Tuesday, December 7, 2021
Carpenter to buy Recticel foam unit after shareholders back deal in vote
Recticel has entered into a binding agreement to sell its Engineered Foam unit to Carpenter Company after shareholders yesterday backed the disposal of the division for €656 million.
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DHD launch aids bedroom furniture maker as it achieves third straight double-digit sales jump
Ready-assembled bedroom and living room furniture maker Welcome enjoyed a third straight year of double-digit sales growth in the year to March 31. Profits also increased sharply.
Danish furniture chain says U.K. business profitable for first time
JYSK, the inexpensive Danish furniture retailer, says it has recorded positive operating profits in the U.K. for the first time since the business started trading here 13 years ago in 2008.
Expanding mobility furniture retailer acquires northern distribution centre
Adjustable furniture and mobility products retailer CareCo has acquired a warehouse near Leeds that will support its showroom rollout as it builds a national presence.
January's Heimtextil exhibition cancelled
Heimtextil, the international trade fair for the textiles industry held annually in Frankfurt, has been cancelled, with organisers citing the worsening pandemic situation in Germany.
Dunelm brings new store format in town to ex-Debenhams store
Home and furniture retailer Dunelm is about to bring its superstore format in town with the opening of a former Debenhams store at Beverley in the East Riding of Yorkshire.
Buybacks left carpet and beds chain with sole owner
A series of buybacks as part of a share consolidation exercise following an earlier take-private deal mean Britain's largest carpets and beds franchise retailer now has a single owner.
Selfridges, which raised £50m from equity issue earlier this autumn, said to have agreed sale
A Thai retail conglomerate whose interests include iconic Milanese department store La Rinascente is said to be close to agreeing a deal to buy retail group Selfridges.
New DC frees up production capacity for cabinet furniture vertical
Premium fitted kitchen, bedroom and freestanding furniture manufacturer and retailer John Lewis of Hungerford says the lease of a new property will boost production capacity.
BFM is in strong position says md as he prepares to take new role
Nick Garratt, the outgoing managing director of the British Furniture Manufacturers (BFM), says the association is primed to expand and that his successor can build on the achievements of the past three years.
January Furniture Show returns across four halls of the NEC next month
More than 400 U.K. and international brands have signed to exhibit at the January Furniture Show, which returns to the NEC in Birmingham next month after the pandemic prevented the 2021 edition from taking place.
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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Mattress imports fall for third month straight
The value of foam and sprung mattress imports into the U.K. fell on a year-on-year basis for the third month in a row according to new HM Revenue & Customs figures.
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New record high for furniture retail price inflation
Furniture retail price inflation continued to tick higher in October, breaking records for the third straight month.
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Big-ticket consumer confidence makes largest positive swing since summer
Propensity towards buying high value items such as furniture, white goods or cars has improved to its strongest level since the height of summer, according to polling company GfK.
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European sofa and mattress giant to buy Recticel Bedding unit for €122.4m
A €370 million turnover upholstery and bed manufacturing group has agreed to buy Recticel's Bedding division, which makes finished mattresses and bed frames primarily sold into mainland European...
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Furniture and lighting sales decline for second straight month
The value of furniture and lighting retail sales dropped for the second consecutive month in October, falling by £93 million on the same month last year.
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
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DATA & LISTS
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The Debt Report: Filings in the week to December 3, 2021
Four companies left debts of £3.5 million with 25 entities owed £10,000 or more.
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The Insolvency Report: Filings in the week to December 3, 2021
Seven insolvencies from within the furniture and furnishings industry were announced in the seven days to December 3, 2021.
TOP STORIES
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Carpenter to buy Recticel foam unit after shareholders back deal in vote
Recticel has entered into a binding agreement to sell its Engineered Foam unit to Carpenter Company after shareholders yesterday backed the disposal of the division for €656 million.
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Headlam shifts operations after fire hits MCD Kidderminster site
Flooring giant Headlam says it hopes its MCD Kidderminster operation will be taking and delivering orders again later this week after its large Worcestershire facility was hit by a serious fire Monday morning.
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The Cotswold Company repays all bank debt as sales, profits jump
Revenue jumped by more than a third for The Cotswold Company in 2020/21 with the furniture retailer saying there has been a paradigm shift among consumers towards online shopping that it expects will continue.
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Profits jump for 54-store furnishings chain despite closures
Wider margin, lower costs and minimising the impact of store closures helped furniture and furnishings chain Harry Corry grow profits in the year to February 28, 2021.
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Furniture retailer Sterling profits rise in year of investment
A lower cost base contributed to higher profits at the Sterling Furniture Group in 2020/21, during which the multi-store retailer made significant capital investment.
OTHER NEWS
DHD launch aids bedroom furniture maker as it achieves third straight double-digit sales jump
Ready-assembled bedroom and living room furniture maker Welcome enjoyed a third straight year of double-digit sales growth in the year to March 31. Profits also increased sharply.
Danish furniture chain says U.K. business profitable for first time
JYSK, the inexpensive Danish furniture retailer, says it has recorded positive operating profits in the U.K. for the first time since the business started trading here 13 years ago in 2008.
Expanding mobility furniture retailer acquires northern distribution centre
Adjustable furniture and mobility products retailer CareCo has acquired a warehouse near Leeds that will support its showroom rollout as it builds a national presence.
January's Heimtextil exhibition cancelled
Heimtextil, the international trade fair for the textiles industry held annually in Frankfurt, has been cancelled, with organisers citing the worsening pandemic situation in Germany.
Dunelm brings new store format in town to ex-Debenhams store
Home and furniture retailer Dunelm is about to bring its superstore format in town with the opening of a former Debenhams store at Beverley in the East Riding of Yorkshire.
Buybacks left carpet and beds chain with sole owner
A series of buybacks as part of a share consolidation exercise following an earlier take-private deal mean Britain's largest carpets and beds franchise retailer now has a single owner.
Selfridges, which raised £50m from equity issue earlier this autumn, said to have agreed sale
A Thai retail conglomerate whose interests include iconic Milanese department store La Rinascente is said to be close to agreeing a deal to buy retail group Selfridges.
New DC frees up production capacity for cabinet furniture vertical
Premium fitted kitchen, bedroom and freestanding furniture manufacturer and retailer John Lewis of Hungerford says the lease of a new property will boost production capacity.
BFM is in strong position says md as he prepares to take new role
Nick Garratt, the outgoing managing director of the British Furniture Manufacturers (BFM), says the association is primed to expand and that his successor can build on the achievements of the past three years.
January Furniture Show returns across four halls of the NEC next month
More than 400 U.K. and international brands have signed to exhibit at the January Furniture Show, which returns to the NEC in Birmingham next month after the pandemic prevented the 2021 edition from taking place.