from some of the best design companies out there, from Miller & Knoll, Bernhardt, Carl Hansen, Fritz Hansen, Fla, everybody, to Gensler, HLK, Rote.
55:24So on both sides. So you have design firms and manufacturers educating their consumers and their companies about the value of authentic design and the longevity of authentic design. And one of the examples I use is you have a consumer that won't drink out of a plastic water bottle, but it's okay buying a dupe. So the dupe will have no sustainability issues. It's valueless after acquisition and it won't last. So how do you educate people that buying copies is wrong. Every copy purchased slowly kills the future of design. So it took me, I mentioned, almost three years to create the fortune chair.
56:05And if someone copies that, I can't fund the next new item. And we'll slowly just stop having design. That was Alan Heller was obsessed with that. He was obsessed about protecting the future of design. Authenticity and fighting for authenticity protects the future of design. And do you feel like the message is resonating? I mean, we often wonder, where are we in the war on dupes? I mean, are people getting that message? Yes. And the biggest proof of that is on the design side. So we have some of the best design firms in the world as members, and they're the decision makers. So they specify authentic, and they fight for it.
56:46Then it happens. and that's what people want to emulate. So when they see this stuff in the magazine, they see the work of these great firms, they're inspired to do the same. So by having these fantastic firms and design producers be members, they influence their followers and then the story spreads. Well, I hope that it really resonates with the next generation. That's who we need to count on and I hope that they take that really seriously. And as you know, Aaron Bob, when you're a school of interior design, I'm at Parsons. I'm at RISD. We're at the New School, Cranbrook, SCAD, Appalachia State.
57:24We're trying to get the message out there and really work with the students as young as we can get them because they're not really taught that in school. You don't have to teach them about sustainability. They're on it. So how does that relate to authenticity? You don't have to teach them about the value of flea markets and those things that are into design. They're there. That relates to authenticity. You don't have to worry about them getting excited for a new product. They love new products. So if you get them on those concepts, they realize, well, yeah, of course, then you have to support authentic design.
57:58Yeah. Well, I hope more of them will. And listen, I hope this opens a lot of new doors for you. And it sounds like you're going to be able to go back and call on a lot of people that couldn't take the product in the past. So it seems exciting. I'll have to have you back for the fourth time, John, to hear how it's all going. But then I want a special blazer, please. I want a special blazer. I appreciate it. Definitely have that made up for you. I'm so grateful for your time. It's always great to talk with you. This is the best. Thank you so much, sir.
58:34And we're back. We're getting to the end of the show here. But before we go, we'd like to take a moment to highlight anything going on in the industry that caught our eye. Fred, what caught your eye? Architectural Digest caught my eye. this week, Dennis. I know we occasionally like to sort of poke at AD, and certainly many people in the industry do. I think by virtue of the fact that it's the biggest design publication, you know, it becomes a little bit of a target, and people always like to complain about how it's, you know, it's always sort of like a lesser Kardashian's boathouse on the cover of AD, which is, you know, maybe a fair complaint sometimes.
59:05But the cover this month is really kind of a stunningly interesting cover. It's a project by Adam Sharleff Hyman. It's a very vibey bathroom with sort of swirling blue and white tile. It's sort of like the ocean, and it's definitely unusual, definitely not what you normally see on the cover of AD. Very wild. I'm sure some people won't like it, but I think it's really cool and interesting cover, and I just wanted, you know, when we sort of point out that AD does a project with a celebrity that's maybe not up to snuff, I think it's important to point out when they're taking risks and doing something really cool, and this project by Adam Charlotte Pyman is very cool, so kudos to AD for my little shout-out.
59:41Did you look at it, Dennis? You know, I did, and I I think it's interesting. AD seems to have a redesign going on, a different look and feel. They're certainly experimenting and exploring with some different things. So interesting. I'm glad you shouted that out. What caught your eye this week? What caught my eye is the building excitement for, I believe it's Friday's opening of the big French retailer Printemps, which is opening downtown in the financial district. And it's all been designed by AD100 architectural designer Laura Gonzalez. And the images that I've seen so far look incredibly compelling.
1:00:18And there's all these comparisons to, oh, is this the next Barneys? Is this the next big retail store that everyone from the design community and the fashion community is going to want to come and check out and be a part of? And is it going to set the tone for the next big wave in retail? So it seems like it's a big deal. Yes? Absolutely. And thank you for saying promptant first, because I definitely, my French is not what it used to be. So I appreciate that. I agree. It looks stunning. I mean, when I first saw pictures of it, I was like, oh, is this like some set from The Brutalist or something like that?
1:00:55It looks incredible. It's a beautiful project, and I can't wait to check it out in person. Yeah. No, no, no. It looks like a must-visit location. So we look forward to that, and best of luck to everyone there. All right. That's all the time we have today. Thanks so much for listening. If you want to keep up with the latest news, browse job listings, or take a workshop, visit us online at businessofhome.com. If you want to get in touch with the show, write to us at podcast at businessofhome.com. This episode was produced by Fred Nikolaus and Caroline Burke and edited by Michael Castaneda. I'm Dennis Scully.
1:01:30Have a great weekend, and we'll be back with you on Monday.
From the publisher
Host Dennis Scully and BOH executive editor Fred Nicolaus discuss the biggest news in the design world, including layoffs at Food52 and Schoolhouse, a new design district in Charleston, and a look back at how Covid changed the industry. Later, John Edelman joins the show to share some updates on Heller.
This episode is sponsored by Jaipur Living
