Sunday, September 25, 2022
Hoisting for sale sign wipes another £4.5m off Made.com's value
Signposting the probable sale of the company heralded more sell-offs of Made.com's shares on Friday as it closed the week at a new all-time low.
Furniture vertical HSL builds cash and pays down debt
Upholstery and beds vertical HSL repaid a £4 million bank loan two years ahead of time as it generated cash and traded strongly through the rump of the pandemic.
Ex-Argos CEO to lead board at ScS after being named chair designate
Upholstery and flooring retailer ScS has named John Walden as the successor to non-executive chair Alan Smith, who will retire in just over a year from now.
Big-ticket consumer confidence remains at two-year low
U.K. consumer confidence fell to an all-time low this month though the measure monitoring big-ticket spend intention remained unchanged.
Higher costs hit profits at foam and fibre supplier to bed, sofa sectors
Platt & Hill, a supplier of foam and fibre fillings products to the beds and upholstery manufacturing sectors, slipped to a loss last year as higher costs outweighed the benefit of increased output.
Six-figure ICO fine outlay hits profits at bedroom furniture vertical
Retained profits at a Scottish fitted furniture vertical were wiped out last year as the company battled an outsized impact from Covid restrictions that impacted its business model.
Belgium's Balta Group changes name following disposal of brand and other businesses to Victoria
Balta Group will soon be no more. The Belgian flooring conglomerate is changing its corporate name to Belysse Group with the switch to be approved at an Extraordinary General Meeting next month.
West Elm seeks new president as Bellos departs
West Elm, the U.S. mid-century modern furniture retailer with a circa £30 million U.K. presence, has begun a search for a new president after current incumbent Alex Bellos announced his departure.
Online bed company owner acquires garden furniture operation out of administration
The owner of the company behind the Yark Beds online beds business has acquired an outdoor products and garden furniture ecommerce website following an insolvent buyout.
Soft furnishings retailer Julian Charles returns to profit
Soft furnishings retail chain Julian Charles Home followed through on its vow to return to profit through 2021/22 as it continued to bounce back under its new owner.
Emma complains about Simba price claim
A complaint to the U.K. advertising watchdog by German mattress company Emma has resulted in a rebuke for rival Simba Sleep regarding a price promotion it ran on its website.
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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Parker Knoll, G Plan CEOs exit as part of restructure at £70m upholstery group
Sofa Brands International, parent to many of the largest upholstery brands in the U.K., is undergoing a restructuring process that has resulted in the departure of a number of senior executives, and...
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Growth slows for Chinese mattress giant
Half-year revenue was close to flat in Europe for the bedding giant behind the Mlily brand as global growth slowed after a double-digit uplift in the first quarter.
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£7.7m ecommerce takeover opens door to U.K. market for furniture giant Bassett
Major U.S. furniture vertical Bassett Furniture Industries has acquired Noa Home, the Canadian ecommerce upholstery and mattress vendor with operations in four markets including the U.K.
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Kids bedroom retailer booked £2m net loss last year ahead of sale
A sharp fall in sales and a switch away from a third-party logistics provider proved damaging to a kids furniture retailer that had been backed by the same financiers who supported erstwhile...
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Group creative director Scott Coggan to leave upholstery supplier
The sofa group behind the Ashley Manor and Alexander & James brands is preparing for the planned departure of group creative director Scott Coggan, one of the highest-profile designers in the...
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
DATA & LISTS
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Business Closures & Insolvencies: Sep. 23, 2022
76 companies were either closed or filed for insolvency in the past seven days.
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Debt Report: Filings in the week to Sep. 23, 2022
10 companies left creditors facing £1.25 million.
TOP STORIES
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Hoisting for sale sign wipes another £4.5m off Made.com's value
Signposting the probable sale of the company heralded more sell-offs of Made.com's shares on Friday as it closed the week at a new all-time low.
-
Made.com launches strategic review and concedes equity raise unlikely
Furniture and lighting retailer Made.com Group (Made) has withdrawn its full year guidance and formally launched a strategic review that could lead to a sale of the business or its assets.
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New DC represents £10m U.K. commitment for Chinese furniture group
The addition of a large West Midlands warehouse late last year represents the early phase of a major financial commitment to the U.K. over the next decade for multi-brand furniture wholesale and retail group Ziel.
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Ashley Manor appoints Nicola Furlong as md with Will Cawson named design director across two brands
Sofa manufacturing group TCM Living has recruited two well-known furniture industry executives to fill senior managerial posts at its Ashley Manor Upholstery and Alexander & James business units.
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Profits up for £25m South East floorcoverings distributor
Privately-owned South East England floorcoverings wholesaler STS booked higher profits last year on wider gross margin and rising sales.
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OTHER NEWS
Furniture vertical HSL builds cash and pays down debt
Upholstery and beds vertical HSL repaid a £4 million bank loan two years ahead of time as it generated cash and traded strongly through the rump of the pandemic.
Ex-Argos CEO to lead board at ScS after being named chair designate
Upholstery and flooring retailer ScS has named John Walden as the successor to non-executive chair Alan Smith, who will retire in just over a year from now.
Big-ticket consumer confidence remains at two-year low
U.K. consumer confidence fell to an all-time low this month though the measure monitoring big-ticket spend intention remained unchanged.
Higher costs hit profits at foam and fibre supplier to bed, sofa sectors
Platt & Hill, a supplier of foam and fibre fillings products to the beds and upholstery manufacturing sectors, slipped to a loss last year as higher costs outweighed the benefit of increased output.
Six-figure ICO fine outlay hits profits at bedroom furniture vertical
Retained profits at a Scottish fitted furniture vertical were wiped out last year as the company battled an outsized impact from Covid restrictions that impacted its business model.
Belgium's Balta Group changes name following disposal of brand and other businesses to Victoria
Balta Group will soon be no more. The Belgian flooring conglomerate is changing its corporate name to Belysse Group with the switch to be approved at an Extraordinary General Meeting next month.
West Elm seeks new president as Bellos departs
West Elm, the U.S. mid-century modern furniture retailer with a circa £30 million U.K. presence, has begun a search for a new president after current incumbent Alex Bellos announced his departure.
Online bed company owner acquires garden furniture operation out of administration
The owner of the company behind the Yark Beds online beds business has acquired an outdoor products and garden furniture ecommerce website following an insolvent buyout.
Soft furnishings retailer Julian Charles returns to profit
Soft furnishings retail chain Julian Charles Home followed through on its vow to return to profit through 2021/22 as it continued to bounce back under its new owner.
Emma complains about Simba price claim
A complaint to the U.K. advertising watchdog by German mattress company Emma has resulted in a rebuke for rival Simba Sleep regarding a price promotion it ran on its website.