Average rate on a 30-year mortgage in the US rises to highest level since July
Modernization measures and their influence on rents: An analysis 12-22-2024 07:17 PM CET | Industry, Real Estate & Construction Press release from: Schwarzat Capital A new bathroom can work wonders (© Sven Schwarzat ) The modernization of apartments plays a decisive role in increasing the value of real estate. For investors like Sven Schwarzat and companies like Schwarzat Capital GmbH, these measures are a key factor in both improving living comfort and maximizing rental yields. Although Schwarzat Capital GmbH is mainly active in Leipzig, most aspects are likely to apply nationwide. But which modernization measures have the greatest impact on rental prices? Energy-efficient refurbishment One of the most important measures is energy-efficient refurbishment. This includes insulating facades, roofs and windows and replacing old heating systems with modern, energy-efficient versions. According to studies, such investments can significantly reduce energy costs for tenants and thus increase their willingness to pay. Sven Schwarzat emphasizes that energy-efficient modernization not only offers ecological benefits, but also significantly increases the value of the property. Bathroom and kitchen refurbishment A modern bathroom and a high-quality kitchen are among the most popular modernization projects that have a direct impact on rental prices. Apartments with these amenities generate higher rental income as they significantly increase living comfort. Schwarzat Capital GmbH has demonstrated in numerous projects that targeted investments in these areas can significantly increase the attractiveness of properties for potential tenants. Smart home technology With the digitalization of living space, the demand for smart home solutions is also increasing. Intelligent heating and lighting systems, surveillance cameras and voice control systems are increasingly perceived as standard. Sven Schwarzat emphasizes that young target groups in particular are willing to pay more rent for such amenities. Schwarzat Capital GmbH often integrates these technologies into its modernization projects in order to offer future-oriented living concepts. Floor plan optimization Changing or optimizing the floor plan of an apartment can also have a significant impact on rental prices. Open-plan living areas that connect the kitchen and living room are particularly popular. Such modern living concepts can often be easily realized by demolishing non-load-bearing walls. For Sven Schwarzat and Schwarzat Capital GmbH, such measures are an effective way of maximizing the potential use of living space. Accessibility As society ages, accessibility is becoming increasingly important. The installation of elevators, step-free access and wheelchair-accessible bathrooms also makes properties attractive to older target groups. These measures often lead to higher rents as they appeal to a broader target group. Conclusion The right selection and implementation of modernization measures is crucial to sustainably increasing rents. Energy-efficient refurbishments, bathroom and kitchen renovations and smart home technologies are among the most effective measures. Sven Schwarzat and Schwarzat Capital GmbH rely on a combination of these measures to optimize both living comfort for tenants and profitability for owners. Experience from numerous projects shows that targeted investment in modernization not only increases the competitiveness of a property, but also ensures stable rental income in the long term. About the author: Sven Schwarzat is Managing Director of Schwarzat Capital GmbH, based in Lützen. With this GmbH and also privately, he holds numerous properties in his portfolio, carries out construction projects and rents out his apartments. His focus is in and around Leipzig. His expertise and experience make him a reliable advisor for general questions on real estate and specifically on the Leipzig real estate market. About Schwarzat Capital GmbH: Schwarzat Capital GmbH, based in Lützen, is a leading company in the field of real estate investment and development. The company specializes in the acquisition, refurbishment and letting of residential properties in Leipzig. For further information, please contact (also responsible for this press release): Schwarzat Capital GmbH Mr. Sven Schwarzat Ernst-Thälmann-Straße 18 06686 Lützen Germany phone ..: 034444909876 web ..: http://www.schwarzat-capital.de email : info@schwarzat-capital.de You can use this press release - even in a modified or abridged form - free of charge on your website with a source link to our homepage. Schwarzat Capital GmbH Ernst-Thälmann-Straße 18 06686 Lützen Germany https://www.schwarzat-capital.de Herr Sven Schwarzat 034444909876 info@schwarzat-capital.de Schwarzat Capital GmbH, based in Lützen, is a growing real estate company that specializes in letting residential space. The company is particularly active in the student housing sector and offers modern and affordable rental solutions in attractive locations. This release was published on openPR.Party City to close its stores as company files for bankruptcy LOS ANGELES (AP) — Party City announced that it's going to “wind down” its retail and wholesale operations as it prepares to shutter nearly 700 stores nationwide. The company said Saturday it has also filed for Chapter 11 bankruptcy protection "to maximize value for the benefit of the company’s stakeholders.” The New Jersey-based retailer said it will keep more than 95% of its 12,000 employees to help with the process of closing down. Customers have flocked to Party City for Halloween costumes, favors for children’s birthday parties and decorations for New Year’s Eve celebrations for nearly 40 years. It has faced growing competition from Walmart and Target and from occasion-based pop-up stores such as Spirit Halloween. A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now? Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks. The money will be directly deposited into eligible people’s bank accounts or sent in the mail by a paper check. Most people shouldn't get their hopes up about receiving the cash. The IRS says it’s distributing about $2.4 billion to taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns after missing one of the COVID stimulus payments or receiving less than the full amount. The IRS says most taxpayers eligible for the federal stimulus payments received them. Bluesky finds with growth comes growing pains — and bots Bluesky has seen its user base soar since the U.S. presidential election, boosted by people seeking refuge from Elon Musk’s X, or wanting an alternative to Meta’s Threads and its algorithms. The platform grew out of the company then known as Twitter and was eventually intended to replace it. While this is still very much a pie in the sky, Bluesky’s growth trajectory could make it a serious competitor to other social platforms. With growth, though, comes growing pains. It’s not just human users who’ve been flocking to Bluesky but also bots, including those designed to create partisan division or direct users to junk websites. 'Sonic 3' bests 'Mufasa: The Lion King' at the box office NEW YORK (AP) — In the holiday season battle of big-budget family movies, Paramount Pictures’ “Sonic the Hedgehog 3” sped past the Walt Disney Co.’s “Mufasa: The Lion King” to take the top spot at the box office. The results came just ahead of the lucrative Christmas corridor in theaters. According to studio estimates, “Sonic the Hedgehog 3” debuted with $62 million in ticket sales over the weekend. “Mufasa,” however, was humbled in its opening weekend, coming in notably shy of expectations. It returned just $35 million in domestic ticket sales. Amazon and Starbucks workers are on strike. Trump might have something to do with it Amazon delivery drivers and Starbucks baristas are on strike in a handful of U.S. cities as they seek to exert pressure on the two major companies to recognize them as unionized employees or to meet demands for an inaugural labor contract. Strikes during busy periods like the holidays can help unions exercise leverage during negotiations or garner support from sympathetic consumers. One expert says he thinks workers at both companies are “desperate” to make progress before President-elect Donald Trump can appoint a Republican majority to the National Labor Relations Board. Workers at Starbucks, Amazon and some other prominent consumer brands are fighting for their first contracts after several locations voted to unionize. Farmers are still reeling months after Hurricane Helene ravaged crops across the South LYONS, Ga. (AP) — Farmers in Georgia are still reeling more than two months after Hurricane Helene blew away cotton, destroyed ripened squash and cucumbers and uprooted pecan trees and timber. Agribusinesses in other Southern states saw costly damage as well. The University of Georgia estimates the September storm inflicted $5.5 billion in direct losses and indirect costs in Georgia alone. In rural Toombs County, Chris Hopkins just finished harvesting his ravaged cotton crop and figures he lost half of it, costing him about $430,000. Poultry grower Jeffrey Pridgen in Georgia's Coffee County had four of his 12 chicken houses destroyed and others badly damaged. Farmers say more government disaster assistance is needed. Ex-OpenAI engineer who raised legal concerns about the technology he helped build has died Suchir Balaji, a former OpenAI engineer and whistleblower who helped train the artificial intelligence systems behind ChatGPT and later said he believed those practices violated copyright law, has died, according to his parents and San Francisco officials. He was 26. He was well-regarded by colleagues at the San Francisco company, where a co-founder this week called him one of OpenAI’s strongest contributors who was essential to developing some of its products. But he grew disillusioned with the company and told The Associated Press this fall he would “try to testify” in copyright infringement cases against it. Federal Reserve's preferred inflation gauge shows price pressures eased last month WASHINGTON (AP) — An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains. Prices rose just 0.1% from October to November. Excluding the volatile food and energy categories, prices also ticked up just 0.1%, after two months of outsize 0.3% gains. The milder inflation figures arrived two days after Federal Reserve officials, led by Chair Jerome Powell, rocked financial markets by revealing that they now expect to cut their key interest rate just two times in 2025, down from four in their previous estimate. Albania to close TikTok for a year blaming it for promoting violence among children TIRANA, Albania (AP) — Albania’s prime minister says the government will shut down video service TikTok for one year, blaming it for inciting violence and bullying, especially among children. Albanian authorities held 1,300 meetings with teachers and parents following the stabbing death of a teenager in mid-November by another teenager following a quarrel that started on TikTok. Prime Minister Edi Rama, speaking at a meeting with teachers and parents, said TikTok “would be fully closed for all. ... There will be no TikTok in the Republic of Albania.” Rama says the ban will begin sometime next year. Albanian children comprise the largest group of TikTok users in the country, according to domestic researchers. Stock market today: Wall Street rises to turn a dismal week into just a bad one NEW YORK (AP) — U.S. stocks rose to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one. The S&P 500 rallied 1.1% Friday to shave its loss for the week down to 2%. The Dow Jones Industrial Average jumped nearly 500 points, and the Nasdaq composite gained 1%. A report said a measure of inflation the Federal Reserve likes to use was slightly lower last month than expected. It’s an encouraging signal after the Fed shocked markets Wednesday by saying worries about inflation could keep it from cutting interest rates in 2025 as much as earlier thought.
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Pretty much anywhere you go in Japan you can find scenes of natural beauty and sites of cultural interest. But along with the appeal of the great outdoors and grand history, there’s another major reason to make you way to Japan’s various regions: delicious local foods. In a recent survey of 559 Japanese adults, Hankyu Travel found that two out of every three said that eating regional specialties was a reason they picked their in-Japan travel destinations, with only about 10 percent saying food isn’t a factor at all for them. The researchers then asked those foodie-minded travelers which prefecture they wanted to go to, producing a top-10/10-course list of must-visit destinations for food travel in Japan. The first food that springs to mind for Miyagi is gyutan , or grilled beef tongue, the representative food of the prefectural capital of Sendai. Miyagi is also famous for its zunda edamame -based desserts and their hazy moyamoya flavor, and visitors in winter can enjoy the famous oysters of Matsushima Bay and locally caught kinka mackerel. Kagawa is so synonymous with udon noodles that the tourism board sometimes refers to it as “Udon Prefecture.” The local variety, called sanuki udon , is famous for the firm chewiness of the noodles, and is so loved that many udon restaurants open early in the morning to serve breakfast. There’s also a special winter version, called shippoku udon, with winter vegetables simmered in sardine stock broth. Kagoshima is famous for its satsuma -age fried fish cakes and kurobuta pork, the latter of which makes for some tasty hot pot during the winter months. The prefecture is also Japan’s top producer of farmed amberjack (called kampachi in Japanese), and if you’re looking for some alcoholic accompaniment to your meal, Kagoshima’s sweet potato shochu is not to be missed. Without a lot of tourism attractions, Toyama doesn’t get as many travelers as a lot of other places in Japan. However, Toyama Bay is a treasure trove of delicious seafood, such as shrimp, crab, and especially yellowtail ( buri ) that are extra-sweet in winter when they’ve bulked up against the cold. Toyama even has its own local ramen style, Toyama black ramen, with a deeply colored soy sauce broth. 6. Osaka Prefecture (21.7 percent) In contrast to Toyama, Osaka is one of the top travel destinations in Japan, thanks to sights such as Osaka Castle and Universal Studios Japan. Osaka City in particular, though, also has a long-standing reputation as a town filled with gastronomic gusto, as evidenced by its huge number of takoyaki (octopus dumpling) stands and restaurants serving up kushikatsu (deep-fried skewers of meat, seafood, or vegetables) and Osaka-style okonomiyaki , in which the ingredients of the savory pancake are mixed together in a bowl before cooking. Osaka can also do classy cuisine too, with tecchiri , blowfish (f ugu ) hot pot, being a popular meal in autumn and winter. Like Osaka, Kyoto doesn’t necessarily need great food to attract visitors, being Japan’s capital of traditional culture (and confusing communication). Still, you can find all sorts of great things to eat in Kyoto, from locally grown vegetables (called Kyo yasai ) prized for their freshness and flavor, to yudofu (tofu simmered in kombu stock) and nishin soba (buckwheat noodles with dried herring). And of course we can’t forget all the mouthwatering matcha desserts created courtesy of the quality tea grown in the Kyoto town of Uji. Ishikawa, located on the northern side of Japan’s main island of Honshu and bordering the Sea of Japan, probably could have made the list on the strength of its crab and sushi alone (which is why we made multiple visits to Omicho seafood market during our one-night stay in the prefectural capital of Kanazawa). Add in the appeal of Noto beef from Ishikawa’s northern Noto peninsula, delicious but without the brand-name-fame prices of Kobe beef, and your stomach will be very happy on a trip here. As the most far-flung part of Japan, Okinawa has a very unique food culture, and it’s a very tasty one too. The distinct flavor of goya champuru , bitter melon stir-fry, and soki soba (noodles with boneless pork ribs), More adventurous types might want to try the pig’s feet, while your sweet tooth can be satisfied with various taro desserts, sata andagi frybread, or the frozen treats of local-favorite ice cream brand Blue Seal. Plus, this is the only part of Japan where you can regularly find spam musubi rice balls. Fukuoka’s location along the northern coast of the southwestern island of Kyushu gives it good seafood access, and this is Japan’s top prefecture for mentaiko (spicy cod roe). The biggest name in Fukuoka food, however, is Hakata ramen. The downtown Fukuoka City neighborhood of Hakata is the mecca for these thin, firm noodles served in tonkotsu (pork stock) broth, with the roadside yatai (stalls) being the most atmospheric place to chow down on them. Finally, for the top of the list, we go all the way to the top of the map of Japan. Hokkaido, Japan’s northernmost prefecture, has a couple of things going for it from a foodie standpoint. It’s Japan’s most spacious prefecture, and all that agricultural land results in the country’s best-loved corn and potatoes, and also ample dairy space for cheese, ice cream, and other milky delights. Hokkaido’s colder waters result in better-tasting crab, and aficionados largely agree that Hokkaido’s uni (sea urchin) and ikura (salmon roe) are head and shoulders above their counterparts from other parts of Japan. Factor in Hokkaido’s famous soup curry (thinner and spicier than standard Japanese curry) and flat-grilled mutton (called “Genghis Kahn” in Japan), and Hokkaido has something to satisfy just about any craving, making it an undeniably great place if you’re packing your appetite when traveling in Japan. Source: Hankyu Travel via PR Times Read more stories from SoraNews24. -- What part of Japan has the best food, and what should you eat there? -- The ultimate Shinkansen trip: Riding Japan’s bullet train network from one end to the other -- Prefectural rivalry in Japan: Survey reveals which areas compete against each other, and whyShohei Ohtani wins 3rd AP Male Athlete of the Year award, tying Michael Jordan for 1 shy of record
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Uwill Founder & CEO Michael London Named Innovator in HealthcareORONO, Maine — One of the major reasons the University of Maine men’s hockey team has gotten off to a 7-2-2 start has been the play of its special teams. Entering Friday’s 7 p.m. sold-out game at the University of New Hampshire, the lone game of the weekend for the two teams, UMaine’s power play has the eighth-best conversion percentage among 64 Division I schools at 25.5 percent. The penalty-killing unit has an 87.5 percent success rate. And the Black Bears have scored two shorthanded goals. They are a plus-nine on the special teams with 12 power play goals and two shorthanded goals while their opponents have scored five power play goals but no shorthanded tallies. Senior center Nolan Renwick, who plays on both the power play and penalty kill, said their special teams success has resulted from hard work. “Special teams can get a little lax sometimes, especially on the power play,” said Renwick, one of the Black Bears’ alternate captains. “You can sit back and rely on your skill. But we have harped on hard work and competing and making sure we are outworking our opponents’ power play and penalty kill.” Senior center and alternate captain Harrison Scott agreed. “We bring intensity and urgency to everything on the special teams,” said Scott, who also plays on both units. “You can’t be lackadaisical. You have to be attentive. On the power play, we’ve gotten shots on net and caused chaos. “On the penalty kill, we’ve been structured. We look at what they like to do. We like to be aggressive. We bring intensity and we put pressure on them,” said Scott. Lynden Breen, a co-captain and graduate student center, said playing on special teams is a matter of pride. “It’s about finding that extra effort,” said Breen. “We ensure that each guy takes pride in being on the power play and the penalty kill. The big thing is you have to think about the guys who aren’t on the power play and penalty kill (units). You have to play for them and play for each other. You have to give it everything you’ve got for the important times.” The Black Bears have players who have been on the special teams for years and that is beneficial, according to Renwick. He pointed out he has worked with assistants Jason Fortier (power play) and Alfie Michaud (penalty kill) for four years. “That familiarity and experience (helps),” said Renwick. “We’re building year after year and we’ve come to this. But we have to keep going.” UMaine head coach Ben Barr praised the special teams but said there is room for improvement. “The execution piece of it (has been the key). We’ve spent a lot of time on (special teams),” said Barr. “(Fortier) has done a great job with the power play units and (Michaud) has done a great job with the penalty kill. “But just as good as it is, it can go the other way fast, too. So we have to keep getting better,” said Barr. One of the keys on the power play has been gritty junior left wing and alternate captain Thomas Freel, whose seven power play goals lead the nation. He also has an assist on the power play. Scott has two goals and six assists with the man-advantage, sophomore right wing Charlie Russell has 1 & 7 and junior defenseman Brandon Holt has 1 & 5. Renwick has the other power play goal. Senior left wing Taylor Makar and junior left wing Owen Fowler have the shorthanded goals. The Black Bears are off to the program’s best 11-game start since the 2006-07 team went 8-2-1. And they will be looking to snap a six-game winless streak at the Whittemore Center in Durham, N.H. UMaine is 0-3-3 in its last six in Durham including 6-2 and 5-2 losses a year ago. UMaine got a measure of revenge with a 5-0 win over UNH in Orono in their Hockey East quarterfinal. “This gives us a chance to go into a really hostile environment against a really good team and test ourselves,” said Barr. “We had that chance two weeks ago and failed that test.” He was referring to Boston College’s 3-2 and 3-0 victories over UMaine at BC. “We haven’t had any success (at UNH) in a really long time,” pointed out Barr. “They smoked us down here last year two games in a row. “So you have all those things that are part of taking another step as a team and it’s going to take every single one of us (to win). I’m excited about seeing if we can take a step as a program and go to a really tough place knowing that the odds are stacked against us and get a job done,” Barr added. Scott pointed out that the Black Bears have already ended two negative streaks this season by snapping a 16-game winless streak at Northeastern (0-14-2) with a 4-1 victory and beating Boston University 5-2 last Friday after having lost the previous six games to BU. “We’re not scared to go down there. If anything, we’re excited to have that Alfond Arena experience only we will be having it against us,” said Scott. Scott continues to lead the Black Bears in scoring with six goals and 10 assists. Holt has 2 & 11 and he is followed by Russell (3 & 9), Freel (7 & 4), Makar (4 & 6) and Renwick (5 & 3). Right wing Josh Nadeau (2 & 4), UMaine’s top returning scorer off last year’s team and a third team All-Hockey East pick, is listed as day-to-day after suffering a head/facial injury against BU in Saturday night’s 2-2 tie. UMaine sophomore goalie Albin Boija has a 7-2-2 record with a 1.64 goals-against average and .928 save percentage. UMaine is 4-2-2 in Hockey East. UNH is 4-3-2 overall and 1-2-2 in league play. The Wildcats returned their top seven scorers off last year’s 20-15-1 team. Ryan Conmy, last year’s leading scorer with 14 & 17, and Cy LeClerc, last year’s No. 2 scorer with 10 & 18, are again 1-2 on the team in point production as Conmy has 6 & 4 and LeClerc has 3 & 6. Four players have five points apiece in Robert Cronin (2 & 3), Nick Ring (2 & 3), Liam Devlin (1 & 5) and defenseman Colton Huard (0 & 5). Defenseman Alex Gagne (1 & 3) was a third team All-Hockey East choice a year ago. Alaska-Anchorage transfer Jared Whale is the No. 1 goaltender and has a 2.10 GAA and .912 save percentage.
BOGOTÁ, Colombia (AP) — One of Colombia’s legendary drug lords and a key operator of the Medellin cartel has been deported back to the South American country, after serving 25 years of a 30-year prison sentence in the United States. A short while later, Fabio Ochoa was again a free man. Ochoa arrived in Bogota’s El Dorado airport on a deportation flight on Monday, wearing a grey sweatshirt and carrying his personal belongings in a plastic bag. After stepping out of the plane, the former cartel boss was met by immigration officials in bullet proof vests. There were no police on site to detain him. Colombia’s national immigration agency promptly posted a brief statement on the social media platform X, saying Ochoa was “freed so that he could join his family” after immigration officials took his fingerprints and confirmed through a database that he is not wanted by Colombian authorities. Ochoa, 67, and his older brothers amassed a fortune when cocaine started flooding the U.S. in the late 1970s and early 1980s, according to U.S. authorities, to the point that in 1987 they were included in the Forbes Magazine’s list of billionaires. Living in Miami, Ochoa ran a distribution center for the cocaine cartel once headed by Pablo Escobar . Escobar died in a shootout with authorities in Medellin in 1993. Ochoa was first indicted in the U.S. for his alleged role in the 1986 killing of Barry Seal, an American pilot who flew cocaine flights for the Medellin cartel, but became an informant for the Drug Enforcement Administration. Along with his two older brothers, Juan David and Jorge Luis, Ochoa turned himself in to Colombian authorities in the early 1990s under a deal in which they avoided being extradited to the U.S. The three brothers were released from prison in 1996, but Ochoa was arrested again three years later for drug trafficking and was extradited to the U.S. in 2001 in response to an indictment in Miami naming him and more than 40 people as part of a drug smuggling conspiracy. He was the only suspect in that group who opted to go to trial, resulting in his conviction and a 30-year sentence. The other defendants got much lighter prison terms because most of them cooperated with the government. Ochoa’s name has faded from popular memory as Mexican drug traffickers take center stage in the global drug trade. But the former member of the Medellin cartel was recently depicted in the Netflix series Griselda, where he first fights the plucky businesswoman Griselda Blanco for control of Miami’s cocaine market, and then makes an alliance with the drug trafficker, played by Sofia Vergara. Ochoa is also depicted in the Netflix series Narcos, as the youngest son of an elite Medellin family that is into ranching and horse breeding and cuts a sharp contrast with Escobar, who came from more humble roots. Richard Gregorie, a retired assistant U.S. attorney who was on the prosecution team that convicted Ochoa, said authorities were never able to seize all of the Ochoa family’s illicit drug proceeds and he expects that the former mafia boss will have a welcome return home. “He won’t be retiring a poor man, that’s for sure,” Gregorie told The Associated Press earlier this month.
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STAMFORD, Conn., Dec. 05, 2024 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: LOVE) (“Lovesac” or the “Company”), the Designed for Life home and technology brand, today announced that it will release its financial results for the third quarter of fiscal 2025 before market open on Thursday, December 12, 2024. The Company will host a conference call at 8:30 a.m. Eastern Time to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial 877-407-3982 (international callers please dial 201-493-6780) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at investor.lovesac.com. A recorded replay of the conference call will be available within two hours of the conclusion of the call and can be accessed online at investor.lovesac.com for 90 days. About The Lovesac Company Based in Stamford, Connecticut, The Lovesac Company (NASDAQ: LOVE) is a technology driven company that designs, manufactures and sells unique, high-quality furniture derived through its proprietary Designed for Life approach which results in products that are built to last a lifetime and designed to evolve as customers' lives do. The current product offering is comprised of modular couches called Sactionals, premium foam beanbag chairs called Sacs, the Sactionals StealthTech Sound + Charge System, and the most recently launched PillowSacTM Accent Chair. As a recipient of Repreve's 7th Annual Champions of Sustainability Award, responsible production and innovation are at the center of the brand's design philosophy with products protected by a robust portfolio of utility patents. Products are marketed and sold primarily online directly at www.lovesac.com, supported by direct-to-consumer touch points in the form of our own showrooms, as well as through shop-in-shops and pop-up-shops with third party retailers. LOVESAC, DESIGNED FOR LIFE, SACTIONALS, SAC, SEAT, and STEALTHTECH are trademarks of The Lovesac Company and are Registered in the U.S. Patent and Trademark Office. Investor Relations Contacts: Caitlin Churchill, ICR (203) 682-8200 InvestorRelations@lovesac.com