Sunday, January 23, 2022
Bensons for Beds EBIT positive as it plans 35 new stores this year
National bed specialist Bensons for Beds says it has returned to profit at the EBIT line and outlined plans to maintain new-store opening momentum this year.
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Fabrics exhibition Proposte pushes out dates to late April
Proposte, the northern Italian textiles exhibition popular with sofa makers and other buyers of furnishings fabrics, has rescheduled its spring 2022 edition by a few weeks.
New debt issue will help Julian Bowen owner fund more buyouts
The Swedish investment group that acquired U.K. furniture wholesaler Julian Bowen last year has tapped debt investors for more cash to fund further buyouts.
Major Purchase Index falls on living cost fears
Consumer confidence took a hit in January as the prospect of Covid restrictions being eased was outweighed by the spectre of higher living costs, according to GfK, the polling company.
Profits up four-fold for mattress, bedding brand Woolroom as it eyes U.S. expansion
Natural wool mattress and bedding company Woolroom has agreed a six-figure funding package as it looks to build a bigger international business after breakout profitable growth last year.
Mastercard U.K. boss joins Dunelm board
Dunelm Group, the out-of-town home and furniture retailer, has appointed payments expert Kelly Devine to its board as a non-executive director.
CMS moves into larger premises and hires sales and marketing director
Colour Marketing Services (CMS), which supplies a diversified range of sampling services and products to the furniture, flooring and interiors sectors, has appointed Caroline Adams as sales and marketing director. It has also moved into larger manufacturing premises.
Furniture testing provider reschedules Open Days to the spring
Furniture and furnishings test house FIRA International has rescheduled its planned winter Open Day events to the spring, citing visitor and staff wellbeing.
Online home market softer than expected, says ecommerce retailer
Home and gift sales trended downwards in the final weeks of 2021 for ecommerce group N Brown, operator of brands including JD Williams and Home Essentials.
Halo Group now owns 100% of London furniture company, filings show
More details on late 2021 buyout of remaining shares in upmarket interior design and furniture retail company.
Factory shutdowns appear to have limited impact on Vietnamese shipments to U.K.
Legislators in Vietnam imposed some of the most severe Covid restrictions worldwide last year with widespread factory shutdowns, but they are yet to materially damage furniture exports to the U.K.
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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Upholstery chain DFS begins selling products from Swoon
Furniture and homeware company Swoon has become the latest third-party brand to have its products offered on the platform of DFS, the U.K.'s upholstery market leader.
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Class-leading flooring retailer says it performed well amid pandemic
North West retailer and contractor Mears Flooring maintained a double-digit net margin in 2020/21 despite the first lockdown clipping both its top and bottom lines.
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Profits up as Barker and Stonehouse returns to top line growth
Barker and Stonehouse, the North East headquartered independent furniture retailer, booked higher profits in 2020/21 ahead of investment in logistics, technology and its store network.
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Furniture insolvencies jump as Covid support measures fall away
Furniture, flooring and furnishings insolvencies jumped both sequentially and on an annual basis in the final quarter as state support measures such as the furlough scheme were brought to an end.
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MADE expects to cut lead times below pre-Covid levels by July
Furniture retailer Made.com Group (MADE) says self-help measures instigated in the second half of last year will soon result in shorter lead times against a backdrop of industry-wide supply chain...
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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Debt Report: Filings in the seven days to January 21, 2022
Five companies left debts of £6.4 million with 20 entities owed £10,000 or more.
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The Insolvency Report: Filings in the week to January 21, 2022
Three insolvencies from within the furniture and furnishings industry were announced in the seven days to January 21, 2022.
TOP STORIES
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Bensons for Beds EBIT positive as it plans 35 new stores this year
National bed specialist Bensons for Beds says it has returned to profit at the EBIT line and outlined plans to maintain new-store opening momentum this year.
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Tough comps send furniture sales lower in December
The value of furniture and lighting sales declined on both a one and two year basis in December according to data from the Office for National Statistics (ONS) as lower volumes outweighed the inflationary impact of higher prices.
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Upholstery brand The Lounge Co opens second standalone showroom
Upholstery retail and wholesale brand The Lounge Co has opened a second standalone showroom in London as it looks to boost its business in the capital.
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Leekes starts £10m refurbishment at flagship South Wales store
Home department store retailer Leekes will start clearing £5 million of furniture from its Llantrisant flagship on Thursday morning as it begins a multi-faceted refurbishment programme that will transform the South Wales store.
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Eve expects U.K. and Ireland business to hit break-even this year
Eve Sleep says early 2022 trading is ahead of what were challenging comparatives as it targets a break-even position for its U.K. and Ireland business this year.
OTHER NEWS
Fabrics exhibition Proposte pushes out dates to late April
Proposte, the northern Italian textiles exhibition popular with sofa makers and other buyers of furnishings fabrics, has rescheduled its spring 2022 edition by a few weeks.
New debt issue will help Julian Bowen owner fund more buyouts
The Swedish investment group that acquired U.K. furniture wholesaler Julian Bowen last year has tapped debt investors for more cash to fund further buyouts.
Major Purchase Index falls on living cost fears
Consumer confidence took a hit in January as the prospect of Covid restrictions being eased was outweighed by the spectre of higher living costs, according to GfK, the polling company.
Profits up four-fold for mattress, bedding brand Woolroom as it eyes U.S. expansion
Natural wool mattress and bedding company Woolroom has agreed a six-figure funding package as it looks to build a bigger international business after breakout profitable growth last year.
Mastercard U.K. boss joins Dunelm board
Dunelm Group, the out-of-town home and furniture retailer, has appointed payments expert Kelly Devine to its board as a non-executive director.
CMS moves into larger premises and hires sales and marketing director
Colour Marketing Services (CMS), which supplies a diversified range of sampling services and products to the furniture, flooring and interiors sectors, has appointed Caroline Adams as sales and marketing director. It has also moved into larger manufacturing premises.
Furniture testing provider reschedules Open Days to the spring
Furniture and furnishings test house FIRA International has rescheduled its planned winter Open Day events to the spring, citing visitor and staff wellbeing.
Online home market softer than expected, says ecommerce retailer
Home and gift sales trended downwards in the final weeks of 2021 for ecommerce group N Brown, operator of brands including JD Williams and Home Essentials.
Halo Group now owns 100% of London furniture company, filings show
More details on late 2021 buyout of remaining shares in upmarket interior design and furniture retail company.
Factory shutdowns appear to have limited impact on Vietnamese shipments to U.K.
Legislators in Vietnam imposed some of the most severe Covid restrictions worldwide last year with widespread factory shutdowns, but they are yet to materially damage furniture exports to the U.K.