How much of Lovesac’s revenue comes from haram?
Lovesac earns its revenue from designing and selling furniture.
Its products include modular couches, premium foam beanbag chairs, and furniture-associated home decor accessories.
Practical Islamic Finance concludes:
None of Lovesac’s revenue comes from anything inherently haram.
Does Lovesac rely on interest to operate?
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What is Lovesac’s Environmental, Social, and Governance (ESG) impact?
Environment
According to Lovesac, the company uses recycled kraft cardboard to ship its products.
Social
Lovesac has a Glassdoor rating of 3.4 out of 5.0 from over 200 current and previous employees compared to a 3.3 average for all other Glassdoor rated companies.
Governance
No notable governance highlights.
Practical Islamic Finance concludes:
Lovesac has a net positive ESG impact.
Comfort Rating
From Lovesac’s business, financial, and ESG reviews, Practical Islamic Finance rates Lovesac stock as: