Wednesday, July 28, 2021
Foam company says it will continue to adapt pricing to cover unpredictable cost rises
The CEO of foam company Recticel said it is difficult to predict when raw material challenges will normalise and cautioned customers that this may yet result in further price increases.
Kettle finds bumper wholesale revenue growth despite pandemic
Double-digit wholesale growth negated falling sales at Kettle Interiors U.K.'s retail division in 2019/20, though rising costs weighed on the cabinet company's profits.
Profits climb for U.K. furniture manufacturing bellwether despite £17m sales drop
The U.K. arm of diversified furniture fittings and ironmongery giant Häfele Group found profit growth last year despite a double-digit decline in revenue because of the pandemic.
U.K. sales double for Magnet retail chain owner
Nobia, the Swedish kitchens conglomerate whose interests include U.K. retail chain Magnet, enjoyed a strong sales bounce back here in the second quarter on store reopenings and weak comparatives.
John Lewis appoints Accessorize md as trading director
Department store retailer John Lewis & Partners has appointed Kathleen Mitchell, md at fashion brand Accessorize, as trading director.
Rising web sales mitigate shop closures for IKEA in Ireland
Ecommerce represented almost a quarter of IKEA's business in Ireland through 2019/20 as customers pivoted online while its large Dublin store was closed.
Wakefield manufacturer launches carbon neutral certified mattresses
GNG Group, the West Yorkshire maker and supplier of foam-based products, has launched its first ever line of carbon neutral certified mattresses.
Rebrand for furniture/homeware storage and fulfilment entity
Andrew Porter UK has rebranded its furniture and homeware storage and fulfilment entity as AP+, specialising in end-to-end third-party logistics (3PL) solutions from its 300,000sqft purpose-built facility.
Upholstery fabrics supplier bullish amid sofa market paradigm shift
Sales and profits declined at Brighouse fabrics supplier Mobus last year but the company said it is well placed to prosper amid a changing landscape in the upholstery sector.
Time runs short as discount store chain seeks buyer
A discount variety store retailer with 12 shops across the U.K. has filed a second notice of its intent to appoint administrators ahead of a hoped-for sale of the company.
MillerKnoll is new name for Herman Miller group after Knoll buyout
The merger between furniture conglomerates Herman Miller and Knoll will lead to the creation of MillerKnoll, which will become the new name for the combined corporate entity.
Refurbished Glasgow unit opens as third Sterling Home store
Sterling Furniture Group has reopened its Glasgow showroom after a remodelling project that has seen it become the third Sterling Home concept store.
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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Pandemic weighs on sales, profits at carpet maker Brintons
Brintons, the heritage U.K. carpet maker with operations across the world, says it is over delivering against revised financial forecasts as its global hospitality, gaming, cruise and residential...
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Mattress imports rise again and now match 2019 levels
Foam and sprung mattress imports jumped 90 percent on 2020, new figures show, with the total for the year to date now almost matching comparable data for 2019.
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Upholstery vertical finds cost savings as it narrows losses
Lower operating costs helped West London upholstery manufacturer and retailer The Sofa & Chair Company narrow losses last year despite the pandemic impacting sales.
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Early 2021 lockdown begins to impact upholstery imports
The growth in sofa shipments to the U.K. slowed in the spring as retailers came closer to unwinding late 2020 orders and were left with only digital sales channels to replenish them.
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Out-of-town furniture footfall outperforming in-town peers, big landlord says
One of the largest owners of retail property in the furniture and home goods sectors says revenue and footfall remains well off pre-Covid levels but retail parks are faring far better than in-town...
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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The Debt Report: Entities owed cash by insolvent furniture/furnishings companies: July 23, 2021
One companies left debts of £74,100 with 2 entities owed £10,000 or more.
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Insolvency Filings in the week to July 23, 2021
Five insolvencies from within the furniture and furnishings industry were announced in the seven days to July 23, 2021.
TOP STORIES
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Foam company says it will continue to adapt pricing to cover unpredictable cost rises
The CEO of foam company Recticel said it is difficult to predict when raw material challenges will normalise and cautioned customers that this may yet result in further price increases.
-
Kettle finds bumper wholesale revenue growth despite pandemic
Double-digit wholesale growth negated falling sales at Kettle Interiors U.K.'s retail division in 2019/20, though rising costs weighed on the cabinet company's profits.
-
Sofa maker Lebus' shareholders sell company to employees
Employees of Lebus, one of the largest sofa makers in the U.K., now own 100 percent of the Lincolnshire manufacturer after its shareholders decided to sell the business.
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Flooring group reveals how it plans to spend £10m from share placing
Likewise Group, the fast-expanding flooring distributor formed by former Headlam directors, says part of a fresh injection of equity funding has been earmarked to help fund acquisitions.
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Covid reinforced urgency of online platform, says major independent
Development work to complete an online trading platform is continuing at pace says South East furniture retailer Hatfields, with the pandemic having reinforced the urgency of an ecommerce channel.
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OTHER NEWS
Profits climb for U.K. furniture manufacturing bellwether despite £17m sales drop
The U.K. arm of diversified furniture fittings and ironmongery giant Häfele Group found profit growth last year despite a double-digit decline in revenue because of the pandemic.
U.K. sales double for Magnet retail chain owner
Nobia, the Swedish kitchens conglomerate whose interests include U.K. retail chain Magnet, enjoyed a strong sales bounce back here in the second quarter on store reopenings and weak comparatives.
John Lewis appoints Accessorize md as trading director
Department store retailer John Lewis & Partners has appointed Kathleen Mitchell, md at fashion brand Accessorize, as trading director.
Rising web sales mitigate shop closures for IKEA in Ireland
Ecommerce represented almost a quarter of IKEA's business in Ireland through 2019/20 as customers pivoted online while its large Dublin store was closed.
Wakefield manufacturer launches carbon neutral certified mattresses
GNG Group, the West Yorkshire maker and supplier of foam-based products, has launched its first ever line of carbon neutral certified mattresses.
Rebrand for furniture/homeware storage and fulfilment entity
Andrew Porter UK has rebranded its furniture and homeware storage and fulfilment entity as AP+, specialising in end-to-end third-party logistics (3PL) solutions from its 300,000sqft purpose-built facility.
Upholstery fabrics supplier bullish amid sofa market paradigm shift
Sales and profits declined at Brighouse fabrics supplier Mobus last year but the company said it is well placed to prosper amid a changing landscape in the upholstery sector.
Time runs short as discount store chain seeks buyer
A discount variety store retailer with 12 shops across the U.K. has filed a second notice of its intent to appoint administrators ahead of a hoped-for sale of the company.
MillerKnoll is new name for Herman Miller group after Knoll buyout
The merger between furniture conglomerates Herman Miller and Knoll will lead to the creation of MillerKnoll, which will become the new name for the combined corporate entity.
Refurbished Glasgow unit opens as third Sterling Home store
Sterling Furniture Group has reopened its Glasgow showroom after a remodelling project that has seen it become the third Sterling Home concept store.