With the holiday season approaching, many households and businesses begin their yearly quest for the perfect holiday decorations. However, in the midst of this festive fervor, one question has continued to echo in various online discussions: “Is Balsam Hill going out of business?”
This query has caught the attention of many and for a good reason. Balsam Hill, renowned for its premium artificial Christmas trees and garlands, has been a staple in countless homes and offices worldwide. The mere thought of this beloved company potentially closing its doors has led to a whirlwind of speculation and concern.
Given the company’s immense popularity and the important role it plays in the holiday seasons of so many, it’s important to know how credible this rumor is. Is Balsam Hill going out of business, really? Let’s find out!
A Closer Look at Balsam Hill
Before going to answer the burning question, let’s take a moment to familiarize ourselves with the company Balsam Hill. Perhaps that will help some people understand why the query, ‘Is Balsam Hill going out of business?’ is so important.
Balsam Hill, nestled in the heart of Northern California, is not just any holiday decoration company. Since its inception in 2006, the brand has specialized in creating artificial Christmas trees so lifelike they would easily fool the untrained eye. This authenticity stems from their deep-rooted commitment to mimicking specific tree varieties.
Over the years, Balsam Hill hasn’t just rested on its uniqueness and top recognition. By 2012, Balsam Brands, the owner of Balsam Hill, reported a whopping $34.7 million in revenues. This shows how much the company has grown, especially as an online retailer from Silicon Valley. They even ventured offline in August 2013, inaugurating a showroom in Burlingame, California.
Furthermore, the company has gone into some amazing collaborations and partnerships – which many people call simply innovative. Take, for instance, their 2012 collaboration with ScentSicles for a global Christmas tree decorating event was a groundbreaking one.
Not to forget their charitable endeavors, such as the #CelebritiesforSmiles campaign in 2014, where signed ornaments from stars like Harrison Ford and Gwen Stefani were auctioned for Operation Smile.
All this is to show you how much prominence Balsam Hill has enjoyed in the market. So, when the rumor about its potential closure broke out, it got everyone on their toes. Now, let’s get into that.
Is Balsam Hill Going Out of Business?
To answer this in simple terms, the recent online rumor about Balsam Hill shutting its doors is nothing but a mere rumor. Balsam Hill is not going out of business.
While the brand did face significant hurdles in 2020, primarily due to the COVID-19 pandemic and even filing for bankruptcy, they bounced back with renewed vigor and funding. Their website remains active, and they’re still processing orders.
So, if you come across any speculations recently stating that Balsam Hill is going out of business, you should simply disregard it. The company is not going anywhere. That means we can still have our living rooms and offices decorated with the best artificial Christmas trees this season!
Why is the Company Called Balsam Hill?
Names have power, and in the world of business, they often encapsulate the essence and vision of a company. Such is the case with Balsam Hill. But what’s in a name, especially one as distinctive as Balsam Hill?
At its core, “balsam” is derived from the resinous substance that exudes from certain trees and shrubs. This sap-like material, rich in history and significance, has been a symbol of rejuvenation and healing. Originating from Latin, the term “balsam” is a reference to the gum of the balsam tree. Its etymology traces even further back through Latin, Aramaic, Arabic, and Hebrew, often signifying “spice” or “perfume.”
This association with aromatic and therapeutic qualities is not a mere coincidence. The connection draws inspiration from the biblical “Balm of Gilead,” a healing compound made from the resin of the balsam tree. The balm was renowned in ancient times for its soothing and medicinal properties.
By adopting the name “Balsam Hill”, the company evokes a sense of authenticity, nature, and tradition. It subtly shows their commitment to crafting products that are as close to real as possible, mirroring the genuine beauty of nature.
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How Popular is Balsam Hill?
Of course, if you have read this post to this point, you should already have an idea of the popularity of this iconic company.
Balsam Hill’s fame isn’t just due to its exceptional product range. Their unique approach sets them apart. Unlike many competitors, Balsam Hill designs and manufactures each of its trees. When you invest in one of their trees, you’re investing in a product that’s been crafted with unparalleled attention to detail.
Their lush, full trees, coming with lots of branches, tips, and lights, show how dedicated this company is to serving its customers. And that has earned them a huge popularity among the people.
Is Balsam Hill Presently Facing Financial Challenges?
Most times, when one sees such a query as ‘Is Balsam Hill going out of business?’ it’s natural to think the company is likely facing financial uphill. So, is Balsam going through tough times financially?
Well, the answer is yes. Balsam Hill did face financial challenges, particularly in 2020. However, with new funding and a resilient spirit, the company managed to surmount these hurdles and continue its business operations with the same fervor.
Is Balsam Hill Going Out of Business in the Future?
Looking to the future, Balsam Hill remains optimistic. The brand’s agility in adapting to market trends and its continuous innovation are pivotal to its success.
Moreover, as global consciousness shifts towards sustainability, Balsam Hill is marching in step, integrating eco-friendly materials and practices. Their customer-centric focus, always seeking feedback to refine their offerings, further cements their position as a market leader.
So, is Balsam Hill going out of business in the future? It doesn’t look like it. We see a company that will be around for a long time serving its customers rather than one that will be throwing in the towel soon!
FAQS
Who owns Balsam Hill Tree Company?
The company is owned by Balsam Brands, a privately held company founded in 2006. Balsam Hill has operated under the umbrella of this mother brand since its creation and seems to be doing well under it.
Is Balsam Hill a good brand?
Yes, Balsam Hill is highly regarded for its premium quality artificial Christmas trees and decorations, making it a top choice for many holiday enthusiasts. If you are in the market this festive season for a Christmas tree, you might want to consider picking one from Balsam Hill.
Who are Balsam Hill’s competitors?
Perhaps you don’t want to go with Balsam Hill for some reason; then you should check out some of its competitors. Despite having a huge presence in the market, Balsam Hill still faces competition from brands like TreeTime, Christmas Central, King of Christmas, National Tree Company, Christmas Tree Shops, and Artificial Christmas Tree.
Are balsam trees made in China?
Balsam Hill Christmas trees are conceived and designed by their team in California. The prototypes are developed in their Research and Development (R&D) center in China, where they are also handcrafted.
Is Balsam Hill Flip tree worth it?
Yes, while Balsam Hill Flip Trees can be pricier than other artificial trees, their quality, durability, and ease of setup make them a worthwhile investment for those seeking a lasting holiday centerpiece.
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