Monday, February 6, 2023
John Lewis exit and store closure will hit U.K. sales, says West Elm
The owner of the West Elm and Pottery Barn Kids retail and wholesale brands said it expects to register lower U.K. sales as a result of business model and strategy adjustments here.
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Mattress spring maker gains Cradle to Cradle Bronze accreditation
Yorkshire mattress springs and bed components manufacturer Spinks has secured an internationally-renowned accreditation for its pocket spring products.
JYSK expands in U.K. amid global store rollout
Inexpensive Danish furniture retailer JYSK will open five stores in two days this month including a buildout of its U.K. footprint.
Upholstery vertical Sofa.com lands profits of £6.4m
Upholstery brand Sofa.com maintained high double-digit margin last year despite rising costs weighing against the impact of big sales growth.
U.K. arm of dining, bedroom brand Rowico in administration
The U.K. future of international bedroom and dining furniture resource Rowico is unclear after its wholly-owned business unit here was placed into the hands of restructuring advisors late last month.
HSL promotes Venessa Hodgson, as CEO Guy Critchlow exits
HSL has appointed Venessa Hodgson as managing director designate following the departure of CEO Guy Critchlow, who has left after over six years with the furniture vertical.
Two-man delivery company placed into administration
A regional logistics company offering services including white-glove two-man furniture deliveries has been placed into the hands of restructuring advisors.
The Range breaks ground at £200m distribution hub
Building work is underway for a new purpose-built 1.17 million sqft distribution centre for The Range, the national home, garden and leisure retailer.
Furniture industry APPG chair to speak at charity’s Yorkshire Curry Night
Dewsbury MP Mark Eastwood, who also chairs the All Party Parliamentary Furniture Industry Group, is to be the special guest speaker at the seventh annual Yorkshire Curry Night, organised by the Yorkshire Region of The Furniture Makers’ Company.
Dining furniture wholesaler books near £2m gain
Profits left in the company advanced again for Northern Ireland based dining furniture wholesaler World Furniture (NI) last year as the supplier continued to build value.
Flooring giant Karndean snaps up Dutch rival
Flooring conglomerate Karndean has acquired Dutch Luxury vinyl tile (LVT) contemporary mFLOR International in a deal that bolsters its presence in mainland Europe.
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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Bedroom furniture vertical Starplan scales new heights
Starplan Furniture booked record sales and profits through 2021/22 as demand surged for the fitted and freestanding cabinet maker and retailer.
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Furniture retailer recalls dozens of Chinese sofa models on fire risk
A prominent online furniture brand with a co-owned wholesale arm supplying other retailers has launched a product recall for upholstered sofas and armchairs that do not meet the U.K. flammability...
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Designer furniture retailer buttressed by further shareholder backing
The owner of The Conran Shop has provided another equity injection in a move that bolsters the balance sheet of the designer furniture, lighting and homeware retailer.
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Restructuring advisors appointed at Studio Moderna Brands International
Studio Moderna Brands International, a U.K. company controlled by the mainland European group that also owns mattress and bedding brands such as Dormeo and Octaspring, has been placed into...
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Vispring md Jim Gerety to retire
Jim Gerety is to retire as managing director at Vispring, the Devon bed manufacturer has announced. Operations director Chris Harrison is also retiring.
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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Sofa.com explainer: Reconciling a huge profit with a large cash burn
Sofa.com was again a big profit generator for its owner Frasers Group last year, yet cash declined and it was nothing to do with dividends. Here's why.
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Insolvencies & business closures: Filings between Jan. 28–Feb. 3, 2023
25 companies were closed or placed into insolvency proceedings last week.
TOP STORIES
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John Lewis exit and store closure will hit U.K. sales, says West Elm
The owner of the West Elm and Pottery Barn Kids retail and wholesale brands said it expects to register lower U.K. sales as a result of business model and strategy adjustments here.
-
Barker & Stonehouse closes in on completion of £5m store
National furniture retailer Barker & Stonehouse has shared images of its soon-to-be-finished Gateshead store ahead of its scheduled opening this spring.
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Record year for direct-to-consumer sofa maker Saxon
The upholstered furniture manufacturer behind brands including Sofas by Saxon and Timeless Chesterfields enjoyed the strongest financial year in its history through 2021/22.
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Very expands entry-level home programme after beds success
The Very Group has launched hundreds of new home SKUs at entry-level prices as part of a wider expansion of its Everyday own brand collection originally introduced in the summer of last year.
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ScS finds traction as orders gain since mid-November
ScS, the U.K's second largest upholstered furniture retailer, said it has reversed negative order momentum to make gains since the start of winter, though cash reserves have declined through the period.
OTHER NEWS
Mattress spring maker gains Cradle to Cradle Bronze accreditation
Yorkshire mattress springs and bed components manufacturer Spinks has secured an internationally-renowned accreditation for its pocket spring products.
JYSK expands in U.K. amid global store rollout
Inexpensive Danish furniture retailer JYSK will open five stores in two days this month including a buildout of its U.K. footprint.
Upholstery vertical Sofa.com lands profits of £6.4m
Upholstery brand Sofa.com maintained high double-digit margin last year despite rising costs weighing against the impact of big sales growth.
U.K. arm of dining, bedroom brand Rowico in administration
The U.K. future of international bedroom and dining furniture resource Rowico is unclear after its wholly-owned business unit here was placed into the hands of restructuring advisors late last month.
HSL promotes Venessa Hodgson, as CEO Guy Critchlow exits
HSL has appointed Venessa Hodgson as managing director designate following the departure of CEO Guy Critchlow, who has left after over six years with the furniture vertical.
Two-man delivery company placed into administration
A regional logistics company offering services including white-glove two-man furniture deliveries has been placed into the hands of restructuring advisors.
The Range breaks ground at £200m distribution hub
Building work is underway for a new purpose-built 1.17 million sqft distribution centre for The Range, the national home, garden and leisure retailer.
Furniture industry APPG chair to speak at charity’s Yorkshire Curry Night
Dewsbury MP Mark Eastwood, who also chairs the All Party Parliamentary Furniture Industry Group, is to be the special guest speaker at the seventh annual Yorkshire Curry Night, organised by the Yorkshire Region of The Furniture Makers’ Company.
Dining furniture wholesaler books near £2m gain
Profits left in the company advanced again for Northern Ireland based dining furniture wholesaler World Furniture (NI) last year as the supplier continued to build value.
Flooring giant Karndean snaps up Dutch rival
Flooring conglomerate Karndean has acquired Dutch Luxury vinyl tile (LVT) contemporary mFLOR International in a deal that bolsters its presence in mainland Europe.