Retail News
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- RETAIL & DISTRIBUTION
National bed specialist Bensons for Beds says it has returned to profit at the EBIT line and outlined plans to maintain new-store opening momentum this year.
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- RETAIL & DISTRIBUTION
The value of furniture and lighting sales declined on both a one and two year basis in December according to data from the Office for National Statistics (ONS) as lower volumes outweighed the inflationary impact of higher prices.
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- UPHOLSTERY
Upholstery retail and wholesale brand The Lounge Co has opened a second standalone showroom in London as it looks to boost its business in the capital.
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- BEDS & MATTRESSES
Natural wool mattress and bedding company Woolroom has agreed a six-figure funding package as it looks to build a bigger international business after breakout profitable growth last year.
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- RETAIL & DISTRIBUTION
Dunelm Group, the out-of-town home and furniture retailer, has appointed payments expert Kelly Devine to its board as a non-executive director.
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- RETAIL & DISTRIBUTION
Home department store retailer Leekes will start clearing £5 million of furniture from its Llantrisant flagship on Thursday morning as it begins a multi-faceted refurbishment programme that will transform the South Wales store.
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Home and gift sales trended downwards in the final weeks of 2021 for ecommerce group N Brown, operator of brands including JD Williams and Home Essentials.
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- DEALS & FINANCE
More details on late 2021 buyout of remaining shares in upmarket interior design and furniture retail company.
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- BEDS & MATTRESSES
Eve Sleep says early 2022 trading is ahead of what were challenging comparatives as it targets a break-even position for its U.K. and Ireland business this year.
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- RETAIL & DISTRIBUTION
Consumer price inflation for furniture reached record levels for the fourth straight month in December according to figures released Wednesday morning by the Office for National Statistics (ONS).
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- RETAIL & DISTRIBUTION
Fast-expanding furniture chain NCF Living is to open its first store in Wales and its 14th nationwide as it looks to more than double revenue in its current financial year.
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- RETAIL & DISTRIBUTION
Bedding and linen retailer Julian Charles has opened a new concession at Tong Garden Centre in West Yorkshire, and says it is targeting up to ten in all over the next year.
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- BEDS & MATTRESSES
Shareholders at Simba Sleep have backed plans to balance purpose with profits as the direct-to-consumer and wholesale company looks to put its commitment to sustainability alongside financial reward.
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- UPHOLSTERY
Italian upholstered furniture conglomerate Natuzzi has appointed Giuseppe Cacciapaglia as replacement for Vittorio Notarpietro pending a search for a new permanent chief financial officer.
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- LEGAL & RESTRUCTURING
The future of garden, outdoor leisure, lighting and home ecommerce brand True Shopping (trueshopping.co.uk) is uncertain after restructuring advisors were drafted in to run its operating company.
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- BEDS & MATTRESSES
Strong post-lockdown demand and unwinding its large order backlog last year put Tempur U.K. on track to recover sales lost to the early months of the pandemic.
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- RETAIL & DISTRIBUTION
The business unit encompassing furniture delivered growth on both a one and two-year basis in the 13 weeks to January 1, retail giant Marks and Spencer Group (M&S) said Thursday.
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- RETAIL & DISTRIBUTION
Home goods retailer Dunelm said furniture was a standout category in the three months to Christmas as it enjoyed the first benefits of its soon-to-be fully-operational new furniture distribution hub.
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- DEALS & FINANCE
Nobia, the kitchen manufacturing and retail conglomerate and owner of British kitchen chain Magnet, has agreed to buy Superfront, a Sweden-based direct-to-consumer business that already sells to U.K. buyers.
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- RETAIL & DISTRIBUTION
An increased participation of Habitat-branded products and deliberately fewer promotions helped Argos find margin expansion in pre-and-post Christmas trading, according to parent company J Sainsbury, the grocery and general merchandise retailer.
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- RETAIL & DISTRIBUTION
Sales jumped by more than a quarter for furniture and design retailer Heal's in the year to September 2021 despite long periods of enforced store closures. It also enjoyed a big turnaround in profitability.
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- UPHOLSTERY
Upholstery group DFS has named the new managing director for its Sofology retail chain, succeeding the brand's CEO Sally Hopson, who left after retiring last year.
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Lapping pandemic-driven peaks meant home sales fell for digital retailer The Very Group, owner of the Very.co.uk and Littlewoods brands, in the period taking in Black Friday through to Christmas Eve.
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- RETAIL & DISTRIBUTION
Pandemic restrictions meant sales almost halved for three-store beds and department store retailer Daniel of Windsor in 2020/21, ahead of it resolving to buy out two shareholders.
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- RETAIL & DISTRIBUTION
Retailers will need to be agile and resilient to fight demand challenges prompted by rising living costs, according to the head of the British Retail Consortium (BRC), the industry trade body and lobby group.
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- BEDS & MATTRESSES
The National Bed Federation (NBF) is calling on bed manufacturers and retailers to support its annual National Bed Month awareness campaign, and is providing a range of multi-media tools to enable them to do so.
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- RETAIL & DISTRIBUTION
The group behind the Selfridges, De Bijenkorf, Brown Thomas and Arnotts retail brands recorded a nine-figure deficit as multi-territory mandatory store closures clipped its ability to trade last year.
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Consumers pivoting online helped the ecommerce company behind the Not On The High Street home and gift retail brand deliver a big turnaround in profits in the year that saw a controlling stake sold to U.S. investment firm Great Hill Partners.
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- RETAIL & DISTRIBUTION
Upholstery, cabinet and accessories ecommerce retailer Furniture Box has agreed to occupy a large build-to-suit warehouse facility as it looks to build on rapid growth achieved through the pandemic.
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- RETAIL & DISTRIBUTION
The U.K. arm of Dunnes Stores, the Ireland headquartered food, fashion and furnishings retailer, generated positive cashflow despite recording an £8.1 million net accounting loss in its just-reported financial year.
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- RETAIL & DISTRIBUTION
Fashion-to-furniture retailer Next has upgraded profit expectations for the fifth time in the past year after strong pre-Christmas trading, but cautioned that continued buoyancy for discretionary spend is uncertain.
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- RETAIL & DISTRIBUTION
Furniture retailer Made.com Group (MADE) says self-help measures instigated in the second half of last year will soon result in shorter lead times against a backdrop of industry-wide supply chain issues.
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The company behind the Furniture and Choice ecommerce furniture retail brand saw revenue more than double during the height of the pandemic. Margins widened and profits also rose sharply.
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- TRADE & INDUSTRY
Furniture, flooring and furnishings insolvencies jumped both sequentially and on an annual basis in the final quarter as state support measures such as the furlough scheme were brought to an end.
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- DEALS & FINANCE
Pan-European ecommerce-led furniture retailer Home24 has agreed to buy direct-to-consumer home accessories chain Butlers in a move that diversifies its product offer and expands its physical store footprint.
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- RETAIL & DISTRIBUTION
Barker and Stonehouse, the North East headquartered independent furniture retailer, booked higher profits in 2020/21 ahead of investment in logistics, technology and its store network.
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- FLOORCOVERINGS
North West retailer and contractor Mears Flooring maintained a double-digit net margin in 2020/21 despite the first lockdown clipping both its top and bottom lines.
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- RETAIL & DISTRIBUTION
Courier company DX Group has added two new warehouses for its DX Freight division, which specialises in both one and two person deliveries of larger goods such as furniture and beds.
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- FLOORCOVERINGS
A distributor of underlay and other carpet and flooring accessories has suffered a serious fire at its premises in Tiverton, Devon.
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- REGIONAL
Family-owned retailer Cousins booked a large increase in sales and profits in the period after it acquired flagship assets of the now-defunct Alan Ward furniture business.
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