Furniture makers' price inflation climbed for the sixth straight month at the end of 2020 suggesting fears from within the sector of forceful headwinds ahead are well founded.
GNG Group, the West Yorkshire maker of mattresses and other performance foam products for sectors ranging from sports to healthcare, has promoted Darren Potterton to group managing director.
Danetti, the ecommerce furniture retailer that opened its first bricks and mortar showroom late last year, booked rising profits in the year to March 31, 2020.
Flooring and beds retailer United Carpets Group will delist from the Alternative Investors Market (AIM) on Friday as it returns to private ownership.
Jenners department store in Edinburgh will close for good in the spring after its owner failed to agree new terms with the landlord. It has been trading for 183 years.
Brooke and Wilde (Brook + Wilde) has become a corporate supporter of The Furniture Makers' Company, the industry charity and livery company.
Sofa maker Tetrad has completed the remodel of its Preston showroom ahead of the launch of a series of new collections.
Dorchester, Sidmouth and Weymouth retailer outlines initial impact of pandemic on revenue, profitability and working capital.
It is counter intuitive that on the day that the highest-ever single-month reading for furniture retail sales is released, we also report a drop in big-ticket consumer confidence sentiment.
Steps taken to broaden the appeal of the heritage Nathan brand have paid dividends according to the furniture company, with a new generation of social media-savvy consumers now following the business.
Big-ticket spend sentiment weakened at the beginning of the year as the country entered its latest lockdown, according to a closely-followed consumer confidence survey.
Furniture maker Ercol returned to profit at EBITDA level in 2020 after orders and delivered turnover outperformed levels management were budgeting for during the first lockdown, its chairman said.
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Argos found sales growth in the period leading up to and through Christmas despite its standalone stores being unable to trade for long periods.
The CEO of Simba Sleep says sales growth accelerated profitably in the second half of last year as the direct-to-consumer mattress company looked to build on a year of consolidation in 2019 that saw it...
A multi-billion pound investment fund that supports the work and mission of the Church of England has disclosed a significant stake in ScS, Britain's number two upholstery specialist.
Sleepeezee remained profitable at the EBITDA line in 2020 and would have achieved a second straight year of double-digit top line growth but for the pandemic, the company says.
Brian Mynett, the former Christie-Tyler executive who was later responsible for driving the U.K. expansion of Italian sofa giant Natuzzi, has died. He was 80 years old.
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It is counter intuitive that on the day that the highest-ever single-month reading for furniture retail sales is released, we also report a drop in big-ticket consumer confidence sentiment.
Freight rates in the latter half of 2020 climbed at a frightening pace and leave two stakeholder groups at particular risk: the mid-sized furniture retailer, and the end consumer.
Data compiled by The Furnishing Report reveals the expected near-term order impact of the new restrictions on furniture and flooring retailers in the immediate aftermath of Christmas.
The moratorium preventing commercial landlords from evicting non-paying tenants has been extended until the end of March next year. It is not good news for all furniture retailers.
Five companies left combined debts of £10,000,000 with 30 companies owed £10,000 or more.
Three insolvencies from within the furniture and furnishings industry were announced in the period from January 16–22, 2021.
Furniture makers' price inflation climbed for the sixth straight month at the end of 2020 suggesting fears from within the sector of forceful headwinds ahead are well founded.
GNG Group, the West Yorkshire maker of mattresses and other performance foam products for sectors ranging from sports to healthcare, has promoted Darren Potterton to group managing director.
Fashion retailer Boohoo Group has acquired the Debenhams brand and other intellectual property for £55 million, heralding its entry into the furniture and homeware market.
Furniture and department store retailer Bradbeers says it is positive it will be able to extend its debt maturity profile for a second time if the pandemic further delays plans regarding investment property.
December furniture and lighting sales were higher than in any other month since records began, and by some margin, according to new figures from the Office for National Statistics.
Direct-to-consumer brand Emma - The Sleep Company is to stretch its price architecture with a new smart mattress programme set to retail for upwards of £2,000. It follows exponential growth last year that saw the business reach revenue of €405 million worldwide.
"When we opened our new Leicester store we did two weeks' business in just four days," said Furniture Village CEO Peter Harrison, who says the industry should look forward with optimism for when the lockdowns are eased.
Full year sales climbed for Eve Sleep with the direct-to-consumer mattress and ancillary products company saying it had cut losses too on the revenue tailwind and business model adjustments.
Consumers pivoting to ecommerce last year boosted U.K. revenue and profitability for the company behind the DreamCloud and Nectar Sleep mattress brands.
Furniture makers are facing unprecedented increases in the cost of key raw materials according to trade association BFM, and retailers should brace for some of that to be passed on.
Danetti, the ecommerce furniture retailer that opened its first bricks and mortar showroom late last year, booked rising profits in the year to March 31, 2020.
Flooring and beds retailer United Carpets Group will delist from the Alternative Investors Market (AIM) on Friday as it returns to private ownership.
Jenners department store in Edinburgh will close for good in the spring after its owner failed to agree new terms with the landlord. It has been trading for 183 years.
Brooke and Wilde (Brook + Wilde) has become a corporate supporter of The Furniture Makers' Company, the industry charity and livery company.
Sofa maker Tetrad has completed the remodel of its Preston showroom ahead of the launch of a series of new collections.
Dorchester, Sidmouth and Weymouth retailer outlines initial impact of pandemic on revenue, profitability and working capital.
Steps taken to broaden the appeal of the heritage Nathan brand have paid dividends according to the furniture company, with a new generation of social media-savvy consumers now following the business.
Big-ticket spend sentiment weakened at the beginning of the year as the country entered its latest lockdown, according to a closely-followed consumer confidence survey.
Furniture maker Ercol returned to profit at EBITDA level in 2020 after orders and delivered turnover outperformed levels management were budgeting for during the first lockdown, its chairman said.
Arlo & Jacob, the upholstery retailer, is turning its stores into virtual showrooms using live video chat powered by Go Instore software.