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A large North West ecommerce furniture and homewares group that generates 60 percent of its £45.5 million turnover through Amazon says it expects to return to profit in the next three months after a long period of supply chain challenges.
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- SUPPLY & WHOLESALE
One-off costs settling a Competition and Markets Authority (CMA) price probe hit profits at the group behind Oxfordshire supplier Där Lighting last year.
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- RETAIL & DISTRIBUTION
IKEA Ireland is cut its dependence on U.K. warehouses by opening its first dedicated Irish Customer Distribution Centre (CDC), drastically reducing delivery times.
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- SUPPLY & WHOLESALE
Restructuring advisors say they accepted the offer from newco Kettle Home for the assets of Kettle Interiors U.K. only yesterday (Mar. 29, 2023) after what it described as an open marketing process that attracted significant interest from here and abroad.
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- RETAIL & DISTRIBUTION
RH, the U.S. furniture retailer formerly known as Restoration Hardware, has revealed plans to open an interior design studio here in addition to the two vast galleries already in the pipeline.
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- RETAIL & DISTRIBUTION
The buildout of the Soho Home retail and wholesale brand in the U.K. saw it rack up a large seven-figure profits turnaround as activity ramped up through the pandemic period.
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- RETAIL & DISTRIBUTION
Retailer Bensons for Beds will on Thursday kickstart the next phase in its plan for the eveSleep brand, expanding and displaying its mattress programme across its c. 160-store national retail network for the first time.
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- SUPPLY & WHOLESALE
Sanderson Design Group has agreed a licensing agreement with J Sainsbury that will see the supermarket group's Habitat brand develop a wide range of products in collaboration with the Morris & Co. and Scion brands.
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- RETAIL & DISTRIBUTION
Next has confirmed that Made.com will trade on its Total Platform network but says there are no such plans currently in place for the furniture retailer Swoon, it which it holds a significant stake, to become a client.
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- RETAIL & DISTRIBUTION
Designer furniture and homeware retailer The Conran Shop has taken owner funding to new highs after a fresh equity issue late winter.
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- RETAIL & DISTRIBUTION
The privately-owned franchise behind the modern furniture retail brand BoConcept across Scotland has outlined the value of its investment as it upsized its business through 2021/22.
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- SUPPLY & WHOLESALE
Newly-formed company Kettle Home is the new owner of assets including intellectual property and inventory after wholesaler Kettle Interiors U.K. was placed into administration last Friday.
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- RETAIL & DISTRIBUTION
General merchandise retailer Next has made a debt investment in furniture and homeware retailer Swoon Editions, expanding on a minority equity position built last year.
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- SUPPLY & WHOLESALE
Living, dining and bedroom furniture supplier Teemo has appointed former Made.com general manager Kevin Guillaume as chief operations officer Southeast Asia.
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- RETAIL & DISTRIBUTION
National bed retailer Bensons for Beds will expand its store footprint this weekend with the opening of a new store near its Cambridgeshire manufacturing base.
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- SUPPLY & WHOLESALE
Furniture wholesaler Kettle Interiors U.K. has been placed into administration with all 126 of its employees made redundant, restructuring advisors have confirmed.
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- SUPPLY & WHOLESALE
A court has handed West Midlands cabinet, mattress and bedframe importer and wholesaler Serene Beds and Furniture another ten days to reorganise its affairs.
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The managed wind down at South Yorkshire ready-to-assemble cabinet manufacturer Addspace Furniture has had knock-on effects for a co-controlled ecommerce retailer.
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- RETAIL & DISTRIBUTION
Brits felt more inclined to splash out on high value items such as furniture and flooring than in any time in almost a year in March according to a closely-followed consumer poll.
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- RETAIL & DISTRIBUTION
Furniture discovery and search website ufurnish.com has launched a collaboration with Airbnb, the service that lets property owners rent out their spaces to travellers looking for a place to stay.
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- SUPPLY & WHOLESALE
Stakeholders in wholesaler Kettle Interiors U.K. are working to complete a restructuring process that will secure the future of the Corby based furniture supplier.
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- RETAIL & DISTRIBUTION
Upholstery and flooring retailer ScS is to evaluate how consumers respond to DFS cutting its interest free credit offer by 12 months earlier this month, but says its own focus will remain offering optimum value.
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- RETAIL & DISTRIBUTION
The value of furniture and lighting sales inched forward at well-below inflation rates in February according to data released Friday morning by the Office for National Statistics (ONS).
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- RETAIL & DISTRIBUTION
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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- RETAIL & DISTRIBUTION
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.
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- RETAIL & DISTRIBUTION
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.
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- RETAIL & DISTRIBUTION
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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- RETAIL & DISTRIBUTION
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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- RETAIL & DISTRIBUTION
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.
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- RETAIL & DISTRIBUTION
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.
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- RETAIL & DISTRIBUTION
The acquisition of Sofa Workshop weighed heavy on the principal U.K. trading arm of international furniture brand Timothy Oulton ahead of the historic upholstery retailer's subsequent closure.
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- SUPPLY & WHOLESALE
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.
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- RETAIL & DISTRIBUTION
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.
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- RETAIL & DISTRIBUTION
The investor group that last year acquired the business behind the Oak Furniture Superstore retail brand threatened legal action against the vendors after fire safety issues surrounding some of its products emerged following the buyout.
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- RETAIL & DISTRIBUTION
Creditors of Mark Harris Furniture, the furniture wholesale and retail company whose assets were sold via a prepack buyout last month, were owed more than £14 million at the time of the restructure.
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- RETAIL & DISTRIBUTION
Housebuilder Barratt London is offering owners of new-build homes the opportunity furnish them with furniture packs from IKEA after launching a collaboration with the Swedish retail brand.
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- RETAIL & DISTRIBUTION
The famous four-year's interest free credit (IFC) offer of DFS is no more after the upholstery market leader cut the maximum term customers can take to repay by a full 12 months, citing rising costs.
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- SUPPLY & WHOLESALE
Sanderson Design Group says it is committed to protecting its interests ahead of a hearing next month regarding an intellectual property dispute with Waltham Forest Council.
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- RETAIL & DISTRIBUTION
A longstanding Lincoln case goods furniture retailer will close next week following its owner's decision to retire.
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- RETAIL & DISTRIBUTION
Building work has begun at MattressNextDay's purpose-built distribution centre and showroom in the South East of England.
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- RETAIL & DISTRIBUTION
Home revenue declined at department store retailer John Lewis in the year to end January as customer spending patterns adjusted because of the rising cost of living.
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- REGIONAL
A London furniture retailer that once ran six stores across the South East of England will be down to one after it announced the closure of its longstanding Chelsea unit.
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- RETAIL & DISTRIBUTION
John Lewis Partnership (JLP), parent to John Lewis and Waitrose, has appointed Nish Kankiwala as its first-ever CEO.
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- RETAIL & DISTRIBUTION
Bensons for Beds will this weekend expand its West Midlands retail footprint with the launch of a new store at Erdington to the northeast of Birmingham city centre.
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- SUPPLY & WHOLESALE
The near-term future of West Midlands beds and cabinet furniture distributor Serene Beds and Furniture is uncertain after a court filing on Monday.
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- RETAIL & DISTRIBUTION
Mail-order furniture, general merchandise and fashion brand Grattan has received fresh shareholder backing after a third equity issue in a little over a year.
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- RETAIL & DISTRIBUTION
The closure of a 17-store adjustable furniture and mobility products specialist spells bad news for a co-controlled ecommerce business, which faces the write-off of a large multi-million pound debt.
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- RETAIL & DISTRIBUTION
Netherlands based INGKA Holding, the world's largest IKEA retailer, beefed up its U.K. property portfolio last year after making its largest investments here since before the pandemic.
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- RETAIL & DISTRIBUTION
A West Sussex lifestyle retailer has acquired the business and assets of Scotts, the circa £50 million turnover general merchandise retailer that carries a substantial furniture and home programme.
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- SUPPLY & WHOLESALE
British furniture manufacturers made a positive start to 2023 with output climbing compared with January last year. December figures have also been revised upwards.
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- SUPPLY & WHOLESALE
Pine and hardwood cabinet furniture distributor Devonshire remained profitable through 2021/22 as wider gross margin helped mitigate lower output.
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- INTERNATIONAL
International furniture and home décor retailer Maisons du Monde saw profits fall last year as revenue declined and margins narrowed.
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- RETAIL & DISTRIBUTION
Moda Furnishings, the premium outdoor living retailer, is opening a pop-up showroom at The Victoria Quarter in the centre of Leeds later this month.
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- RETAIL & DISTRIBUTION
The founder of Oak Furnitureland continues to have an equity interest in rival brand Oak Furniture Superstore following the division of that retailer's assets via an insolvent restructure last month.
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- RETAIL & DISTRIBUTION
HMRC was the largest creditor of the predecessor Cox & Cox ecommerce operation, with restructuring advisors saying the asset sale to Giomani Designs yielded just over £600,000, confirming figures we reported last week.
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- SUPPLY & WHOLESALE
Britain's largest flooring wholesaler says it wants to grow its business with larger retail and trade customers by more than £100 million over the next five years.
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- RETAIL & DISTRIBUTION
Gordon Mearns is retiring and stepping down as managing director of Sterling Furniture after two decades in the role, ushering in a new phase at the 50-year old Scottish retailer. A CEO search is underway while third generation family members will shortly join the board.
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- RETAIL & DISTRIBUTION
A Buckinghamshire upholstered furniture manufacturer and retailer that dates back to the 1950s has refashioned its corporate structure after a predecessor company was placed into liquidation last month.
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- RETAIL & DISTRIBUTION
Ingka Group, the largest IKEA retailer in the world, says women now make up about 50 percent of the top management teams across the 31 countries worldwide where it operates.
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- RETAIL & DISTRIBUTION
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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- SUPPLY & WHOLESALE
The shutdown of the U.K. arm of Sweden-headquartered furniture brand Rowico is entering its final stages as restructuring advisors clear the last of its remaining inventory.
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- RETAIL & DISTRIBUTION
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 etailer's assets last week.
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- RETAIL & DISTRIBUTION
Privately-owned furniture retailer Lee Longlands returned a positive bottom line for the second straight year on the back of high demand through the latter part of the pandemic.
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- RETAIL & DISTRIBUTION
The company behind the Killymoon Living and CFC Interiors furniture brands made top and bottom line gains through 2021/22 but used some of the proceeds to pay off debt as it forewarned of a weaker year to follow.
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- RETAIL & DISTRIBUTION
The closure of a 17-store direct-to-consumer brand selling rise and recline chairs, adjustable beds and other mobility aids earlier this year leaves creditors facing a shortfall north of £12 million.
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Eight ecommerce furniture, home and mattress companies — three of which have dedicated U.K. online stores — have featured in the Financial Times 2023 FT 1000 list of Europe's fastest-growing companies.
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- RETAIL & DISTRIBUTION
Sales in Ireland inched forward for major furniture and electricals retailer Harvey Norman in the second half of 2022 on the back of a new store and a rise in average prices. Its smaller Northern Ireland operation found life trickier.
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- SUPPLY & WHOLESALE
East Midlands furniture importer and distributor Birlea has introduced a new price list with reductions of an average 11 percent across its entire product roster.
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- RETAIL & DISTRIBUTION
Embattled ecommerce furniture, homeware, garden and gift retailer Cox & Cox is expected to survive after calling in restructuring advisors earlier this week.
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- RETAIL & DISTRIBUTION
Heritage furniture and homeware brand Habitat will be without any standalone U.K. store presence from the summer after owner J Sainsbury announced plans to close its last remaining branches here.
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- RETAIL & DISTRIBUTION
Privately-owned furniture retailer Glasswells has remodelled its Ipswich home furnishings store to create what it called a brighter and more contemporary atmosphere.
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- RETAIL & DISTRIBUTION
Efforts to rescue furniture and homeware retailer Cox & Cox reached a critical juncture on Monday afternoon after restructuring advisors were called in at the Somerset ecommerce company.
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- RETAIL & DISTRIBUTION
Pippa Wicks, the senior-most official at department store retailer John Lewis & Partners, is to leave the business after two and a half years as its executive director.
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- SUPPLY & WHOLESALE
Shipping pressures and dealing with the aftermath of the pandemic meant last year was the most challenging yet, according to bedroom furniture and upholstery distributor Furniture Wholesale Group (FWG).
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- RETAIL & DISTRIBUTION
National kitchens retailer Wren is to diversify its product range with the launch of Wren Bedrooms, expanding its customer offer into fitted wardrobes, chests, dressers and standalone items.
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- RETAIL & DISTRIBUTION
Independent bed retailer Archers Sleepcentre found top and bottom line growth through 2021/22 in a period that saw its md complete a management buyout of the business.
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- RETAIL & DISTRIBUTION
Marks and Spencer (M&S) and Fired Earth are to build on an existing homeware collaboration by adding further products including upholstered, occasional and living room furniture lines.
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- RETAIL & DISTRIBUTION
Trading conditions in the U.K. and other international markets are currently far harder than in its domestic market, according to the leader of home goods ecommerce giant Wayfair.
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- RETAIL & DISTRIBUTION
EZ Living Interiors, one of Ireland's largest furniture and homeware retailers, has launched JOYA Sleep, a standalone and sustainable mattress brand with its own dedicated ecommerce channel.
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- RETAIL & DISTRIBUTION
The largest operator of IKEA stores worldwide has made a €9 million investment in a U.K. company specialising in credit risk, risk analytics and predictive modelling based on bank transaction data.
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- RETAIL & DISTRIBUTION
The near-term future of ecommerce furniture and homeware retailer Cox & Cox is uncertain after its operating company filed a notice of intent to appoint an administrator (NOI) earlier this week.
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- SUPPLY & WHOLESALE
The Vita Group says it has doubled staff headcount and increased production four-fold at the foam manufacturing plant it acquired from sofa maker Natuzzi in the two years since the takeover was announced.
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- RETAIL & DISTRIBUTION
Home shopping general merchandise retailer N Brown Group has appointed Dominic Appleton as chief financial officer designate to succeed current incumbent Rachel Izzard.
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- SUPPLY & WHOLESALE
Retail giant Next and Sanderson Design Group (SDG) have agreed a licensing tie-up for the latter's Clarke & Clarke brand that will see its product range diversify into new categories including furniture.
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- RETAIL & DISTRIBUTION
Oak Furniture Superstore has a new owner after a deal was concluded late Tuesday afternoon for the business and assets of the multi-million pound turnover online cabinet and upholstery retailer.
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- RETAIL & DISTRIBUTION
Premium kitchen maker Poggenpohl has retimed the relaunch of one of its flagship U.K. showrooms for a second time.
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- RETAIL & DISTRIBUTION
Mattress Online maintained margin and seven-figure profits through 2021/22 as it adjusted to what its CEO called an "anticipated change to consumer spending behaviour as the U.K. retail market settles into a post-lockdown world."
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- SUPPLY & WHOLESALE
A West Midlands interior design company that created interiors for show homes across new-build developments has folded leaving a large tax liability.
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- RETAIL & DISTRIBUTION
Stakeholders in the Evans of High Wycombe furniture business say they are awaiting clarification of the brand's future after its until-now operating company was placed into liquidation last week.
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- RETAIL & DISTRIBUTION
Habitat, the Sainsbury's owned furniture and homeware brand, has agreed a multi-platform deal to sponsor Friday nights in on 4, broadcaster Channel 4 has announced.
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- RETAIL & DISTRIBUTION
ScS has revamped its corporate identity with a new logotype and strapline that launches concurrently with a television advertising campaign that steers the sofa and flooring retailer in a new direction.
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- RETAIL & DISTRIBUTION
U.K. furniture retailers found year-on-year turnover growth in January as a result of the pickup in demand in the autumn and normalised lead times. But the total remained short of pre-pandemic levels.
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Building out the business of fast-growing furniture search website ufurnish.com resulted in its operating company recording a seven-figure loss last year, new accounts show.
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- SUPPLY & WHOLESALE
Exports of core furniture categories including upholstery, beds and cabinets reached all-time high levels in 2022, breaking a record that had stood for the past four years.
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- RETAIL & DISTRIBUTION
The owner of London upholstery company The Sofa & Chair Co says the net effect of the company voluntary arrangement (CVA) agreed last September will be a £6.3 million reduction in liabilities.
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- RETAIL & DISTRIBUTION
A property company under the control of the owner of an oak furniture retailer that only last month completed an insolvent restructure has filed a notice of intent to appoint an administrator (NOI).
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- RETAIL & DISTRIBUTION
Household furniture price inflation continues to run in double-digit percentages but the rate eased to its lowest level in well over a year last month, according to new official data.
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- RETAIL & DISTRIBUTION
Homewares and furniture retailer Dunelm claimed market share in the second half of 2022 but saw profits fall as rising costs took their toll on the business.
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- REGIONAL
High demand and a new sales procedure helped one of the country's largest privately-owned furniture retailers to lift profits as revenue climbed to a seven-year high through 2021/22.
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- RETAIL & DISTRIBUTION
Vince Gunn, managing director of upholstered furniture brand Snug for the past two years, has been appointed chief executive at upmarket kitchen retailer Harvey Jones.
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- RETAIL & DISTRIBUTION
Fishpools has paid tribute to its chairman John Fishpool, the third generation of the family to run the highly-regarded independent furniture retailer, who has died aged 84.
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- RETAIL & DISTRIBUTION
The CEO of Tempur Sealy International says the bedding conglomerate will continue to look at acquisition opportunities, citing the takeover of Dreams as an example of when the stars eventually aligned after years of talks.
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- SUPPLY & WHOLESALE
U.K. furniture makers' turnover declined on an annual basis for the first time in almost two years in December as weak demand through the autumn impacted production at the end of the year.
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- RETAIL & DISTRIBUTION
Retail giant Next is looking to experienced furniture industry executives as it looks to lever the acquisition of the Made.com [Made] brand after its collapse last year.
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- RETAIL & DISTRIBUTION
Designer furniture, lighting and lifestyle retailer The Conran Shop has closed one of its iconic London stores and separately raised further equity funding from its owner.
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- RETAIL & DISTRIBUTION
An end to pandemic restrictions in Northern Ireland helped the retailer that operates Dreams and Sofatime branded stores there find big revenue growth last year, with adjusted profits also rising.
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- RETAIL & DISTRIBUTION
The majority of the shares in XDP, one of the go-to providers for U.K. retailers selling flatpack furniture kits and other small parcel deliveries, have passed to the next generation.
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- RETAIL & DISTRIBUTION
JYSK has fired up a new partnership with online logistics marketplace AnyVan designed to boost its customers' ability to get big-ticket items delivered to their homes in as little as 24 hours.
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- RETAIL & DISTRIBUTION
Frasers Group, owner of retailers House of Fraser and Sofa.com, paid £2 million in cash to rescue the business and assets of Amara Living after the embattled home and living brand had run out of alternative funding sources.
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- SUPPLY & WHOLESALE
Alan Sweeney has stepped down as Alfrank Designs CEO after almost 17 years to launch a new agency and sourcing business with one of Ireland's leading furniture buyers. He will continue to work with the dining and occasional furniture supplier on a part-time basis.
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- RETAIL & DISTRIBUTION
Prominent Irish retailer EZ Living Furniture is planning to build and open a state-of-the-art retail warehouse in arguably Northern Ireland's premier location for big-ticket home retailers.
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- SUPPLY & WHOLESALE
Restructuring advisors handling the insolvency of the U.K. arm of bedroom and dining resource Rowico say they are clearing inventory following their appointment last month.
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- RETAIL & DISTRIBUTION
Inexpensive Danish furniture retailer JYSK will open five stores in two days this month including a buildout of its U.K. footprint.
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- RETAIL & DISTRIBUTION
The owner of the West Elm and Pottery Barn Kids retail and wholesale brands said it expects to register lower U.K. sales as a result of business model and strategy adjustments here.
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- SUPPLY & WHOLESALE
The U.K. future of international bedroom and dining furniture resource Rowico is unclear after its wholly-owned business unit here was placed into the hands of restructuring advisors late last month.
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- RETAIL & DISTRIBUTION
National furniture retailer Barker & Stonehouse has shared images of its soon-to-be-finished Gateshead store ahead of its scheduled opening this spring.
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- RETAIL & DISTRIBUTION
HSL has appointed Venessa Hodgson as managing director designate following the departure of CEO Guy Critchlow, who has left after over six years with the furniture vertical.
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- RETAIL & DISTRIBUTION
The Very Group has launched hundreds of new home SKUs at entry-level prices as part of a wider expansion of its Everyday own brand collection originally introduced in the summer of last year.
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- RETAIL & DISTRIBUTION
A regional logistics company offering services including white-glove two-man furniture deliveries has been placed into the hands of restructuring advisors.
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- RETAIL & DISTRIBUTION
Building work is underway for a new purpose-built 1.17 million sqft distribution centre for The Range, the national home, garden and leisure retailer.
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- SUPPLY & WHOLESALE
Profits left in the company advanced again for Northern Ireland based dining furniture wholesaler World Furniture (NI) last year as the supplier continued to build value.
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- RETAIL & DISTRIBUTION
The number of mid-large sized furniture retailers operating in the U.K. dwindled last year as businesses either closed or reported lower turnover amid tougher trading conditions.
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Shareholders have given fresh backing to an online furniture search website that is fast becoming a key resource for shoppers who are in the product discovery phase.
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- SUPPLY & WHOLESALE
Decorative lighting supplier Searchlight Electric built stock levels and maintained healthy cash reserves on new borrowing last year against a difficult trading backdrop.
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- SUPPLY & WHOLESALE
Weaker-than-expected sales and higher costs impacted pro-rata trading profits at the trade and direct home shopping bedding, home textiles and soft furnishings supplier Rapport Home last year.
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- RETAIL & DISTRIBUTION
Kave Home, which launched into the U.K. market in 2021, has appointed a new generation to lead the company at the start of a year when the furniture and home décor brand hopes to add 60 new stores and galleries.
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Ecommerce furniture retailer Swoon Editions is free of secured debt after it discharged in full its obligations to an invoice finance provider that provided funding after a restructuring over three years ago.
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- RETAIL & DISTRIBUTION
The wholly-owned U.K. store network of high-end French furniture company Roche Bobois delivered faster revenue growth than any other of its major global markets last year.
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- SUPPLY & WHOLESALE
The principal U.K. arm of global office furniture manufacturing giant Herman Miller booked smaller profits here last year as higher staffing and material costs outweighed the impact of rising sales.
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- RETAIL & DISTRIBUTION
National beds and mattress retailer Bensons for Beds said it achieved high single-digit underlying sales growth in the final quarter of last year with post Boxing Day sales maintaining pre-Christmas momentum.
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- RETAIL & DISTRIBUTION
A South Wales based direct-to-consumer brand selling riser recline chairs, adjustable beds and other mobility aids online and from a regional store network has called in restructuring advisors and ceased trading.
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- RETAIL & DISTRIBUTION
Upholstery market leader DFS has appointed Gill Barr, a former senior John Lewis, Kingfisher and Cooperative Group official, as a non-executive director.
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- RETAIL & DISTRIBUTION
Dreams has appointed former DFS executive Emma Long as chief customer officer with the beds market leader also hiring its first ever head of people.
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- RETAIL & DISTRIBUTION
Furniture retailer The Cotswold Company has appointed a new chairman and chief marketing officer with the company also soon to expand its store footprint.
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- REGIONAL
A prominent South East furniture brand, which under a different structure a decade ago habitually generated sales north of £10 million a year, has deleveraged through 2021/22.
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- RETAIL & DISTRIBUTION
22nd store across the U.K. for national sofabed retailer.
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- SUPPLY & WHOLESALE
Contemporary housewares supplier Joseph Joseph Group booked record sales last year as its international business gained further traction.
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- RETAIL & DISTRIBUTION
More hard data showing how the furniture industry was lifted by a strong post-lockdown tailwind has arrived in the shape of orders processed through the central paying agent of the U.K.'s largest buying group in the sector.
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- RETAIL & DISTRIBUTION
Britain's biggest floorcoverings retailer has been told to amend its marketing claims by the advertising watchdog after a complaint by its largest rival in the sector.
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- SUPPLY & WHOLESALE
Factory gate furniture price inflation climbed at the end of last year though raw material and input cost data augurs more promisingly, with that rate falling to its shallowest level since the spring of 2021.
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- RETAIL & DISTRIBUTION
Charlie Harrison has become managing director of Furniture Village as part of a board reshaping that sees several internal promotions and company co-founder Peter Harrison become executive chairman.
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The restructuring of a formerly-profitable online furniture, home and garden boutique based in Cheshire leaves creditors facing a potential shortfall.
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- SUPPLY & WHOLESALE
Revenue climbed by more than a third at British homewares and lifestyle brand Sophie Allport ahead of it appointing a new CEO to elevate the business to another level.
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A working capital borrowing facility secured against key assets of furniture, home and garden retailer Cox & Cox has been settled.
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- SUPPLY & WHOLESALE
The reopening of the hospitality industry boosted textiles manufacturer and distributor Richard Haworth, one of the largest U.K. suppliers of filled bedding and soft furnishings to the sector.
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Ecommerce home platform Wayfair is laying off 1,750 employees in a move that cuts total headcount worldwide by about 10 percent. It said the move will accelerate its path to profitability.
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- REGIONAL
Cobham furniture retailer No44 Furniture & Fine Things has closed following a planned shutdown. Its owners intend to concentrate on other business interests closer to where they live.
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- SUPPLY & WHOLESALE
High value lighting, furniture and accents supplier Porta Romana booked adjusted profits of £4.1 million in the year to April 30, 2022 on all-time high revenue.
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- RETAIL & DISTRIBUTION
Anecdotal tales of improvement in late 2022 furniture sales were backed up with hard data on Friday as official figures put December numbers up sharply on an annual basis.
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- RETAIL & DISTRIBUTION
Two months of improving consumer sentiment towards high-value purchasing intent came to an end this month according to a closely-followed consumer confidence survey.
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