Saturday, July 21, 2018
TOP STORIES
Threat to House of Fraser CVA as landlords club together to file legal challenge
Landlords have made an eleventh hour bid to scupper House of Fraser's Company Voluntary Arrangement (CVA), filing a legal challenge in the Scottish courts.
Bradbeers builds asset base in flat year for retail sales
Underlying profits advanced for South Coast independent retailer Bradbeers in a year that saw it invest heavily in property and consolidate borrowing.
Magnet shrugs off tough market with double-digit growth in Q2
Swedish kitchens conglomerate Nobia said its repositioned Magnet chain was the star performer for its British business in the second quarter.
IPO valued high-end French furniture company Roche Bobois at nearly €200m
International furniture retailer Roche Bobois has raised about €20 million after offering around 10 percent of the business to investors via an IPO earlier this month.
Majority of creditors back Steinhoff restructuring plan
Steinhoff International Holdings has taken another step on the path to recovery after it said the majority of creditors back proposals to restructure its debts.
Wood living, dining and bedroom furniture imports fall
Imports of wood living, dining and bedroom cabinet declined in May with across-the-board falls from leading Asia supply routes.
Inflation Data: Mattress prices are falling according to official figures
Mattress prices at the factory gate fell for a ninth straight month in June according to figures out yesterday from the Office for National Statistics.
Sales up for flooring wholesaler ahead of Midlands expansion
Valley Carpets, one of the UK's largest privately-owned flooring wholesalers, grew sales again last year as it readied geographical expansion.
Furniture companies offered help recruiting and managing apprentices
The furniture skills body set up last year to support the industry as the Apprenticeship Levy came into existence is introducing a new initiative to help companies find and manage the next generation of employees.
Headlam like-for-like fall softened by acquisitions
Headlam, the largest flooring distributor in Europe, has made a third acquisition for the year amid a backdrop of falling like-for-like sales.
Carpet imports fall for third straight month
Imports of carpets declined in May on the back of weaker figures from Belgium, Britain's biggest source of foreign-made carpets.
Home sales fell 11% at John Lewis last week
Sales of home merchandise fell for a seventh straight week at John Lewis with the retailer citing the continued hot weather and the World Cup as drags on demand.
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:
-
UK production
-
Imports
-
Exports
-
Key Trading Partners
-
Total UK market size
BEST READ IN THE PAST MONTH
-
Steinhoff UK household goods division records €31m half-year loss
Half-year operating losses widened for Steinhoff's UK household goods division ahead of it implementing a new plan to improve the fortunes of its underperforming Harveys chain.
-
Dreams to sell Eve mattresses in 193 stores nationwide
Eve Sleep will sell its heavily-promoted mattresses and other ancillary products in Dreams stores, after agreeing a partnership with the national bed specialist.
-
Eve Sleep CEO departs after 'strategic missteps'
Mattress brand Eve Sleep has parted company with CEO and co-founder Jas Bagniewski with immediate effect. The company says its performance fell short of expectations in the six months to end June.
-
Home down double-digit as weather impacts John Lewis
The sun scorched a hole in John Lewis' sales figures last week as the weather kept big-ticket shoppers away.
-
Gallery says bed maker integration will boost product development
Gallery Direct is to integrate the Dreamworks Beds operation it bought in 2015 into the Gallery business in a move it says will benefit both parties and eliminate duplication.
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:
-
UK retail sales value and y/y delta. Monthly and annual
-
Breakdown by product category
-
Historical data
-
Monthly and annual figures
OPINION & ANALYSIS
Counting the ways Harveys is pivotal to Steinhoff's UK business
The reasons we think Harveys makes for an unlikely disposal candidate.
Undercutting rivals could send mattress companies batty
Mattress startups can't wait too long before making proper money.
Factory gate data suggests more pain on the way. But not for everyone
Consumer furniture price inflation eased in May after a period of sustained high levels, driven by currency movement and rising input costs.
Furniture makers are never more than a boardroom decision away from peril
The situation at Ultra Furniture underscores the fragility at the heart of the business of furniture making.
DATA & LISTS
-
Debt Report: July 20, 2018
Today's list contains five insolvent companies leaving combined debts of £4,105,913. Names all 43 creditors owed £10,000 or more.
-
Corporate bankruptcies in the week to July 20, 2018
Seven insolvencies from within the furniture and furnishings industry were announced in the period July 13–20, 2018.
-
Debt Report: July 14, 2018
Today's list contains eight insolvent companies leaving combined debts of £1,757,218. Names all 41 creditors owed £10,000 or more.
-
Who's gone bust? Corporate bankruptcies in the week to July 12, 2018
Six insolvencies from within the furniture and furnishings industry were announced in the period Jul. 9–12, 2018.
TOP STORIES
-
Threat to House of Fraser CVA as landlords club together to file legal challenge
Landlords have made an eleventh hour bid to scupper House of Fraser's Company Voluntary Arrangement (CVA), filing a legal challenge in the Scottish courts.
-
Bradbeers builds asset base in flat year for retail sales
Underlying profits advanced for South Coast independent retailer Bradbeers in a year that saw it invest heavily in property and consolidate borrowing.
-
Multiyork administrator considers claim against foam suppliers
Duff & Phelps is exploring the possibility of taking action against Multiyork's foam suppliers in a bid to raise more cash for the company's creditors.
-
Beds the only big-ticket home category to grow in first half of 2018
Sales declines swept the board across all big-ticket furniture categories in June, leaving only beds and mattresses ahead on an annual basis in the year so far.
-
Julian Cox returns to buying group Associated Independent Stores
Julian Cox is rejoining Associated Independent Stores, the UK furniture industry's largest buying group, after a second spell with Furniture Village.
-
Furniture Village makes internal appointment for new product management role
National retailer Furniture Village has promoted Anthony Cato to the newly-created role of head of product management.
-
Why Trump's China tariffs could aid UK furniture importers
Apprehension among furniture makers was well-founded after fresh tariff proposals dragged the furniture industry into the developing trade war between China and the U.S. This could yet impact the UK.
-
La-Z-Boy buys U.S sofa etailer in bid to woo millennials
Furniture maker La-Z-Boy has agreed to buy Joybird, a fast-growing American Internet retailer specialised in mid-century modern upholstery.
-
The Cotswold Company snaps up IP of failed cabinet furniture retailer
Furniture retailer The Cotswold Company has acquired intellectual property belonging to failed cabinet furniture retailer Oak Furniture Solutions.
-
First fall in mattress imports in nearly two years
Foam and sprung mattress imports into Britain declined according to new official figures, bringing an end to 19 straight months of year-on-year growth.
ADVERTISEMENT
OTHER NEWS
Magnet shrugs off tough market with double-digit growth in Q2
Swedish kitchens conglomerate Nobia said its repositioned Magnet chain was the star performer for its British business in the second quarter.
IPO valued high-end French furniture company Roche Bobois at nearly €200m
International furniture retailer Roche Bobois has raised about €20 million after offering around 10 percent of the business to investors via an IPO earlier this month.
Majority of creditors back Steinhoff restructuring plan
Steinhoff International Holdings has taken another step on the path to recovery after it said the majority of creditors back proposals to restructure its debts.
Wood living, dining and bedroom furniture imports fall
Imports of wood living, dining and bedroom cabinet declined in May with across-the-board falls from leading Asia supply routes.
Inflation Data: Mattress prices are falling according to official figures
Mattress prices at the factory gate fell for a ninth straight month in June according to figures out yesterday from the Office for National Statistics.
Sales up for flooring wholesaler ahead of Midlands expansion
Valley Carpets, one of the UK's largest privately-owned flooring wholesalers, grew sales again last year as it readied geographical expansion.
Furniture companies offered help recruiting and managing apprentices
The furniture skills body set up last year to support the industry as the Apprenticeship Levy came into existence is introducing a new initiative to help companies find and manage the next generation of employees.
Headlam like-for-like fall softened by acquisitions
Headlam, the largest flooring distributor in Europe, has made a third acquisition for the year amid a backdrop of falling like-for-like sales.
Carpet imports fall for third straight month
Imports of carpets declined in May on the back of weaker figures from Belgium, Britain's biggest source of foreign-made carpets.
Home sales fell 11% at John Lewis last week
Sales of home merchandise fell for a seventh straight week at John Lewis with the retailer citing the continued hot weather and the World Cup as drags on demand.