Beds, Mattresses and Bedding
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- RETAIL & DISTRIBUTION
Store sales halved for retail chain Mattressman in the year to end March but it still managed to find double-digit growth as its customers pivoted online. Profits climbed sharply.
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- RETAIL & DISTRIBUTION
The rebuild of Feather & Black's store footprint has gathered pace with two new showrooms opening this past weekend to double the size of the bedroom retailer's physical estate.
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- BEDS & MATTRESSES
The CEO of Tempur Sealy International's longtime Sealy Australia, Asia-Pacific and now U.K. joint venture partner is one of two new senior independent board members at the world's biggest bedding company.
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- SUPPLY & WHOLESALE
Moffett and Sons, the company behind the diversified upholstery, bed and cabinet manufacturer and wholesaler Balmoral Furniture, says it is on target to return to growth in 2021/22 after seeing sales and profits fall in the past year.
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- TRADE & INDUSTRY
SATRA, the research and testing organisation, has appointed Tristine Hargreaves to lead its furniture and flooring section as divisional manager. It also announced a new tie-up to provide services to the National Bed Federation (NBF).
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- BEDS & MATTRESSES
Wolf Components, the South Yorkshire pocket spring maker started three years ago by two former Leggett & Platt executives, almost doubled sales in the past year and says it is on target to deliver again in 2021/22.
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- MANUFACTURING
A lack of skilled workers has forced furniture production wages higher, according to the British Furniture Manufacturers (BFM), the industry trade association.
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- UPHOLSTERY
Upholstery and beds company HSL has strengthened its retail presence in the North West of England, with a new unit opening Thursday to the north of Manchester.
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- MANUFACTURING
Foam and industrials group Greiner is for now pressing ahead with plans to acquire what will remain of Recticel even though the Belgian company has agreed deals to dispose of two sizeable chunks of its business.
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- MANUFACTURING
The price of raw materials and inputs used in the production of furniture rose to another record level in November according to new figures from the Office for National Statistics (ONS).
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- BEDS & MATTRESSES
Foam and sprung mattress imports fell for the fourth straight month on an annual basis at the start of the final quarter of 2021, according to HM Revenue & Customs figures.
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- BEDS & MATTRESSES
Tempur Sealy International, the world's largest bedding company, has increased the authorisation under its share repurchase programme to a total of $1.5 billion (£1.14bn), it announced Monday.
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- BEDS & MATTRESSES
Buckinghamshire bed maker Hypnos says a three-month programme of recruitment and factory investments has helped boost mattress capacity by 50 percent as it looks to satisfy retailer demand for its goods.
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- RETAIL & DISTRIBUTION
Direct-to-consumer mattress and ancillary products company Eve Sleep said it managed to grow ecommerce revenue through November despite lapping difficult comparatives from last year.
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- BEDS & MATTRESSES
Retailer Mattress Online was last week named 2021 Large Business of the Year at the Sheffield Business Awards at a black tie event held in the South Yorkshire city.
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- SUPPLY & WHOLESALE
British furniture manufacturers' combined turnover rose on an annual basis for an eleventh month straight in October, but fell against pre-Covid levels.
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- RETAIL & DISTRIBUTION
Profits and cash climbed for the group behind adjustable beds and riser recline chair brand Willowbrook in 2020/21 ahead of its disposal to a venture capital and private equity group.
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- RETAIL & DISTRIBUTION
Bed retailer Dreams has appointed Jo Martin as chief marketing officer and promoted Kal Singh to chief operating officer. Both will report directly to Jonathan Hirst, who takes over as CEO from Mike Logue on January 1.
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- ECOMMERCE
The company behind the Slumber Slumber online beds and bedding business and prominent independent department stores in Northern Ireland and Wales found profit growth despite lower sales in the past year.
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- SUPPLY & WHOLESALE
Recticel has entered into a binding agreement to sell its Engineered Foam unit to Carpenter Company after shareholders yesterday backed the disposal of the division for €656 million.
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- RETAIL & DISTRIBUTION
Adjustable furniture and mobility products retailer CareCo has acquired a warehouse near Leeds that will support its showroom rollout as it builds a national presence.
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- BEDS & MATTRESSES
The rebuild and reconfiguration of the Bensons for Beds national store portfolio will gather pace with eight new and relocated stores to open by the end of this year and a further 35 units through 2022.
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- BEDS & MATTRESSES
Bed components company Spinks has appointed Emma Davidson as commercial director. Her duties include overseeing a just-launched distribution centre facility that will free up additional manufacturing capacity.
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- BEDS & MATTRESSES
Optimism is building among U.K. bed manufacturers as future sentiment regarding demand outweighs concerns over input costs and the availability of labour.
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- BEDS & MATTRESSES
Profits dropped by a third for West Yorkshire mattress manufacturer Dura Beds in 2019/20 on lower sales and rising costs.
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- BEDS & MATTRESSES
Airsprung Group was cash generative and boosted profitability in 2020/21 on the successful execution of a limited restructuring programme designed to "better align the needs of the business to the new reality."
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- BEDS & MATTRESSES
Mattress, components and bed fillings group Harrison Spinks says it is looking to hire 40 new workers in response to high demand for its products.
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- BEDS & MATTRESSES
Third-generation retailer Land of Beds has introduced a new marketing campaign, which it described as the most expensive advertising venture made by the business in its 50-year history.
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- ECOMMERCE
Mandated store closures gifted sales to ecommerce retailers through the early months of the pandemic but the momentum has slowed in 2021 as U.K. shoppers returned to brick-and-mortar retail environments.
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- TRADE & INDUSTRY
The achievements of leaders at emerging and established home furnishings businesses were recognised at the Great British Entrepreneur Awards, whose 2021 winners were announced Monday night.
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- BEDS & MATTRESSES
Tempur has launched a sofabed, a first for the high end bedding brand best known for its memory foam mattresses and pillows.
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- SUPPLY & WHOLESALE
Recticel has cranked up the pressure on shareholders to back the sale of its engineered foams business to Carpenter Co, saying the plan has the backing of independent advisory firms.
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- BEDS & MATTRESSES
A €370 million turnover upholstery and bed manufacturing group has agreed to buy Recticel's Bedding division, which makes finished mattresses and bed frames primarily sold into mainland European markets.
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- UPHOLSTERY
Upholstered furniture and beds retailer Willow and Hall ended a company voluntary arrangement (CVA) ahead of plan after creditors agreed to a revised repayment proposal.
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- BEDS & MATTRESSES
The value of foam and sprung mattress imports into the U.K. fell on a year-on-year basis for the third month in a row according to new HM Revenue & Customs figures.
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- BEDS & MATTRESSES
Casper Sleep, the direct-to-consumer brand that was at the vanguard of the bed-in-a-box movement, is to be taken private after it signed a definitive agreement to be acquired by Durational Capital Management.
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- BEDS & MATTRESSES
National retailer Bensons for Beds has opened a distribution hub in the North East that will provide home delivery to customers across large parts of the North of England.
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- BEDS & MATTRESSES
A West Midlands mattress and bed manufacturing company has been placed into liquidation leaving high six-figure debts but none to the supply chain.
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- BEDS & MATTRESSES
Harrison Spinks, the Leeds bed manufacturer and mattress components and fillings supplier, is partnering a building materials provider to use a by-product of one of its mattress fillings in construction and refurbishment projects.
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- SUPPLY & WHOLESALE
The value of furniture made in U.K. factories in September was over £27 million higher than any other month in history according to data released Thursday by the Office for National Statistics (ONS).
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