Thursday, December 3, 2020
TOP STORIES
Mattress demand prompts Eve Sleep to upgrade outlook
Direct-to-consumer company Eve Sleep said it sold a mattress every three minutes on Black Friday as trading momentum since the autumn continued at elevated levels.
Multimillion pound upholstery retailer reverts to web only as creditors agree compromise
Company Voluntary Arrangement (CVA) at sofas, sofabeds and upholstered beds retailer that previously featured in Fast Track 100 list of Britain’s fastest-growing private companies.
New hires add designer furniture expertise ahead of Danetti debut store launch in £2.7m HQ
Rising ecommerce furniture retailer Danetti will open its previously-signposted first showroom this weekend as it takes its business from clicks to bricks for the first time. It follows important personnel hires for the company.
Independent furniture retailer takes former Harveys store in North East
Privately-owned retailer targets Boxing Day launch for second new store this year.
Worldwide furniture markets will grow in 2021, forecaster says
Major economies will lead a return to growth in the worldwide furniture market next year, according to respected research body CSIL.
Warning siren for furniture industry following Debenhams' wind down
One of the secrets to selling is having both an offer and a deadline, someone who knows a lot about selling once told me.
Health & Safety: Furniture and other factory owners could face spot checks to ensure they are Covid-secure
The British Furniture Manufacturers (BFM) has stressed the need for business owners to have made their factories Covid-secure, not just to protect employees but also to prevent falling foul of the Health & Safety Executive (HSE).
La-Z-Boy U.K. gifts recliners to Royal Berkshire Hospital
The British arm of upholstery producer La-Z-Boy has gifted three high-end recliners to the staff wellbeing area at the Royal Berkshire Hospital.
Output leap for £76m carpet maker despite headcount cut
Business model adjustments have helped drive major efficiency improvements for Abingdon Flooring, one of the U.K.'s largest carpet makers, parent company Victoria said yesterday.
Reorganisation sees change of owner for downsized retailer of oriental furniture
Orchid Furniture, a high-end interiors retailer specialised in oriental style products, has reorganised with fewer stores under a new owner-operated company.
Bed maker calls for industry to switch from fossil-based polythene packaging
Hypnos has co-developed a new eco-packaging solution and wants other companies across the furniture and bed industries to adopt it too.
EBITDA up 37% on higher sales for furniture wholesaler Annaghmore
Sales growth returned for Portadown furniture wholesaler Annaghmore Agencies in 2019 with profits before non-cash and finance costs rising by more than a third.
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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Post-lockdown order surge saw sofa imports rise at fastest pace in a year
Orders placed after furniture retailers sprinted out of the first national lockdown resulted in upholstery imports into the U.K. climbing at their fastest pace in 12 months.
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Mammoth teams health magazines for new mattress line sold through Argos
Consumers magazines Women's Health and Men's Health U.K. have launched a licensed mattress programme in partnership with sleep specialist Mammoth. The line is being sold exclusively by Argos.
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China, Denmark lead recovery in mattress imports
Foam and sprung mattress imports trended up double-digit on the back of big increases from the U.K's second and third biggest trading partners, new data shows.
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Demand surged in Q3 for upholstery group behind Alstons, Ashley Manor
Upholstery group TCM Living posted high third-quarter growth on the back of a flood of post spring-lockdown orders but said demand has outstripped its capacity, impacting costs.
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Furniture Village to open stores in Midlands and South in first expansion since 2017
National retailer Furniture Village is to open two new stores later this year in the first physical expansion of its portfolio in three years.
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
OPINION & ANALYSIS
Warning siren for furniture industry following Debenhams' wind down
One of the secrets to selling is having both an offer and a deadline, someone who knows a lot about selling once told me.
Furniture retailers' concerns over Christmas trading may be overblown
We are about to enter a key period for the U.K. furniture trade and anxiety levels are understandably high.
Dreams demonstrates its value as Sun Capital makes new bed industry investment
Sun Capital Partners has an excellent track record in home furnishings with the 2019 figures from Dreams providing the latest endorsement of its interest in the sector.
High winds in the Gulf of Mexico threaten to topple over Britain's furniture industry
It is counter-intuitive that on the day we reported that September saw record-breaking furniture retail sales, we also reveal that some British manufacturers may have to temporarily close their factories.
DATA & LISTS
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Debt: Whose owed what by insolvent furniture industry entities: November 27, 2020
Three companies left combined debts of £16.5m with 20 companies owed £10,000 or more.
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The Insolvency Report: Bust companies in the week to November 27, 2020
Seven insolvencies from within the furniture and furnishings industry were announced in the period from November 21–27, 2020.
TOP STORIES
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Mattress demand prompts Eve Sleep to upgrade outlook
Direct-to-consumer company Eve Sleep said it sold a mattress every three minutes on Black Friday as trading momentum since the autumn continued at elevated levels.
-
Multimillion pound upholstery retailer reverts to web only as creditors agree compromise
Company Voluntary Arrangement (CVA) at sofas, sofabeds and upholstered beds retailer that previously featured in Fast Track 100 list of Britain’s fastest-growing private companies.
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Major U.K. push to see Natuzzi open four new stores Boxing Day
Italian upholstery vertical Natuzzi will expand its retail footprint in the U.K. this Christmas amid strong demand so far this year for its Natuzzi Editions brand.
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Bed giant Hilding Anders to create digital hub and launch three DTC brands in 2021
Bed manufacturing conglomerate Hilding Anders has appointed Jason Forbes to lead a major direct-to-consumer push including the creation of an 80-strong ecommerce and digital team.
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All Debenhams stores face closure by March
Department store chain Debenhams is to be placed into liquidation after FRP Advisory said efforts to find a buyer since it was appointed administrator back in the spring had failed to yield a positive outcome.
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Sofology to open three new stores this month as it closes on half-century
Upholstery retailer Sofology will take store numbers close to 50 with the opening of three more units this side of the New Year, starting tomorrow on the South Coast.
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Bullish bedroom retailer Sharps finds profit gain
Sharps, the fitted furniture chain, recorded a 56 percent rise in underlying profits for the three months to end September and says performance should not be unduly impacted by the latest lockdown in England.
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Victoria says sales are up 23% since June
The executive chairman of flooring conglomerate Victoria says he expects no let up in demand with the group to achieve meaningful organic growth into 2021 as consumers continue to invest in their homes.
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Maisons du Monde books higher U.K. profits despite sales slide and seven-figure Debenhams hit
Profits climbed for the U.K. operation of French furniture and home décor retailer Maisons du Monde last year despite its ill-fated Debenhams concessions costing the business 75 pence for every pound of sales.
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Orders rise for Natuzzi but production backlog hits delivered sales
Revenue fell mid-single digits for Natuzzi in the third quarter but the Italian upholstery manufacturer and retailer said the order outlook is brighter.
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OTHER NEWS
New hires add designer furniture expertise ahead of Danetti debut store launch in £2.7m HQ
Rising ecommerce furniture retailer Danetti will open its previously-signposted first showroom this weekend as it takes its business from clicks to bricks for the first time. It follows important personnel hires for the company.
Independent furniture retailer takes former Harveys store in North East
Privately-owned retailer targets Boxing Day launch for second new store this year.
Worldwide furniture markets will grow in 2021, forecaster says
Major economies will lead a return to growth in the worldwide furniture market next year, according to respected research body CSIL.
Health & Safety: Furniture and other factory owners could face spot checks to ensure they are Covid-secure
The British Furniture Manufacturers (BFM) has stressed the need for business owners to have made their factories Covid-secure, not just to protect employees but also to prevent falling foul of the Health & Safety Executive (HSE).
La-Z-Boy U.K. gifts recliners to Royal Berkshire Hospital
The British arm of upholstery producer La-Z-Boy has gifted three high-end recliners to the staff wellbeing area at the Royal Berkshire Hospital.
Output leap for £76m carpet maker despite headcount cut
Business model adjustments have helped drive major efficiency improvements for Abingdon Flooring, one of the U.K.'s largest carpet makers, parent company Victoria said yesterday.
Reorganisation sees change of owner for downsized retailer of oriental furniture
Orchid Furniture, a high-end interiors retailer specialised in oriental style products, has reorganised with fewer stores under a new owner-operated company.
Bed maker calls for industry to switch from fossil-based polythene packaging
Hypnos has co-developed a new eco-packaging solution and wants other companies across the furniture and bed industries to adopt it too.
EBITDA up 37% on higher sales for furniture wholesaler Annaghmore
Sales growth returned for Portadown furniture wholesaler Annaghmore Agencies in 2019 with profits before non-cash and finance costs rising by more than a third.
U.K. growth drives profits return at Andrew Martin
Diversified interior design brand Andrew Martin International returned to profit after sales in the U.K. jumped almost a quarter in the year to January 31, 2020.