Beds, Mattresses and Bedding
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Imports of foam and sprung mattresses climbed in May, new figures show.
An upshift in the value of mattresses arriving from Denmark, home to Tempur's European manufacturing unit, helped power imports to their biggest growth since December last year.
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- RETAIL & DISTRIBUTION
Bensons maintained sales, but orders were down at Harveys.
Bensons for Beds continued to outgun its sister retailer Harveys as the U.K. household goods division of Steinhoff International Holdings narrowed losses in the six months to end March.
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Profits climbed at West Midlands motion furniture manufacturer Furmanac in 2017–18 after margin improvement from taking its fleet inhouse and a tax credit countered the impact of lower sales.
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- BEDS & MATTRESSES
Baring its teeth: The NBF has been randomly purchasing and testing mattresses to expose and root out bad practice. This mattress didn't contain the advertised fillings.
16 of 49 mattresses, beds and headboards bought randomly and tested by the National Bed Federation (NBF) either failed flammability checks, or were borderline failures. Some didn't contain the fillings advertised.
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- BEDS & MATTRESSES
The Spinks Springs factory in Leeds.
The components arm of the Harrison Spinks mattress and bed technology group says its new spring system could redefine the beds sector in the same way bonnell springs and memory foam did years before.
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Lieven Vandendriessche has been appointed CEO of Latexco Group, the family of Luc and Carole Maes and the board of directors have announced.
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Follows transfer of stocks hitherto controlled by high-profile investment manager Neil Woodford.
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- TRADE & INDUSTRY
BFM drills down into the issues affecting furniture manufacturers.
One in four furniture manufacturers have made redundancies and nearly one sixth introduced short-term working as producers grapple with some of the most challenging trading conditions in years, according to a survey by BFM.
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- DATA & RESEARCH
Mattress production climbed though the overall bed market was impacted by divan production.
British furniture manufacturers' collective output declined last year with cabinet furniture producers and sofa makers among those seeing the biggest falls, new figures for 2018 reveal.
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- BEDS & MATTRESSES
The Three Sixty bed by Savoir has just gone into Harrods. The model pictured retails for £330,000.
Savoir, whose beds retail for an average of about £25,000 each, posted record sales and a high single-digit net margin in 2018 after it consolidated its presence in key international markets.
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- BEDS & MATTRESSES
R.A. Irwin & Company, which produces mattress ticking and window blind fabrics, recorded a bigger loss in 2017–18 but maintained sales and boosted cash.
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- BEDS & MATTRESSES
Dreams has been owned by Sun Capital since 2013.
Sun Capital, the private equity company that owns Dreams, collected an eight-figure dividend last year after the debt-free national bed specialist generated more cash than it had in the previous year.
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- RETAIL & DISTRIBUTION
The majority if not all of Steinhoff's U.K. corporate entities have shortened their 2017–18 financial year by a day, meaning accounts for the period are now not due for another three months.
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Board change for owner of Britain's biggest beds manufacturer.
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Matratzen Concord faces "liquidity constraints."
Dutch bedding group Beter Bed Holding says it will consider offers for the Matratzen Concord retail chain, its largest individual business unit operating hundreds of stores across several European markets.
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Carpetright sells beds in nearly 200 stores, making it one of the biggest sellers of mattresses in the U.K.
Bed sales dropped more than a quarter as the category proved troublesome for the recovering Carpetright retail chain in 2018–19.
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- FLOORCOVERINGS
The downsizing at floorcoverings chain Carpetright hasn't diminished its market leadership says the retailer's CEO as the company disclosed full year 2018–19 results.
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- DATA & RESEARCH
Retailers shifted more upholstery in May.
Higher upholstery sales led the way as furniture retailers enjoyed year-on-year growth in May.
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New role for former Silentnight and Harrison Spinks executive.
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Dreams was bought by Sun European in 2013.
Bed specialist Dreams says sales and profits advanced again despite a difficult U.K. retail backdrop last year, a fifth straight improvement since it was bought by private equity company Sun Capital Partners in 2013.
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Steinhoff owns both the Harveys and Bensons for Beds businesses.
Customer confidence in the Bensons for Beds and Harveys retail chains was negatively impacted by the noise surrounding their owner, parent company Steinhoff said last night.
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- RETAIL & DISTRIBUTION
Losses at Steinhoff's U.K. household goods division deepened in 2017–18, the period that took in the disclosure of accounting irregularities at its parent company.
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- BEDS & MATTRESSES
Tempur Sealy products will go back into 2,500 Mattress Firm stores during the final quarter of 2019.
Tempur Sealy International, the world's biggest bedding producer, says it has agreed a new supply agreement with Mattress Firm, the Steinhoff-owned retail giant, in a move that reverses the high-profile split between the parties two years ago.
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