Retail News
- Details
- RETAIL & DISTRIBUTION
Furniture and soft furnishings chain Harry Corry Interiors generated almost £5 million of operating cashflow for the second straight year but reported profits declined on rising costs and thinner margins.
- Details
- RETAIL & DISTRIBUTION
Furniture retailer Made.com (Made) is returning to an old hunting ground with the opening of its second brand showroom since its relaunch under the custodianship of Next earlier this year.
- Details
- RETAIL & DISTRIBUTION
Value furniture chain JYSK has now reported losses in every year bar two since it arrived in the U.K. 15 years ago as rising operating costs including a higher rent bill vaporised the profits of the Covid-period.
- Details
- CASE GOODS
Liquidation impacts around 20 jobs at East of England kitchen, bedroom, home study maker and retailer.
- Details
- RETAIL & DISTRIBUTION
Expanding furniture and furnishings retail chain NCF Living is to further build out its store footprint after taking another former Harveys unit.
- Details
- RETAIL & DISTRIBUTION
A wholly-owned Natuzzi subsidiary that runs three of the Italian upholstery company's stores in London returned to profit last year after it booked the revenue from unwinding its large order book.
- Details
- ECOMMERCE
The ambitious ecommerce homewares retailer that rescued £2 million furniture retailer Shabby in early 2022 slipped to a deficit in the first full year since completing the asset buyout.
- Details
- RETAIL & DISTRIBUTION
Furniture retailer Cotswold Company is to open its ninth full-line store and its 12th overall including outlets with the launch of a showroom in Bath next Thursday (Dec. 14, 2023).
- Details
- RETAIL & DISTRIBUTION
Independent furniture retailer Arighi Bianchi is to use its Park Lane warehouse in Macclesfield as a clearance store, opening up once a week to sell ex-display and end-of-line products as well as goods with small defects.
- Details
- RETAIL & DISTRIBUTION
Fabb Furniture cut its net loss through 2022/23 as the retail chain maintained top line momentum and benefitted from a landlord compensating it for exiting a store lease ahead of time.
- Details
- RETAIL & DISTRIBUTION
Beds, furniture and property entrepreneur Andrew Perloff has made additional seven-figure debt finance available to retailer Fabb Furniture in the past year.
- Details
- BEDS & MATTRESSES
The take-private deal of mainland European retail and wholesale group Beter Bed Holding by a venture capital group is substantially complete after almost all existing shareholders agreed to tender their shares.
- Details
- COMMUNITY
The Furniture Makers' Company (TFMC), the industry charity and livery company, on Tuesday night named the recipients of its 60 for 60 Awards — championing a potential new generation of future leaders.
- Details
- RETAIL & DISTRIBUTION
The number of furniture retailers with sales north of £1 million has climbed by a fifth in the past year, as price inflation and post-lockdown demand combined to elevate more companies into seven-figure businesses.
- Details
- RETAIL & DISTRIBUTION
A wholly-owned U.K. retail subsidiary of high-end French furniture brand Ligne Roset was loss making again in the past year after it had previously ended a run of five straight trading deficits.
- Details
- RETAIL & DISTRIBUTION
Furniture and homeware retailer Dunelm has continued to expand its horizons beyond out-of-town retail parks with the opening of another large in-town former department store unit.
- Details
- RETAIL & DISTRIBUTION
Agents have cleared the last remaining stock of the predecessor Made.com company following the furniture retailer's collapse into administration a year ago.
- Details
- RETAIL & DISTRIBUTION
Designer furniture and homeware retailer The Conran Shop is to close its circa £13 million business in France, bringing an end to three decades of trade.
- Details
- UPHOLSTERY
Polish sofa manufacturer Tessa Group has taken a significant minority stake in Sofa Club, the fast-expanding upholstered furniture retailer that sells online and through lounges in major U.K. shopping centres.
- Details
- RETAIL & DISTRIBUTION
Major independent furniture retailer Lee Longlands plans to expand its footprint with the opening of two new stores inside the next 15 months, the first of which is slated to open just after Christmas.
- Details
- UPHOLSTERY
Experienced furniture industry executive Bo Simonsen has become group sales director at The Sofa & Chair Company, the London based upholstered furniture manufacturer and retailer.
- Details
- RETAIL & DISTRIBUTION
Residential property transactions, considered one of the best foretellers of future demand for home furnishings such as furniture and flooring, declined sharply in October.
- Details
- RETAIL & DISTRIBUTION
Furniture and electricals retailer Harvey Norman has seen sales in Ireland weaken in the past two months, but the negative trend has softened at its smaller Northern Ireland based operation.
- Details
- RETAIL & DISTRIBUTION
The insolvent restructure of the Pagazzi Lighting retail business earlier this autumn resulted in the closure of three of its stores, administrators have said in a new report.
- Details
- RETAIL & DISTRIBUTION
Value furniture and homeware retailer JYSK opened 135 new stores in the past year and says it expects to pull the shutters up on at least as many again by the end of next summer.
- Details
- REGIONAL
Liverpool furniture, home and garden retailer Taskers said margins were negatively impacted through 2022/23 as it bore additional freight costs of about £1 million. It said it hopes for a recovery now that rates have normalised.
- Details
- BEDS & MATTRESSES
Wooden beds and mattress vertical Get Laid Beds continued to rack up class-leading profits through 2022/23 as high export demand mitigated weaker figures from the U.K.
- Details
- UPHOLSTERY
The carve-up of the adjustable furniture retail group that until earlier this year traded as Middletons and Oak Tree Mobility has led to improved profitability and a better-equipped platform for growth, its owner has said.
- Details
- RETAIL & DISTRIBUTION
Ingka Group, the largest worldwide IKEA retailer, saw profits climb five-fold in the year to end August. The proceeds will be reinvested, shared with its employees, and go towards charitable endeavours, the company said.
- Details
- RETAIL & DISTRIBUTION
Restructuring advisors have been called in at Vivense London, a two-store furniture, lighting and homeware retailer that arrived in the U.K. amid multi-million pound investment during the pandemic.
- Details
- SUPPLY & WHOLESALE
Victoria sold 175,000sqft former Westex carpets factory last year, but sale price hadn't previously been disclosed.
- Details
- UPHOLSTERY
The chief executive of Natuzzi has detailed other assets that the Italian sofa maker and retailer might consider selling to raise cash, in addition to its iconic High Point building.
- Details
- RETAIL & DISTRIBUTION
Bolia, the modern upholstery, cabinet and accents retail brand that has been present in the U.K. market since 2016, has reported its first loss in 14 years.
- Details
- ECOMMERCE
The owners of ecommerce furniture and home brand Laura James say the business is on target to eliminate the losses of the past two years after management change, and investment in both new technology and infrastructure.
- Details
- UPHOLSTERY
Natuzzi said it did not deliver enough revenue to break even in the third quarter as it lapped an exceptional period last year and endured weak macro economic conditions in markets worldwide.
- Details
- RETAIL & DISTRIBUTION
Upholstery and flooring retailer ScS has appointed Phil Geary as chief marketing and digital officer, filling a post vacated earlier this month after Kyle Rowe took a new position elsewhere.
- Details
- BEDS & MATTRESSES
Beds market leader Dreams has launched a programme of beds and bedroom furniture in partnership with X Rocker, the global gaming furniture brand.
- Details
- RETAIL & DISTRIBUTION
The rebuild of Made.com took another leap forward this weekend after brand owner Next launched the first standalone store for the furniture retailer banner under its stewardship.
- Details
- RETAIL & DISTRIBUTION
November saw the largest single-month improvement in consumer confidence for major purchases since June 2020, giving retailers a boost going into the final weeks of the year.
- Details
- ECOMMERCE
Online general merchandise retailer Very said its indoor furniture sales performance was "significantly ahead of the market" through the three months to end September.
Stay informed. Subscriptions start from less than £2 per week: