Wednesday, June 26, 2019
TOP STORIES
Bed retail group explores sale of Matratzen Concord chain amid cash crunch
Dutch bedding group Beter Bed Holding says it will consider offers for the Matratzen Concord retail chain, its largest individual business unit operating hundreds of stores across several European markets.
Oak Furnitureland extends year-end, said to consider stake sale
Competitors hoping to pore over the finances of Britain's biggest hardwood furniture retailer could face a potential wait after Oak Furnitureland pushed out its latest year-end.
Export gains boost North West fabrics group SMD
The privately-owned Preston design and manufacturing group behind the iLiv and SMD interior textiles brands built a bigger export business in 2017–18.
Crate and Barrel acquires home décor brand
Crate and Barrel, the European-owned furniture retailer with stores across the U.S., has bought Hudson Grace, a boutique home décor, entertaining and gift brand based in San Francisco.
John Lewis home sales slide though clearance helps it shift beds
John Lewis posted its highest grossing full week of the year to date but year-on-year sales still declined with home goods among the fallers in the seven days to June 22.
'We remain clear number 1,' says Carpetright as it spells out CVA impact
The downsizing at floorcoverings chain Carpetright hasn't diminished its market leadership says the retailer's CEO as the company disclosed full year 2018–19 results.
Bedroom company suffered seven-figure sales fall before prepack
Revenue fell and losses widened ahead of the prepack sale of the business and assets of bedroom cabinet manufacturer Harrison Brothers (Furniture), administrators have disclosed.
At The Helm introduces gallery concept to U.K. market
At the Helm, the new brand launched by upholstery supplier Hydeline Furniture at the beginning of 2019, is introducing an instore gallery concept to leading U.K. retailers.
Within a year of opening, Sofa.com doubles size of Bristol concession
Sofa.com, the Sports Direct International owned upholstery vertical, is to double the size of its instore concession inside House of Fraser's Bristol store, barely six months after it opened.
Upholstery gives retailers a May sales boost
Higher upholstery sales led the way as furniture retailers enjoyed year-on-year growth in May.
Longtime bed factory boss takes production director role in office furniture sector
New role for former Silentnight and Harrison Spinks executive.
Kitchen cabinet maker reports loss but group value rises
Privately-owned kitchen furniture producer Burbidge slipped to a 2017–18 deficit after revenue fell and its cost of sales increased. A pension gain boosted its book value.
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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Stock impairment hits national bedding, soft furnishing chain's profits
The company behind the Ponden Home Interiors chain of bedding, window dressings and soft furnishings stores slipped to a loss in 2017–18, new prolonged company accounts reveal.
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John Lewis trials virtual reality for customers buying furniture and home products
Customers of John Lewis & Partners will be able to get an immersive pre-purchase experience of how new upholstery, cabinet or beds will look in their home with the chain to pilot virtual reality at...
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Retail park footfall outscores high streets, shopping centres in May
Retail footfall declined at its steepest monthly rate in six years last month but destinations most commonly housing furniture and flooring stores were among those to suffer the least, new figures...
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Debenhams CVA had lone, but unsurprising, furniture trade dissenter
Furniture industry creditors including one of the U.K.'s biggest independent retailers overwhelmingly backed Debenhams' company voluntary arrangement (CVA) last month with one predictable dissenting voice, new...
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Bust bedco restored to register pending compensation claim
A British court has ruled that a Yorkshire bed maker that collapsed four years ago amid a human trafficking scandal be restored to the company register.
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
After 30 years, industry braced for change to furniture fire regs
Loved, loathed or tolerated, Britain's furniture fire regulations are some of the most stringent in the world. Introduced in 1988, they are also in need of a serious overhaul.
New bed boss arrives from outside sector but with highly-relevant experience
The first time I met Steve Freeman, who is stepping down as group managing director at Silentnight, was in rather awkward circumstances.
The common thread, and threat, linking IKEA and elite U.K. furniture independents
On the surface, there is little in common between global conglomerate IKEA and Britain's best independent furniture retailers. But the home furnishings market leader does share one very important trait — a strength which is also a threat.
Money looks after money, also in the furniture industry
More on the fallout from the closure of Hull furniture maker Kingstown.
DATA & LISTS
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Debt Report: Who's owed what by insolvent industry companies — June 21, 2019
Today's list contains six insolvent companies leaving combined debts of £1.1 million. Names all 25 creditors owed £10,000 or more.
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Furniture industry insolvencies announced between June 15–21, 2019
Nine insolvencies from within the furniture and furnishings industry were announced in the period June 15–21, 2019.
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Debt Report: Who's owed what by insolvent industry companies — June 14, 2019
Today's list contains seven insolvent companies leaving combined debts of £830,000. Names all c. 30 creditors owed £10,000 or more.
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Furniture industry bankruptcies announced between June 8–14, 2019
Seven insolvencies from within the furniture and furnishings industry were announced in the period June 8–14, 2019.
TOP STORIES
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Bed retail group explores sale of Matratzen Concord chain amid cash crunch
Dutch bedding group Beter Bed Holding says it will consider offers for the Matratzen Concord retail chain, its largest individual business unit operating hundreds of stores across several European markets.
-
Oak Furnitureland extends year-end, said to consider stake sale
Competitors hoping to pore over the finances of Britain's biggest hardwood furniture retailer could face a potential wait after Oak Furnitureland pushed out its latest year-end.
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Carpetright seeks to regain lost ground following weak mattress sales
Bed sales dropped more than a quarter as the category proved troublesome for the recovering Carpetright retail chain in 2018–19.
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After 30 years, industry braced for change to furniture fire regs
Loved, loathed or tolerated, Britain's furniture fire regulations are some of the most stringent in the world. Introduced in 1988, they are also in need of a serious overhaul.
-
Owner of JYSK, Actona stands down for health reasons with son to become chairman
Lars Larsen, chairman of the eponymous furniture group that owns global companies including JYSK, ILVA and Actona, is stepping down as chairman. His son, Jacob Brunsborg, is to succeed him with immediate effect.
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Half-year sales, profits advance for 78-store bedroom chain Sharps
Fitted bedrooms vertical Sharps maintained forward momentum in the six months to end March as the manufacturer and retailer shrugged off a tough macro environment to increase sales and profits.
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Bedroom chain Sharps plans to list high-interest debt on Nordic market
Sharps, the 78-store bedroom furniture maker and retailer backed by Sun Capital Partners, is planning to list corporate bonds issued last year on a Swedish exchange.
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Dunelm gets c. £7.5m profits boost from better-than-expected late spring trade
Furniture and homewares retailer Dunelm Group says profits will be higher than analysts' expectations after the weather helped boost late spring trade.
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Dreams says healthy balance sheet gave it 'flexibility to adapt to market'
Bed specialist Dreams says sales and profits advanced again despite a difficult U.K. retail backdrop last year, a fifth straight improvement since it was bought by private equity company Sun Capital Partners in 2013.
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Competitors 'actively exploited' Steinhoff events says Bensons, Harveys owner
Customer confidence in the Bensons for Beds and Harveys retail chains was negatively impacted by the noise surrounding their owner, parent company Steinhoff said last night.
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OTHER NEWS
Export gains boost North West fabrics group SMD
The privately-owned Preston design and manufacturing group behind the iLiv and SMD interior textiles brands built a bigger export business in 2017–18.
Crate and Barrel acquires home décor brand
Crate and Barrel, the European-owned furniture retailer with stores across the U.S., has bought Hudson Grace, a boutique home décor, entertaining and gift brand based in San Francisco.
John Lewis home sales slide though clearance helps it shift beds
John Lewis posted its highest grossing full week of the year to date but year-on-year sales still declined with home goods among the fallers in the seven days to June 22.
'We remain clear number 1,' says Carpetright as it spells out CVA impact
The downsizing at floorcoverings chain Carpetright hasn't diminished its market leadership says the retailer's CEO as the company disclosed full year 2018–19 results.
Bedroom company suffered seven-figure sales fall before prepack
Revenue fell and losses widened ahead of the prepack sale of the business and assets of bedroom cabinet manufacturer Harrison Brothers (Furniture), administrators have disclosed.
At The Helm introduces gallery concept to U.K. market
At the Helm, the new brand launched by upholstery supplier Hydeline Furniture at the beginning of 2019, is introducing an instore gallery concept to leading U.K. retailers.
Within a year of opening, Sofa.com doubles size of Bristol concession
Sofa.com, the Sports Direct International owned upholstery vertical, is to double the size of its instore concession inside House of Fraser's Bristol store, barely six months after it opened.
Upholstery gives retailers a May sales boost
Higher upholstery sales led the way as furniture retailers enjoyed year-on-year growth in May.
Longtime bed factory boss takes production director role in office furniture sector
New role for former Silentnight and Harrison Spinks executive.
Kitchen cabinet maker reports loss but group value rises
Privately-owned kitchen furniture producer Burbidge slipped to a 2017–18 deficit after revenue fell and its cost of sales increased. A pension gain boosted its book value.