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The proposed takeover of the comfort foam business of Recticel by its industry peer Carpenter raised eyebrows across many U.K. furniture industry boardrooms, right across the supply chain from manufacturers to retailers.
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- RETAIL & DISTRIBUTION
Cult Furniture, the circa £14 million turnover ecommerce furniture retailer, has appointed delivery specialist Panther Logistics as its sole two-person delivery partner.
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Total sales including those of concessions fell starkly amid the worst of the pandemic for independent retail group Morleys, which runs multiple London and South East stores including Elys of Wimbledon.
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Shifting consumer spending patterns towards home goods helped retail chain Homesense partly negate the mandated closure of its 76-store estate through almost half of the 2020/21 trading period.
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The collapse of a 150-year-old Oxfordshire furniture manufacturer earlier this summer leaves secured and unsecured creditors facing a sizeable shortfall.
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Inflation figures released Wednesday made for grim reading. Consumers are paying over 10 percent more to buy furniture than they were this time last year, while manufacturers' input costs are increasing at twice that level.
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Timothy Oulton group products will be available from three stores abreast on London's principal furniture shopping street by the end of the year as the upmarket brand expands its presence in the capital.
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The value of furniture and lighting sales declined on both a one and two year basis last month according to figures out Friday morning from the Office for National Statistics.
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Beds and mattress vertical Bensons for Beds has recruited an experienced retail executive as successor to chief operating officer Joe Wykes, who left the business earlier this year.
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Consumer price inflation for furniture reached double-digit levels for the first time on public record while manufacturers are continuing to grapple with upstream supply chain price pressures.
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Demand through 2021 has put luxury furnishing fabrics, wallpapers and accessories supplier Romo back on track to recover sales lost through the pandemic, the company said in just-filed accounts.
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New group managing director for CT Baker, whose retail interests include the Bakers & Larners department store in Holt.
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A major restructuring plan initiated through the pandemic will leave the U.K. arm of designer lighting company Artemide leaner and in better shape to seize future market opportunities, the company has said.
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Big-ticket home categories were outsized growth drivers in 2020/21 for The Very Group, operator of the Very.co.uk ecommerce business and the legacy Littlewoods home shopping brand.
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Departure ends "four successful years" at the designer furniture retailer.
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Ecommerce helped the U.K. home furnishings arm of retail giant Zara find top line growth last year and negate the long time closure of its 11 dedicated home stores.
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- RETAIL & DISTRIBUTION
Tenants of one of Britain's biggest retail landlords can put aside any lingering hopes they may have had for further rent concessions or waivers after comments made Wednesday morning.
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Profits more than doubled at home department store retailer Leekes in 2020/21 and have made further double-digit gains since as revenue recovers.
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Bensons for Beds is looking to hire about 180 people across its nationwide retail, distribution and manufacturing network while its new store rollout continues this week with an opening in a former Laura Ashley unit.
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National retailer Furniture Village will officially open the doors to its new store at Sheffield this weekend, returning its estate to 54 branches across England.
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The effects of late summer Covid-related factory shutdowns in Vietnam are yet to show in official data. Instead, they reveal the impact of huge living, dining and bedroom cabinet orders placed before those plants were mothballed.
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Internet furniture and homeware retailer Cox & Cox has launched its first ever television advertising campaign against a backdrop of record financial performance for the ecommerce business.
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Shareholders in furniture wholesaler Julian Bowen have sold a qualified majority stake to Storskogen, a Swedish investment group that backs dozens of small and medium sized enterprises.
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Carpetright, Britain's largest flooring retailer, has made its expert product knowledge the defining message of a new marketing campaign called No one knows more about floors.
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The new owner of Carpet & Flooring (C&F) settled all outstanding debt as part of the buyout of the 11-depot floorcoverings distributor earlier this year.
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- RETAIL & DISTRIBUTION
The company behind the Sofatime chain of upholstery stores and Dreams bed shops in Northern Ireland posted higher profits as it managed to maintain sales through 2020/21.
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- RETAIL & DISTRIBUTION
Dreams last night launched its first new brand campaign since the introduction of its paradigm-shifting Replace Every 8 crusade as the bed specialist looks to build on a seventh straight growth in profits.
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Furniture and homeware retailer Dunelm Group continued to find year-on-year sales growth in the 13 weeks to September 25 despite lapping strong comparatives from last year.
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Profits climbed at Danish furniture designer, wholesaler and distributor Actona Group in 2020/21 as it enjoyed a revenue boost from ecommerce channels.
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British furniture manufacturers' combined turnover rose by a quarter against strong comparatives at the height of summer as the industry battled to meet surging demand.
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Primark, one of the U.K.'s largest apparel retailers, has launched a capsule collection of inexpensive furniture products in response to elevated consumer interest in home goods.
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Home, gift and furniture wholesaler SIL generated cash and returned to profit last year as lower costs negated the impact of a fall in turnover.
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- RETAIL & DISTRIBUTION
Internet and catalogue retailer N Brown has kickstarted a brand building campaign for its fast-emerging Home Essentials business as it looks to capitalise on sales trebling over the past six months.
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Retail giant IKEA plans to shift production of some goods from the Far East to Turkey in order to counter the impact of rising container costs, according to a company official.
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The principal U.K. arms of Carpenter and Vita, two of the big three comfort foam suppliers to Britain's bed and sofa manufacturing sectors, saw output and earnings fall amid the early months of the pandemic.
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- RETAIL & DISTRIBUTION
Experienced furniture industry executive Emma Rackley has been appointed director of furniture and home at Associated Independent Stores (AIS). She is taking over from Julian Cox, who leaves at the end of the year.
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Direct-to-consumer brand Swyft Home is to launch into the non-upholstered living room furniture category with its first cabinet products.
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International furniture company Roche Bobois has announced the death of François Roche, its co-founder, on October 6. He was 85 years old.
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Bensons for Beds returns to Farnborough on Friday with the opening of a 5,400sqft store to replace the nearby unit it previously shared with Harveys.
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- RETAIL & DISTRIBUTION
Britain's biggest hardwood furniture retailer Oak Furnitureland generated cash and was profitable before one-time items in its first period since the business was restructured following a prepack buyout last June.
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RH, the luxury furniture and home goods retailer formerly known as Restoration Hardware, has revealed nine-figure London lease commitments in new filings with the U.K. registrar.
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Floorcoverings supply giant Headlam is on the hunt for a new chief executive after it announced the departure of Steve Wilson after 30 years with the company.
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The former Oldrids department store in Boston, which closed last year after 216 years, has reopened under a new fascia and with a different owner.
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Interiors brand Morris & Co. will deepen ties with general merchandise fashion-to-furnishings retailer Next with an expanded licensing agreement, parent company Sanderson Design Group (SDG) announced Thursday morning.
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A recapitalisation by the backers of high-end interiors lifestyle brand OKA Direct last year eliminated a balance sheet deficit and cut borrowings by £24.7 million.
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Seven-figure exceptional costs impacted profits at diversified furniture, mattress and home accessories designer, manufacturer and distributor Gallery Direct last year.
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North West home textiles group Turner Bianca booked lower profits in 2020/21 as rising costs and narrower margins countered the impact of higher sales.
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The previously-signposted addition of second and third showrooms in the U.S. will further boost the international aspirations of British furniture and lifestyle retailer OKA after a big jump in online demand last year.
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Adjusted profits were up by half at ScS through 2020/21 as the upholstery and flooring retailer began unwinding its big order book resulting in a leap in delivered sales.
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The md of furniture importer and distributor Bentley Designs says the business continues to keep a very tight rein on costs in the face of unprecedented supply side and shipping inflationary pressures.
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The opening of a new East Midlands showroom has taken the footprint of emerging floorcoverings retailer Flooring Superstore to 40 stores nationwide.
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Ireland and U.K. furniture wholesaler VIDA Living has appointed Karl Bickerstaffe as area sales manager with responsibility for northern England and north Wales.
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- RETAIL & DISTRIBUTION
Management actions buttressed liquidity and profits at national furniture retailer HSL in 2020 as its customer base was impacted by Covid-19 to a greater extent than other demographics.
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Accounts for Dreams will show a bigger jump in profits than that originally signposted by Tempur Sealy International when the world's largest bedding company announced it was buying the national bed specialist earlier this year.
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Revenue climbed for soft furnishings supplier Ashley Wilde Group last year as its customer base ramped up activity in the aftermath of the first lockdown.
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Home and garden retail giant IKEA is exploring expanding its retail footprint in Ireland, with its first new store in the country since 2016.
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Belfield Group's upholstery businesses were more impacted by lockdown periods last year as its just-divested mattress unit delivered higher revenue amid the backdrop of the pandemic.
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- RETAIL & DISTRIBUTION
Fast-expanding outdoor furniture retailer Moda has agreed a £17 million funding package with Secure Trust Bank as the Manchester company looks to capitalise on high demand for alfresco living.
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The group behind the Adjustamatic brand returned to profit and generated cash last year as lower costs helped mitigate the impact of a decline in delivered sales.
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- RETAIL & DISTRIBUTION
Furniture and bedding are among the categories being targeted by Next as the general merchandise retailer looks to builds a bigger licensing business.
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- RETAIL & DISTRIBUTION
International supply chains are steadily improving according to general merchandise retailer Next, one of the U.K.'s largest retailers of furniture, but it said big-ticket goods were the categories most impacted by a rise in shipping costs.
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- RETAIL & DISTRIBUTION
Department store retailer Fenwick more than doubled the value of its revolving credit facility and separately raised millions from the sale of property as it boosted liquidity headroom amid the pandemic.
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- RETAIL & DISTRIBUTION
Robbie Feather, the former CEO at Fenwick and co-founder of bedroom retailer Feather & Black, is joining The Very Group as retail managing director and executive board member.
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- RETAIL & DISTRIBUTION
Market leader DFS is expanding the number of upholstery ranges it carries in its stores, paving a path for it to onboard new suppliers to the sofa chain.
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Furniture manufacturing activity in Vietnam is expected to increase after the Government signalled its intent to ease restrictions amid an intention to move away from its zero-Covid strategy.
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Fast-emerging flooring distributor Likewise Group is planning to pay dividends to shareholders for the first time as it looks to build on a profitability milestone achieved in the first half of 2021.
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National retailer Bensons for Beds will return to Huddersfield this weekend, with a two-storey unit on the Leeds Road Retail Park in the West Yorkshire town.
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High end interior design and furnishings distributor Sanderson Design Group has appointed Mike Woodcock as its chief financial officer, replacing Michael Williamson who leaves next month.
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Fabb Furniture, the retailer formerly known as AHF, will add a new Hampshire store before Christmas with the business also closing in on the completion of its rebranding programme.
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Midlands based ecommerce dining furniture retailer achieves net margin north of 20 percent.
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A rosier outlook for flooring conglomerate Victoria has prompted S&P Global Ratings to reaffirm its BB rating in a move that may boost bond investor confidence.
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Wallcoverings and home accents supplier Graham & Brown enjoyed a big jump in profits as customers "rediscovered their homes" last year, investing in and re-inventing the environments they live in.
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- RETAIL & DISTRIBUTION
All parts of the Cookes Furniture group business have enjoyed growth in the past six months with md James Pike saying a major focus for the second half will be on order fulfilment after consistent high demand.
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Sofa Workshop by Timothy Oulton has been granted planning permission to remodel the interior of the listed former Lombok furniture store in central London.
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First half profits recovered for high-end French furniture company Roche Bobois with its U.K. arm a positive force after a strong reopening.
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- RETAIL & DISTRIBUTION
Consumer confidence has weakened in September across every available measure according to a closely-followed poll, as people weigh the impact of potential rises in the cost of living.
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The CEO of DFS says pushing further into the online bed market is the early focus of a wider plan to diversify the group's revenue base beyond the upholstery category.
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- RETAIL & DISTRIBUTION
Rising freight rates have prompted independent retailers to switch buying strategies according to DFS, which has been shielded from the effects thanks to the structural advantage of scale.
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Profits declined at Oliver Bonas through 2020 with the furniture and lifestyle retailer describing the pandemic-impacted year as like no other before it.
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VIDA Living, the Ireland and U.K. furniture importer and distributor, has recruited Victoria Bellerby to the role of senior business development director.
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- RETAIL & DISTRIBUTION
DFS returned a high single-digit net margin in 2020/21 as it reversed a prior-year deficit that had been negatively impacted by the first Covid-lockdown.
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- RETAIL & DISTRIBUTION
Industry trade association The National Bed Federation (NBF) last night named its Bed Retailers of the Year across the National, Online and Retail Champion categories.
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RH, the luxury U.S. furniture and interiors retailer formerly known as Restoration Hardware, has paid off the deferred consideration for the Oxfordshire building that will become home to its debut U.K. gallery.
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Antitrust regulators in France have escalated an inquiry into the acquisition of furniture and electricals retailer Conforama by The Mobilux Group, a multi-banner home furnishings collective with U.S. investor backing.
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Half-year sales jumped by close to a third at home improvement giant B&Q in the six months to July 31 with big-ticket categories among its top performing lines.
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Furniture and accessories retailer Swoon has filed its first accounts since the assets of the brand's predecessor company were sold in a prepack buyout.
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Privately-owned retailer Land of Beds has joined the Furniture & Home Improvement Ombudsman (FHIO), describing it as an investment in consumer protection and evidence of its responsible business practices.
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U.K. furniture retailers continued to make gains in August, with total revenue beating both last year's total and the pre-pandemic figure from the summer of 2019.
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Wider gross margin and lower administrative costs negated the impact of lower revenue for furniture wholesaler Annaghmore Agencies in the year to December 31, 2020. Cashflow was strongly positive.
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Consumer demand tailwinds and new stores helped power sales growth in the U.K. and Ireland for Danish furniture and homeware retailer JYSK in the past year.
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Furniture and furnishings retailer Liberty Furnishings has begun a closing down sale at its Newtown store ahead of plans to trade with an adjusted business model in the future.
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Sanderson Design Group, the high-end interior design and furnishings manufacturer and distributor, is to launch a Morris & Co brand extension targeting international markets.
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- RETAIL & DISTRIBUTION
Privately-owned furniture retailer Lee Longlands says it will reinvest funds from the redevelopment of the car park behind its Birmingham showroom if plans to build on the site are given the go-ahead.
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Department store retailer John Lewis & Partners found home sales growth on both a one and two year basis in the six months to July 31 but continued to see customers migrate to online channels.
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Furniture designer and distributor Actona Company is now Actona Group as part of a corporate rebrand designed to better reflect its international operations.
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- REGIONAL
Six-store independent retailer HomePlus Furniture has agreed a 15-year lease on the former Marks & Spencer store in the centre of Ashford, Kent.
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National retailer Furniture Village has partnered with The Sleep Charity to launch The National Sleep Helpline, which they described as the U.K.'s first dedicated helpline for people who struggle to sleep.
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The cost of making furniture in the U.K. climbed again last month with producers warning the brewing labour crisis will add further increases that will have to be passed on to retailers.
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Privately-owned department and furniture store retailer W.P. Brown says it will launch a debut online platform for the first time saying it is vital to take an omnichannel approach to the new modern retail environment.
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Smooth floorcoverings vendor Unilin Distribution acquired Salesmark earlier this summer.
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Dan-Form, the Danish dining furniture manufacturer known for its bentwood chairs, plans to consolidate distribution with the build of a new warehouse.
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- RETAIL & DISTRIBUTION
National retailer Bensons for Beds will return to Andover this weekend with the opening of a new store at the Enham Arch Retail Park on Newbury Road.
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Designer furniture and homeware retailer Heal's has added a second new showroom inside a month with a new Outlet store in the South East of England.
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The CEO and president of JYSK is to be promoted to a newly-created role by the Danish retailer's parent company in a move that frees him up to focus on group acquisitions and development.
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- RETAIL & DISTRIBUTION
Furniture retailer Made.com Group (MADE) ended the first half with an outsized order book as high demand combined with extended lead times. Foreign exchange and freight cost inflation narrowed margins.
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Sofa and carpets retailer ScS has partnered interior designer and TV star Laurence Llewelyn Bowen, introducing a new upholstery programme across its stores and online.
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Local planning officials have reaffirmed approval for a Designer Outlet in Grantham incorporating a new Downtown at Home store, almost four years since plans were first submitted.
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Record levels of furniture are being despatched out of British factories but nowhere near enough to satisfy demand and bring lead times down to historical norms.
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When the Prime Minister announced the first lockdown back in March last year the fear across the British furniture industry was palpable. Thick red lines were drawn through expense budgets and manufacturers up and down the country prepared for an unwanted game of who could hold their breath for longest.
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Furniture brand Timothy Oulton will grow its retail footprint in central London after agreeing a lease in the neighbourhood bridging the city's financial and creative communities.
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Wincanton, the fulfilment partner to brands including IKEA, Loaf and Snug, has acquired logistics company Cygnia from private equity in a deal worth £23.9 million. It has also hired a new md for its Digital and eFulfilment business division.
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The U.K. might in time become a billion dollar market for RH, the luxury furniture retailer formerly known as Restoration Hardware, but its CEO has put a more conservative range on its first-year potential.
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IKEA will make its biggest financial and strategic investment in British city centres yet with the acquisition of the long leasehold to the building housing the former Topshop flagship store in central London, according to reports.
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Strong sales of general merchandise products have negated the need to discount and will result in better-than-expected profits according to value variety retailer B&M.
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- INTERNATIONAL
BoConcept said the international nature of its franchisee-network has helped shield the modern furniture company from the impact of Covid, with it looking to continue to expand its retail footprint in the next year.
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An online furniture marketplace that filed for insolvency last month has no realisable assets and will leave creditors facing combined debts north of £600,000, according to a new report.
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Retail and commission revenue declined in 2020 for the U.K. arm of Poltrona Frau, the U.S.-owned Italian designer furniture company.
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- RETAIL & DISTRIBUTION
Dunelm said upholstery is among the developing categories it wants extend further into as part of plans to grow its current 1.3 percent share of the furniture market.
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- RETAIL & DISTRIBUTION
Dunelm posted bumper double-digit top and bottom line growth in the year to June 26 despite its vast U.K. store portfolio being closed for more than a third of the year.
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The early stages of the pandemic failed to make significant dents in rental returns for the owner of the Design Centre at Chelsea Harbour, home to dozens of high-end third-party furniture and interiors showrooms.
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- RETAIL & DISTRIBUTION
National bed specialist Bensons for Beds will this weekend open a new store in Sheffield, maintaining its presence on the Drakehouse Retail Park.
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Sleep Solutions is now the operator of direct-to-consumer pillow brand Kally Sleep in addition to online rug and homewares marketplace Woven after a deal announced early September.
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The companies behind the home shopping brands Freemans and Grattan have seen a big shift to homewares since the pandemic started, citing changing customer needs amid extensive lockdown periods.
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- RETAIL & DISTRIBUTION
Buoyant demand for furniture and home furnishings couldn't prevent store numbers declining in the first six months of this year as retailers closed more shops than they opened.
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- RETAIL & DISTRIBUTION
Sussex Beds has just pulled up the shutters on its twelfth store but has no plans to stop there. A thirteenth will open before the end of 2021, its third new shop this year.
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- SUPPLY & WHOLESALE
Chris Box has been appointed group manufacturing director at Gallery Direct, the diversified furniture, mattress and home accents designer, producer and distributor.
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A U.K. based ecommerce marketplace selling a wide variety of furniture and home décor that has had new backing since the spring has now been placed into liquidation.
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- RETAIL & DISTRIBUTION
Department store retailer John Lewis & Partners has revisited a dedicated popup concept for its new Anyday range, seeking to raise the profile of the keenly-priced furniture and homeware programme.
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- RETAIL & DISTRIBUTION
Swedish fashion retail conglomerate H&M Group is expanding the U.K. footprint of its H&M Home banner, bringing the category to shoppers in its easternmost location to date.
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Sleep Solutions, the company behind U.K. direct-to-consumer pillow specialist Kally Sleep, has acquired Woven Rugs, an online rug and homewares marketplace trading as Woven.
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Ecommerce giant Wayfair has named a former senior executive at Amazon Germany as successor to Martin Reiter, who has left the home and garden retailer after nearly eight years running its European operations.
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Sanderson Design Group is to introduce a new direct-to-consumer (DTC) brand that will include a furniture element among its offer. It will have its own dedicated ecommerce website and sell additionally through Selfridges, the department store retailer.
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- RETAIL & DISTRIBUTION
Harvey Norman, the Australian furniture and electricals retailer, has outlined plans to build a bigger business in Europe including entering its fifth market here and expanding further in Ireland.
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Bedding and upholstery components distributor Handy has acquired the non-zip related assets and sales of fellow supplier Aero Zip, further expanding a product roster already numbering over 1,500 items.
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- RETAIL & DISTRIBUTION
Harvey Norman’s two-store Northern Ireland business delivered a first-ever full year profit in 2020/21 while its much-larger Ireland operation also flourished despite Covid shutdowns.
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British furniture manufacturers are increasingly bullish according to a new poll but have concerns over the availability of labour, which is threatening to further delay the production and delivery of goods.
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- SUPPLY & WHOLESALE
Foam conglomerate Recticel reported double-digit revenue and profit growth from the business unit supplying U.K. mattress and sofa manufacturers in the first half of this year.
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- RETAIL & DISTRIBUTION
The Cotswold Company has promoted Lynsey Dorman to the role of art director with a brief to oversee the furniture retailer’s brand position and purpose.
- Details
- RETAIL & DISTRIBUTION
Bensons for Beds will this week strengthen in north London with the opening of a new concept store near a unit it formerly shared with Harveys.
- Details
- RETAIL & DISTRIBUTION
Designer furniture and homeware retailer Heal’s will augment its brick-and-mortar footprint in the North this week after taking a space in a landmark department store.
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Ecommerce retailer U.K. Flooring Direct combined positive operating cashflow with new debt and equity funding in 2019/20 to boost its future growth prospects.
- Details
- RETAIL & DISTRIBUTION
Home and garden retail giant IKEA is said to have reached an agreement to pre-let a 450,000sqft new-build logistics facility in the South East of England.
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- INTERNATIONAL
Design retailer The Conran Shop has opened its first store since the business was sold to new investors early last year with a launch in the Far East.
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Sanderson Design Group will advertise on television for the first time ever with its Harlequin brand to use the medium for the consumer launch of its new Own the Room campaign.
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- SUPPLY & WHOLESALE
Restructuring advisors are targeting the sale of the business and assets of Whiteleaf Furniture after the manufacturer was placed into administration earlier this month.
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- RETAIL & DISTRIBUTION
Northern Ireland based retailer S.D. Kells grew profits in 2020/21 despite the pandemic ending hopes of it achieving ten straight years of top line growth.
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- SUPPLY & WHOLESALE
The group behind home and giftware wholesaler Lesser & Pavey increased profits in 2020/21 as it found top line growth amid a turbulent trading backdrop.
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- REGIONAL
The recapitalised Lee Longlands group bounced back strongly from the impact of the initial spring lockdown to put it firmly back in profit through the 2020/21 trading period.
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- SUPPLY & WHOLESALE
Furniture, beds and home accents supplier Gallery Direct is to open a large distribution centre near Chesterfield early next year.
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- SUPPLY & WHOLESALE
A "perfect storm" of high demand and supply chain delays could lead to never before seen cut-off dates for pre-Christmas furniture deliveries, according to the md of BFM, the trade association for British Furniture Manufacturers.
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