Gerber Finance provided funds for ABC Carpet & Home, a home and lifestyle brand.
The home goods market and retailers have been experiencing record growth in 2020, as people are spending more time at home. One challenge for retailers is expanding offerings and inventory quickly, as demand is regularly exceeding forecasts. ABC Carpet & Home will use the funding from Gerber to react to market and customer needs.
“As strange as it may sound, we are a people-driven financial company — we look for partners and brands that have a similar worldview and ethos as us,” Jennifer Palmer, CEO of Gerber Finance, said. “ABC Carpet and Home is not only an iconic business, but also its fair trade and responsibly sourced business practices are market-leading and a key factor for us in establishing a funding relationship.”
“In an increasingly dynamic retail environment, having an agile and strategic finance partner is critical to us,” Aaron Rose, CEO of ABC Carpet & Home, said. “Gerber Finance’s personalized approach, values orientation and Gerber Finance Foundation work resonated with our team and needs.”
