Retail News
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- UPHOLSTERY
Upholstery brand Zofa has followed its ecommerce launch earlier this year with the introduction of a flagship showroom in the North of England.
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- RETAIL & DISTRIBUTION
The owner of The Conran Shop has taken his total investment in the designer furniture, home, lifestyle and giftware retailer to almost £20 million after a new equity issue.
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- RETAIL & DISTRIBUTION
An expanding furniture retailer that launched during the pandemic is to open its debut store in the North of England after a breakout year in which it recorded its first profits.
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- RETAIL & DISTRIBUTION
Gillies booked record sales and strong profits last year with md Ian Philp saying the furniture retailer is in a good position going into a more challenging trading backdrop.
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- RETAIL & DISTRIBUTION
ScS has added two new Snug concessions to its store network as it continues to build out the retail footprint of the brand it acquired at the turn of the year.
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- REGIONAL
East of England retailer Mattressman is said to be closing its Chelmsford store, one of two the privately-owned bed company currently operates in Essex.
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- ECOMMERCE
East Midlands retailer My Furniture built cash and reduced both stock levels and bank debt in a stronger 2022/23 trading period for the ecommerce-led company.
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- BEDS & MATTRESSES
Silentnight has embarked on a new marketing campaign to promote its quick-ship Just Sleep programme including television advertising and the unveiling of a mattress vending machine in a London train station.
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- RETAIL & DISTRIBUTION
A private launch party will next week herald the arrival of RH, the luxury furniture retailer formerly known as Restoration Hardware, for the first time — five and a half years after The Furnishing Report first revealed its plans to launch into the U.K. market.
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- ECOMMERCE
Ecommerce retail giant The Very Group said home demand moderated in the latest quarter despite gains in selected categories including beds.
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- RETAIL & DISTRIBUTION
Higher prices kept furniture and lighting retail sales positive in April with a mid-single digit percentage climb on the same month last year. Volumes still declined.
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- RETAIL & DISTRIBUTION
The CEO of Nestware Holdings says the flooring group is part way through a process to hire a new managing director for Carpetright, its largest retail brand, having recently appointed a new finance director.
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- UPHOLSTERY
Upholstered furniture and beds retailer Willow & Hall maintained bottom line momentum as it built on a return to profit with another gain last year.
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- RETAIL & DISTRIBUTION
Marks & Spencer (M&S) says it will look to expand partnerships in an attempt to galvanise its home business, citing the recent extension of an existing brand union into upholstery and case goods.
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- RETAIL & DISTRIBUTION
Furniture retail price inflation eased for the eighth straight month in April with a slackening off in costs incurred at the factory auguring well for further declines in the months ahead.
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- RETAIL & DISTRIBUTION
Tough comps and a higher exposure to the furniture category contributed to falling sales at West Elm in the first quarter of 2023, according to parent company Williams-Sonoma.
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- CASE GOODS
The closure of a flatpack furniture maker earlier this year has resulted in the liquidation of a co-controlled ecommerce retail business trading as Devoted2Home.
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- ECOMMERCE
The insolvent restructure that wiped out the equity interest of the founder of ecommerce retailer Oak Furniture Superstore has resulted in elevated stakes for other shareholders, including the founder of Oak Furnitureland.
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- RETAIL & DISTRIBUTION
Maisons du Monde, the €1.2 billion turnover furniture and home décor retailer, will this week begin a managed close down of its U.K. operations.
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- RETAIL & DISTRIBUTION
Lawyers acting for general merchandise retailer Next will argue the case for the fashion-to-furniture chain next month as an intellectual property dispute with a German company moves closer to a resolution.
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- BEDS & MATTRESSES
Profits remained robust through 2022/23 for the North East company that describes itself as the first affordably-priced memory foam mattress competitor to market leader Tempur.
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- RETAIL & DISTRIBUTION
Designer furniture and homeware retailer Heal's saw cash decline by more than £5 million last year as a consequence of the unwind of its large order book and of it retiring a portion of its outstanding debt.
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- REGIONAL
Furniture and dependent store retailer Bradbeers will this autumn open an own-brand store in the large Salisbury property it formerly leased to Debenhams.
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- TRADE & INDUSTRY
News in brief from across the U.K. furnishings sector.
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- RETAIL & DISTRIBUTION
Third-party investors have taken a multi-million pound minority equity position in Neptune, the Wiltshire headquartered furniture design, wholesale and retail group.
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- RETAIL & DISTRIBUTION
The Floor Room, the flooring retail brand launched by Carpetright owner Nestware two years ago, is to take over responsibility for all of John Lewis’ fitted flooring, from customer consultation to installation.
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- RETAIL & DISTRIBUTION
A highly-regarded retailer with furniture stores in Ayr and Glasgow made its biggest gain in the past decade as it continued build in the year to January 31, 2023.
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- RETAIL & DISTRIBUTION
Williams-Sonoma, the U.S. conglomerate behind the West Elm and Pottery Barn retail formats, has launched GreenRow, a new consumer brand specialised in the use of sustainable materials and manufacturing practices to create colourful, vintage-inspired heirloom quality products.
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- RETAIL & DISTRIBUTION
Mattress and ancillary sleep products retailer Woolroom maintained a positive bottom line last year after a break-out period in the run up to and through the pandemic.
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- BEDS & MATTRESSES
Import volumes of foam and sprung mattresses into the U.K. climbed for the third straight month in March, but the value of those products was lower compared with last year.
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- REGIONAL
The co-owner of the furniture company behind The Interior Outlet retail store in Yorkshire says a variety of factors resulted in its insolvency including unresolved issues in its supply chain.
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- RETAIL & DISTRIBUTION
Danish furniture and homeware retailer JYSK will take U.K. store numbers to 30 with the launch of a new branch in Warrington later this month.
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- RETAIL & DISTRIBUTION
The owner of The Conran Shop has invested more equity into the modern furniture, homeware and lifestyle retailer via a fresh share issue.
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- REGIONAL
Nailsea retailer Orchards The Furniture People is to call time on over 50 years of trading and close permanently ahead of its owners' planned retirement.
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- RETAIL & DISTRIBUTION
The current valuation of international urban furniture retail brand BoConcept has declined in the past year, according to its longtime private equity backer.
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- RETAIL & DISTRIBUTION
The write-off of a related party loan was behind furniture and flooring rental retailer Pay Weekly Carpets & Vinyl reporting a loss last year despite rising output from its in-house sofa manufacturing unit.
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- RETAIL & DISTRIBUTION
John Lewis of Hungerford has agreed the £3 million sale and leaseback of its Oxfordshire factory amid wider plans to save cash by delisting from the Alternative Investors Market (AIM) of the London Stock Exchange.
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- BEDS & MATTRESSES
U.K. sales jumped for mattress brand Emma Sleep according to just-filed figures that take in some of the most lucrative months of the pandemic for large players in the ecommerce home sector.
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- FLOORCOVERINGS
National retailer Tapi Carpets & Floors has launched a programme of eco-friendly carpets manufactured from recycled polyester and plans to add further sustainable smooth flooring options in the near future.
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- RETAIL & DISTRIBUTION
Heritage independent furniture retailer Ewen & Company has begun a retirement sale ahead of the planned permanent closure of its Aberdeen premises.
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