Friday, September 21, 2018
TOP STORIES
Incoming CEO outlines Sleepeezee plan to escalate UK, export sales
The newly-appointed UK boss at Sleepeezee's French owner Adova has outlined plans to put its 'under-utilised' Royal Warrant at the heart of a strategy will see it aim to double revenue within four years.
Sleepeezee parent to launch direct-to-consumer brand Beautyrest by Simmons in UK
Adova, the French parent to Kent bed maker Sleepeezee, will launch Beautyrest by Simmons in Britain as part of a plan to 'disrupt the disrupters.'
Burn rate highlights when mattress business Eve will need more cash
Unboxing the cash situation at the emerging direct-to-consumer and wholesale mattress brand?
Steinhoff lines up EY as supervisor for SEAG company voluntary arrangement
Steinhoff International Holdings has fleshed out plans to restructure the debts of its Steinhoff Europe AG (SEAG) business unit, lining up EY as supervisor to a company voluntary arrangement (CVA).
Eve Sleep posts £12m half-year loss and cuts 20% of its workforce
Losses widened at mattress brand Eve Sleep in the six months to end June, the period that led to the departure of its founding CEO and its decision to pare back its international ambitions.
Carpet giant Condor swoops for Dutch rival and its UK business
Condor Carpets, the Dutch floorcoverings conglomerate, has acquired Edel Carpets in a deal that includes its multi-million turnover UK operation in Yorkshire.
United Carpets to post "significantly lower" profits after spending more on marketing
United Carpets Group says it invested more on marketing to prop up flaccid demand in the summer months, meaning half-year profits will be much lower than previously thought.
Argos rises to challenge of upstart rivals as old world embraces the new
It seems fitting that in the same month that WorldStores is phased out as a brand by Dunelm that Argos has been named Large Online Bed Retailer of the Year.
Home down as total John Lewis sales drop nearly £4m last week
Year-on-year home merchandise sales declined for a second straight week at John Lewis & Partners and have now climbed just once in the past 16 weeks.
South East flooring wholesaler confident of profits return
A second straight fall in sales contributed to South East England flooring distributor STS recording a loss last year, though management are bullish on the outlook for 2018.
Old Boot Sofas brand resurrected by owner of Authentic Furniture
Leather and velvet upholstery brand Old Boot has been acquired off liquidators by the owner of Derbyshire based manufacturer and retailer Authentic Furniture.
Decorex moving to new London venue, dateline for 2019 edition
Decorex International, the interior design event taking place in London this week, has announced a new autumn dateline and a change of venue for next year's edition.
INTELLIGENCE
Market Data
Detailed market information about each of the Upholstery, Beds, Cabinet Furniture and Floorcoverings sectors at suppliers' prices.
Discover the up-to-date value of:
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UK production
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Imports
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Exports
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Key Trading Partners
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Total UK market size
BEST READ IN THE PAST MONTH
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Bed brand Eve hires Moonpig boss as CEO
Direct-to-consumer bedding brand Eve Sleep has appointed Moonpig md James Sturrock as CEO. He replaces Jas Bagniewski, who left the business earlier this year.
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Harveys burned by warm weather and World Cup
Furniture chain Harveys bore the brunt of market headwinds as parent Steinhoff International Holdings reported a high single-digit decline in nine-month UK household goods revenue.
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Arlo & Jacob to open its first showroom in the North
Emerging upholstery business Arlo & Jacob will follow up its summer showroom launch at Bristol with a new store at Harrogate, its first in the North of England.
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Former DFS, Fabb Sofas exec Laura Chiddey takes senior post at AHF
Furniture and flooring retailer AHF has appointed former DFS and Fabb Sofas executive Laura Chiddey to the newly-created head of commercial role.
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Harveys builds tension ahead of market launch, but leaves eternal clues
Steinhoff-owned furniture chain Harveys is expected to unveil a major celebrity tie-up tonight as it looks to instil fresh impetus into its business.
INTELLIGENCE
Retail Sales
Up-to-date monthly UK retail sales data spanning total furniture and lighting sales PLUS detailed breakdowns for each of the Upholstery, Beds, Cabinet Furniture and Floorcoverings sectors.
Proprietary granular data covering:
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UK retail sales value and y/y delta. Monthly and annual
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Breakdown by product category
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Historical data
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Monthly and annual figures
OPINION & ANALYSIS
Burn rate highlights when mattress business Eve will need more cash
Unboxing the cash situation at the emerging direct-to-consumer and wholesale mattress brand?
Argos rises to challenge of upstart rivals as old world embraces the new
It seems fitting that in the same month that WorldStores is phased out as a brand by Dunelm that Argos has been named Large Online Bed Retailer of the Year.
Takeover augurs well for furniture chain AHF
The Co-op was once one of the UK's largest retailers of furniture, running dedicated stores and large departments in multi-category shops.
Suppliers to the bed industry take their medicine
Rising input costs have been a recurring theme over the past two years.
RECRUITMENT
DATA & LISTS
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Debt Report: September 15, 2018
Today's list contains eight insolvent companies leaving combined debts of £1,695,565. Names all 19 creditors owed £10,000 or more.
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Corporate bankruptcies in the week to September 14, 2018
Seven insolvencies from within the furniture and furnishings industry were announced in the period September 7–14, 2018.
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Debt Report: September 7, 2018
Today's list contains six insolvent companies leaving combined debts of £933,038. Names all 10 creditors owed £10,000 or more.
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Furniture industry insolvencies in the week to September 6, 2018
Two insolvencies from within the furniture and furnishings industry were announced in the period August 31–September 6, 2018.
TOP STORIES
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Incoming CEO outlines Sleepeezee plan to escalate UK, export sales
The newly-appointed UK boss at Sleepeezee's French owner Adova has outlined plans to put its 'under-utilised' Royal Warrant at the heart of a strategy will see it aim to double revenue within four years.
-
Sleepeezee parent to launch direct-to-consumer brand Beautyrest by Simmons in UK
Adova, the French parent to Kent bed maker Sleepeezee, will launch Beautyrest by Simmons in Britain as part of a plan to 'disrupt the disrupters.'
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Harrison Spinks plans TV ads as part of £2m campaign to drive stockist footfall
Leeds bed maker Harrison Spinks will invest £2 million on an integrated marketing campaign that will see the business advertise on national television for the first time.
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Littlewoods owner sees circa £25m drop in furniture, homewares sales
Shop Direct cited a "challenged furniture and homewares market," as it recorded a steep fall in sales at Littlewoods in 2017–18. Growth elsewhere made up the shortfall.
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Dreams wins Large Bed Retailer award; Arighi Bianchi, Argos among other winners
National beds specialist Dreams was last night named Large Bed Retailer of the Year at the National Bed Federation's Bed Show Gala Dinner with Arighi Bianchi, Argos and Otty winning in other retail categories.
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Harrison Spinks, Millbrook and Maes Mattress Tickings scoop bed maker, supplier awards
Harrison Spinks was named top large bed maker at the NBF Gala Dinner in Telford last night, with South Coast producer Millbrook claiming the prize for smaller concerns.
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HomeSense kickstarts new wave of UK openings, intensifying TK Maxx tie-up
HomeSense, the off-price furniture and homeware retailer, is opening at least nine stores this autumn including a major escalation of co-located units with sister company TK Maxx.
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Chief operating officer Tony Judge leaving Headlam after 26 years
Chief operating officer Tony Judge is leaving Headlam, Europe's largest floorcoverings distributor, sparking a search for a replacement in a reconfigured role.
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Lee Longlands phases out last of Furniture Barn stores, retains brand online
The last of the Furniture Barn stores acquired by Lee Longlands in 2016 is closing amid a business model adjustment that sees the brand shift its focus towards its Internet operation.
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Rising costs weigh on North West carpet maker profits
Profits dipped for the second year straight at Blackburn carpet maker Cavalier with the privately owned producer citing rising raw material costs caused by weaker sterling.
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OTHER NEWS
Steinhoff lines up EY as supervisor for SEAG company voluntary arrangement
Steinhoff International Holdings has fleshed out plans to restructure the debts of its Steinhoff Europe AG (SEAG) business unit, lining up EY as supervisor to a company voluntary arrangement (CVA).
Eve Sleep posts £12m half-year loss and cuts 20% of its workforce
Losses widened at mattress brand Eve Sleep in the six months to end June, the period that led to the departure of its founding CEO and its decision to pare back its international ambitions.
Carpet giant Condor swoops for Dutch rival and its UK business
Condor Carpets, the Dutch floorcoverings conglomerate, has acquired Edel Carpets in a deal that includes its multi-million turnover UK operation in Yorkshire.
United Carpets to post "significantly lower" profits after spending more on marketing
United Carpets Group says it invested more on marketing to prop up flaccid demand in the summer months, meaning half-year profits will be much lower than previously thought.
Home down as total John Lewis sales drop nearly £4m last week
Year-on-year home merchandise sales declined for a second straight week at John Lewis & Partners and have now climbed just once in the past 16 weeks.
South East flooring wholesaler confident of profits return
A second straight fall in sales contributed to South East England flooring distributor STS recording a loss last year, though management are bullish on the outlook for 2018.
Old Boot Sofas brand resurrected by owner of Authentic Furniture
Leather and velvet upholstery brand Old Boot has been acquired off liquidators by the owner of Derbyshire based manufacturer and retailer Authentic Furniture.
Decorex moving to new London venue, dateline for 2019 edition
Decorex International, the interior design event taking place in London this week, has announced a new autumn dateline and a change of venue for next year's edition.
Mattress brand discloses UK loss in first year here
First UK accounts for U.S direct-to-consumer mattress business.
Morris & Co furnishings brand diversifies into apparel with H&M tie-up
Walker Greenbank has signed a licensing agreement with global retail business H&M that will see its Morris & Co brand next month diversify into the fashion sector.