LOVE - Will Lovesac's New Product Move the Needle?
Lovesac (NASDAQ: LOVE) promised earlier this month that it would be unveiling a new "never-before-seen product" this week. The media event took place on Monday. Was it enough to get investors excited again for the maker of premium beanbag chairs and modular sectionals?
The new product line -- Sactionals StealthTech Sound + Charge -- could appeal to audiophiles hoping for a bar-raising home-theater experience. It features thin Harman Kardon speakers with wireless charging that can be tucked away inside the Lovesac Sactionals pieces. A subwoofer that embeds in one of the seats will provide some extra oomph to the experience. A center channel completes the experience of a surround-sound experience with front- and rear-firing speakers and subwoofer working together for an immersive sound system.
Image source: Lovesac.
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Will Lovesac's New Product Move the Needle?