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Ely's of Wimbledon is one of the flagship stores in the Morleys portfolio.
Profits jumped three-fold for independent department store group Morleys in 2018–19 after the retailer made big gains from property sales.
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Harveys continued to rationalise its store portfolio in the six months to end March and has now shut 24 shops within the past two years.
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A new-look space within Harrods and the development of its sales within other multi-brand stores outside the capital can lift revenue for Ligne Roset, the French furniture brand said in just-filed accounts.
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Wayfair will meet U.K. shoppers face-to-face for the first time with a new store in London. But only briefly, with the pop-up lasting for a single day.
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John Lewis & Partners' sales advanced 1.3 percent last week on the back of high double-digit fashion revenue growth which countered weaker figures elsewhere.
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Homewares manufacturer and distributor Portmeiron Group has agreed to buy U.S. company Nambé LLC for $12 million (£9.5m) in a cash deal that extends its reach into the North American market.
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Footfall was scarce in June.
Out-of-town retail parks, home to many of the U.K.'s largest furniture and floorcoverings retailers, saw fractionally more people last month against a wider backdrop of decline for physical store operators.
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The release of full-year results from Sports Direct International, which had been due to be published this Thursday (July 18), has been delayed.
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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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IKEA Industry, a manufacturing unit of the furniture retail conglomerate based out of the U.S. state of Virginia, is closing its factory there at the end of the year.
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Euromillions: Steinhoff advisors received a bumper payout for work done in the first half of 2018–19.
Advisors to Steinhoff International Holdings were paid €82 million in fees in the six months to end March as the conglomerate continued "complex and technical work" to complete its financial restructuring and stabilise the group.
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A one-off voluntary settlement with HM Revenue & Customs meant reported profits were lower at furniture and home accents wholesale giant Coach House in 2017–18. Its underlying performance continued to improve.
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M&S needs to move on at pace to address longstanding issues, CEO Steve Rowe said.
Jill McDonald, md of Clothing and Home at Marks and Spencer Group (M&S), is to leave the business, the retailer announced today.
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Fishpools' Waltham Cross store.
Independent retailer Fishpools built profits and cash and near-maintained sales in what it described as a 'rock solid' performance against a backdrop of trading headwinds for the retail sector.
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Homeware retailer Dunelm Group said sales advanced in double-digits in the 13-week period to June 29 as it made the most of a weak comparative period and favourable weather.
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John Lewis & Partners' sales advanced for the second straight week buoyed chiefly by higher fashion demand. Home goods also returned to growth, inching up 0.5 percent.
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The independent retailer behind the MyHaus and Cult Furniture brands enjoyed bumper sales growth in 2017–18, new accounts reveal.
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The Thirty collection is available for customers to buy until December 2019.
National retailer Furniture Village has put together a limited-edition collection of upholstery, cabinet and beds in partnership with five suppliers to mark its 30th anniversary.
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The importer's home at Binbrook Technical Park, Lincolnshire.
Case goods distributor Classic Furniture narrowed its trading deficit in 2017–18 after efforts to address margin and strengthen its supply chain yielded improvements.
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Philip Dieperink, the former U.K. and now group chief financial officer at Steinhoff International Holdings, is to leave the conglomerate December 31, 2019.
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U.K. ranks Number 1 out of over 50 markets.
Danish furniture conglomerate JYSK, which trades across more than 50 countries worldwide, says Britain is its number one market for online sales.
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Oliver Bonas, the British retailer which carries occasional furniture among a comprehensive lifestyle product offer, enjoyed double-digit growth in 2018. Profits declined on cost headwinds.
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Conforama is one of Europe's largest furniture retailers.
Conforama, the French furniture and electricals chain which last year generated sales of €3.4 billion, is to downsize its store estate and cut staff headcount.
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Barkers invested heavily improving its dedicated Home store.
The North Yorkshire company behind the Barkers Home furnishings superstore enjoyed a seventh straight year of top line growth in 2018–19.
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French furniture and décor retailer Maisons du Monde, which sells in the U.K. online and through Debenhams concessions, has acquired a majority stake in a compatriot business that provides consumers with inexpensive interior design services.
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General merchandise revenue fell for Argos owner J Sainsbury in the 16 weeks to June 29 but the retail giant claimed it had secured a bigger slice of the overall pie for itself in a tough market.
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- RETAIL & DISTRIBUTION |
Steinhoff International Holdings has launched legal action against two former senior executives in a bid to recover earnings they received before the group became embroiled in an accounting scandal.
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- RETAIL & DISTRIBUTION |
John Lewis & Partners' home sales declined.
For the second straight week, department store chain John Lewis & Partners racked up its highest grossing seven-day period in 2019. Home sales, however, failed to match year-earlier levels.
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New product design is already underway, Birlea said.
Birlea Furniture has confirmed the acquisition of the Willis & Gambier brand and intellectual property rights, saying the deal sparks the beginning of an exciting new chapter.
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Revenue jumped by more than a fifth for North West soft furnishings supplier Cleland McIver in 2017–18 as the privately-owned company built on its investment in new warehousing.
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East Midlands based furniture distributor Birlea has acquired bedroom and dining cabinet brand Willis & Gambier from Far East conglomerate Samson Holding.
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Bentley's Symmetry Park, Bicester distribution centre.
Furniture designer, importer and wholesaler Bentley Designs moved back to profit in 2017–18 after a positive change in gross margin. Sales were lower for the third straight year.
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Multiyork's empty Tottenham Court Road store, subsequently taken over by IKEA for a planning studio.
Former employees of Multiyork have received a combined six-figure sum after an Employment Tribunal found the upholstery vertical failed in its legal obligation to its staff during the redundancy consultation period before its 2017 collapse.
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Prestige kitchen and bedroom furniture maker and retailer Roundhouse booked lower underlying revenue in 2018 but the value of deposits held at the year-end indicate it may reverse that this 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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Kingfisher, owner of B&Q, has a new chief executive.
Kingfisher, owner of home improvement giant B&Q, has named the head of French supermarket conglomerate Carrefour's Asia business as successor to outgoing CEO Véronique Laury.
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Oak Furnitureland has about 100 U.K. stores and is the market leader in solid hardwood furniture sales.
Competitors hoping to pore over the finances of Britain's biggest hardwood furniture retailer could face a potential wait after Oak Furnitureland pushed out its latest year-end.
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Crate and Barrel, the European-owned furniture retailer with stores across the U.S., has bought Hudson Grace, a boutique home décor, entertaining and gift brand based in San Francisco.
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John Lewis posted its highest grossing full week of the year to date but year-on-year sales still declined with home goods among the fallers in the seven days to June 22.
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- RETAIL & DISTRIBUTION |
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.
