Friday, September 22, 2023
Furniture retail sales jump £61m in August
Furniture and lighting retail sales climbed on both a value and volume basis in August as they continued to lap weak data from last year.
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DFS outlines financial cost of Berkeley Magna closure
DFS has signposted the expected financial costs associated with the planned closure of its 24,000sqft Long Eaton manufacturing site, the smallest of the retailer's three sofa factories.
Enfeebled big-ticket sentiment improves again in September
Consumer confidence for major purchases improved for a second straight month in September and is now at its least-weak level since February 2022.
Sofology aims to overtake ScS as U.K.'s second largest sofa retailer
The buildout of the retail footprint of Sofology can lead to the brand becoming the second largest upholstered furniture retailer in the country, according to parent company and market leader DFS.
Trago Mills owner swings to loss on rising costs
The owner of the Trago Mills (Trago) shopping destinations in southwest England and Wales slipped to a seven-figure deficit last year despite revenue recovering to pre-Covid levels.
Oak Furnitureland enters storage bed category for first time
National retail chain Oak Furnitureland has launched its first upholstered storage bed range after a pilot programme that saw a near four-fold rise in online bed sales.
Dunelm plans up to 20 new full-line stores inside two years
Furniture and homeware retailer Dunelm has earmarked up to £80 million for new and relocated store openings over the next two years as it looks to accelerate the pace at which it expands its physical footprint.
Household furniture price inflation falls to 29-month low
Consumer price inflation for household furniture narrowed to its lowest level in well over two years last month as post-pandemic pressure points on the industry continued to ease.
Revenue inches higher to new record for Homesense
Off-price furniture and homeware retailer Homesense booked its highest-ever sales for the second year in a row through 2022/23, despite slowing demand.
Upholstery vertical to open in former Heal's store
Upholstered furniture manufacturer and retailer The Sofa Library is to double store numbers with the opening of a new store on the South Coast.
NBF targets test for cleanliness of recycled materials from mattresses
The National Bed Federation (NBF) is to research how the industry can measure the cleanliness of reused and recycled materials from beds and mattresses thanks to a knowledge transfer partnership (KTP) with Manchester Metropolitan University (ManMet).
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
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MiBed, Hestia split in two as part of new Furmanac restructure
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Furniture conglomerate snaps up German retailer in distress deal
XXXLutz Group, one of the three largest furniture retail groups in the world, has agreed the takeover of a major German independent retailer after it filed for insolvency.
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Savoir Beds makes progress as luxury shoppers keep spending
Top end bed manufacturer and retailer Savoir boosted revenue and earnings power through 2022 amid receding pandemic impacts and wealthy clients continuing to buy.
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Profits up by a third for Midlands bed maker but property deal depletes cash
A gear shift in output through the pandemic has put Birmingham bed manufacturer Dreamland Beds in the Premier League of U.K. bed manufacturing in terms of size.
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Skin in the game for more Cotswold Company officials after share issue
More key figures have an equity stake in the Cotswold Company after a series of summer share issues that dilute the interest of the £93 million furniture retailer's longtime private equity backer.
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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Chart: Four years of big-ticket consumer confidence data
Consumer confidence for major purchases remains depressed but is on the mend, as the long-term data confirms.
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Digest: Relaunch of Made.com brand gathers pace
Made.com is to add two more sales channels in a further escalation of the brand's footprint following the I.P. buyout by general merchandise retailer Next last year.
TOP STORIES
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Furniture retail sales jump £61m in August
Furniture and lighting retail sales climbed on both a value and volume basis in August as they continued to lap weak data from last year.
-
Furniture sales dip at general merchandise retailer Next
General merchandise retail giant Next failed to buck the weak furniture market in the six months to July despite revenue gains elsewhere in its business.
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DFS targets £50m of annual cost savings amid hard market
DFS says it hopes to find about £50 million of annualised cost savings over the next three years with half of that to come from product-related initiatives.
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Upholstery gains for Dunelm, but retailer loses out on cabinet
Retail giant Dunelm said its share of the furniture market was flat through 2022/23 with gains in some big-ticket categories partially negated by weaker sales in others.
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Hotel contract puts Silentnight on course for massive sales growth
Silentnight, already the U.K.'s biggest bed maker, could become more than three times the size of its next largest equivalent after massive sales growth through the early months of its 2023/24 financial year.
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OTHER NEWS
DFS outlines financial cost of Berkeley Magna closure
DFS has signposted the expected financial costs associated with the planned closure of its 24,000sqft Long Eaton manufacturing site, the smallest of the retailer's three sofa factories.
Enfeebled big-ticket sentiment improves again in September
Consumer confidence for major purchases improved for a second straight month in September and is now at its least-weak level since February 2022.
Sofology aims to overtake ScS as U.K.'s second largest sofa retailer
The buildout of the retail footprint of Sofology can lead to the brand becoming the second largest upholstered furniture retailer in the country, according to parent company and market leader DFS.
Trago Mills owner swings to loss on rising costs
The owner of the Trago Mills (Trago) shopping destinations in southwest England and Wales slipped to a seven-figure deficit last year despite revenue recovering to pre-Covid levels.
Oak Furnitureland enters storage bed category for first time
National retail chain Oak Furnitureland has launched its first upholstered storage bed range after a pilot programme that saw a near four-fold rise in online bed sales.
Dunelm plans up to 20 new full-line stores inside two years
Furniture and homeware retailer Dunelm has earmarked up to £80 million for new and relocated store openings over the next two years as it looks to accelerate the pace at which it expands its physical footprint.
Household furniture price inflation falls to 29-month low
Consumer price inflation for household furniture narrowed to its lowest level in well over two years last month as post-pandemic pressure points on the industry continued to ease.
Revenue inches higher to new record for Homesense
Off-price furniture and homeware retailer Homesense booked its highest-ever sales for the second year in a row through 2022/23, despite slowing demand.
Upholstery vertical to open in former Heal's store
Upholstered furniture manufacturer and retailer The Sofa Library is to double store numbers with the opening of a new store on the South Coast.
NBF targets test for cleanliness of recycled materials from mattresses
The National Bed Federation (NBF) is to research how the industry can measure the cleanliness of reused and recycled materials from beds and mattresses thanks to a knowledge transfer partnership (KTP) with Manchester Metropolitan University (ManMet).