Thursday, March 23, 2023
Bensons for Beds to hire chief retail officer amid expanded remit for COO
Bensons for Beds chief operating officer Gavin Chappell is taking on additional responsibilities as part of plans by the national retailer to divide the role of chief customer officer into separate parts.
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Household industry names to show at Northpoint in April
The Northpoint Furniture Show will open its doors to retail buyers later this spring with representatives of more than 30 household names from the U.K. and international furniture and bed sector having signed up to exhibit.
£20m sofa retailer switches two-person delivery provider
Sofa Club, the upholstered furniture retailer that sells online and through dedicated lounges in the walkways of U.K. shopping centres, has agreed a two-person home delivery contract with Panther Logistics.
Buyout of mail-order company Scotts yields £3.5m for creditors
The takeover of Scotts by WoolOvers Group will yield more than £3.5 million for creditors though that won't be nearly enough to satisfy the mail-order retailer's outstanding liabilities.
Household furniture price inflation eases to 18-month low
Consumer price inflation for household furniture eased for the sixth month in a row in February, reaching its lowest level in a year and a half.
Flooring supplier files second notice of intent to appoint an administrator
A South East floorcoverings supplier filed a second notice of intent to appoint an administrator on Tuesday as stakeholders closed in on an apparent restructure.
IKEA opens second of three North West micro stores
Retail giant IKEA opened a Plan & Order Point in Stockport, Greater Manchester on Monday, the second of three iterations of the new-format stores that are planned for North West England.
NBF bolsters marketing support for bed retailers with new toolkits
The National Bed Federation (NBF) has boosted its retailer support offering with five marketing toolkits to increase awareness of the NBF-approved tick, and to share advice around the bed-buying process, after-purchase care, and mattress settlement.
High six-figure profits for U.K. arm of Gloster Furniture
The U.K. subsidiary of Swiss-owned upmarket outdoor furniture brand Gloster maintained high six-figure profits in the year to December 31, 2022, new accounts reveal.
Natuzzi, Dreams and NCF Living to open Gateshead stores
Three major home furnishings retailers have agreed 10-year leases to occupy stores in the redeveloped former Toys R Us unit at the Metro Retail Park, Gateshead.
Furniture Village, ScS among first non-manufacturing retailers to join BFM
Furniture Village and ScS, two of the largest furniture retailers in the country, are among the first companies to become Approved Retailer members of the British Furniture Manufacturers (BFM).
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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Six-figure Cox & Cox buyout leaves consumers in tough spot
Consumers with outstanding orders from the Cox & Cox predecessor company will have to try and reclaim cash from their card providers after restructuring advisors brokered a six-figure deal for the...
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Industry supplier comes to rescue of £41m bed brand Dormeo
Major direct-to-consumer mattress business Dormeo U.K. has traded continuously through an insolvent restructure after a diversified international bed industry supplier came to its rescue.
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Dormeo buyout prevents domino effect of job losses, says administrator
Restructuring advisors say all outstanding orders will be fulfilled following the buyout of the business of Dormeo U.K. last week in a deal that effectively saves hundreds of jobs.
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Web furniture sales dropped £300m as consumers returned to stores last year
In-store furniture retail sales made huge gains last year as U.K. lockdown trends reversed to the detriment of the ecommerce channel.
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Owners take debt investment in Sealy U.K. to over £17m
Tempur Sealy International and Sealy Australia have provided an additional £9 million of debt investment into their Sealy U.K. joint venture in the past four months to support its Cumbria-based...
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
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DATA & LISTS
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Scotts buyout: Print pain and cash depletion
The insolvent buyout of assets of the predominantly mail-order business Scotts of Stow earlier this month came as a surprise given its last public record figures show it recorded profits of almost £4 million.
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Unheralded Dudgeon Sofas deal wasn't only investment made by Timothy Oulton U.K.
Halo Group's Timothy Oulton United Kingdom subsidiary acquired a majority position in London upholstered furniture maker Dudgeon Sofas late 2021 but that wasn't the only external investment made in furniture companies that year.
TOP STORIES
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Bensons for Beds to hire chief retail officer amid expanded remit for COO
Bensons for Beds chief operating officer Gavin Chappell is taking on additional responsibilities as part of plans by the national retailer to divide the role of chief customer officer into separate parts.
-
Vast new DC is biggest-ever investment in physical assets, says Dreams
Dreams has officially opened its new warehouse at Willenhall in the West Midlands, describing the 260,000sqft facility as its largest investment in physical assets to date.
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ScS would look at it seriously if right sofa maker became available, says CEO
The CEO of ScS says the the upholstery retailer, which is flush with cash and has no debt, would give serious consideration to vertical integration if the right opportunity was passed across his desk.
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Renascent Snug reconnects with major U.K. sofa maker Westbridge
Relaunched modular sofa brand Snug has agreements in place with all three of its legacy upholstered furniture suppliers following its takeover by ScS earlier this year.
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ScS books bigger deficit but remains cash generative
Cash continued to build at ScS in the first half of its financial year despite the upholstery and flooring retailer recording a bigger net loss compared with last year.
OTHER NEWS
Household industry names to show at Northpoint in April
The Northpoint Furniture Show will open its doors to retail buyers later this spring with representatives of more than 30 household names from the U.K. and international furniture and bed sector having signed up to exhibit.
£20m sofa retailer switches two-person delivery provider
Sofa Club, the upholstered furniture retailer that sells online and through dedicated lounges in the walkways of U.K. shopping centres, has agreed a two-person home delivery contract with Panther Logistics.
Buyout of mail-order company Scotts yields £3.5m for creditors
The takeover of Scotts by WoolOvers Group will yield more than £3.5 million for creditors though that won't be nearly enough to satisfy the mail-order retailer's outstanding liabilities.
Household furniture price inflation eases to 18-month low
Consumer price inflation for household furniture eased for the sixth month in a row in February, reaching its lowest level in a year and a half.
Flooring supplier files second notice of intent to appoint an administrator
A South East floorcoverings supplier filed a second notice of intent to appoint an administrator on Tuesday as stakeholders closed in on an apparent restructure.
IKEA opens second of three North West micro stores
Retail giant IKEA opened a Plan & Order Point in Stockport, Greater Manchester on Monday, the second of three iterations of the new-format stores that are planned for North West England.
NBF bolsters marketing support for bed retailers with new toolkits
The National Bed Federation (NBF) has boosted its retailer support offering with five marketing toolkits to increase awareness of the NBF-approved tick, and to share advice around the bed-buying process, after-purchase care, and mattress settlement.
High six-figure profits for U.K. arm of Gloster Furniture
The U.K. subsidiary of Swiss-owned upmarket outdoor furniture brand Gloster maintained high six-figure profits in the year to December 31, 2022, new accounts reveal.
Natuzzi, Dreams and NCF Living to open Gateshead stores
Three major home furnishings retailers have agreed 10-year leases to occupy stores in the redeveloped former Toys R Us unit at the Metro Retail Park, Gateshead.
Furniture Village, ScS among first non-manufacturing retailers to join BFM
Furniture Village and ScS, two of the largest furniture retailers in the country, are among the first companies to become Approved Retailer members of the British Furniture Manufacturers (BFM).