Retail News
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- RETAIL & DISTRIBUTION
Dunelm says profits will land closer to year-earlier figures than analysts' expected after the furniture and homewares giant found value and volume sales growth through 2022/23.
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- RETAIL & DISTRIBUTION
Net income declined for online furniture retailer Home Discount last year with it remaining profitable thanks to a seven-figure management charge booked from a co-owned wholesale company.
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- RETAIL & DISTRIBUTION
Consumer price inflation for household furniture eased to its lowest level since April 2021 last month, according to figures released Wednesday morning by the Office for National Statistics (ONS).
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- TRADE & INDUSTRY
FIRA International, the product testing and furniture services provider, has disclosed the financial impact of the closure of its Service Technicians business unit two years ago.
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- RETAIL & DISTRIBUTION
Furniture and homewares retailer EZ Living Interiors has expanded its retail footprint in Ireland with the opening of its fourth store in the Dublin area alone.
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- INTERNATIONAL
Designer furniture and homeware retailer The Conran Shop is considering the disposal of its operations in France as part of a move to explore strategic alternatives for the business unit.
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- UPHOLSTERY
Sofa market leader DFS says it expects underlying 2022/23 profits to meet previous guidance despite the market being "significantly worse than expected."
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- RETAIL & DISTRIBUTION
The company behind a clearance specialist selling cancelled, returned and end-of-line orders from some of the U.K.'s largest retailers including John Lewis has been placed into administration.
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- RETAIL & DISTRIBUTION
Orders taken ahead of the buyout of Moda Furnishings by Giomani Designs late last week will not be delivered with customers to be told to try and claw back funds from card providers.
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- ECOMMERCE
Giomani Designs has added outdoor furniture to its expanding roster of home retail interests with the rescue buyout of six-store multichannel retailer Moda Furnishings.
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- RETAIL & DISTRIBUTION
Furniture, lighting and design retailer The Conran Shop will take London store numbers back up to two with the launch of its new Sloane Square flagship showroom later this year.
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- ECOMMERCE
Challenger indoor and outdoor furniture brand Out & Out has agreed for Panther Logistics to become its final mile delivery partner for the fulfilment of larger items.
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A huge positive swing in gross margin helped profits climb for Giomani Designs last year, mitigating sales falling by almost £10 million compared with the previous year.
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- BEDS & MATTRESSES
Vertically-integrated bed company Get Laid Beds has appointed Scott Shields as chief executive officer as the founders look to bolster the fast-growing brand's leadership team.
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- REGIONAL
Glasswells, one of the U.K.'s largest privately-owned furniture retailers, has invested in a new-look ecommerce website with improved features and more personalisation.
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- RETAIL & DISTRIBUTION
Third-party logistics provider Wincanton has revealed it gained a contract to provide delivery services to RH, the U.S. home retailer formerly known as Restoration Hardware, following its launch here last month.
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- REGIONAL
Town planners have approved proposals to remodel the entrance to independent furniture retailer Cousins' flagship Dudley store with a modern new installation.
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- REGIONAL
High demand and the partial unwind of its large order book helped East of England furniture and furnishings retailer W.J. Aldiss to higher profits last year.
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The multichannel retailer behind the Garden Furniture World ecommerce brand retired almost all its bank debt last year in a period hit by weaker demand for outdoor goods.
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- RETAIL & DISTRIBUTION
Lord Kirkham, DFS founder and president of The Furniture Makers' Company, has been nominated to become the first Honorary Freeman of Doncaster since it was awarded city status.
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- BEDS & MATTRESSES
Discount claims made by Emma Sleep in the U.K. did not stack up according to the Competition and Markets Authority (CMA), which also has concerns that certain marketing practices may breach consumer protection law.
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- RETAIL & DISTRIBUTION
Bensons for Beds has extended the debt maturity profile of tens of millions of pounds of outstanding borrowings and confirmed the size of additional finance provided by its owner Alteri Investors last year.
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- RETAIL & DISTRIBUTION
Bedroom furniture manufacturer and retailer Hammonds built sales, cash and profits last year and used some of the proceeds to retire outstanding debt.
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- RETAIL & DISTRIBUTION
National beds and mattress retailer Bensons for Beds has appointed Lindsay Haselhurst, currently chief operating officer at Currys, as a non-executive director.
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- RETAIL & DISTRIBUTION
Danish furniture retailer JYSK has issued a clarion call to property owners in Ireland, saying it wants to establish a state-of-the-art 540,000sqft distribution centre servicing its expansion across the British Isles.
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- BEDS & MATTRESSES
Tempur U.K. made its first major product launch in eight years at an event in London on Thursday night attended by over 100 of the country's elite independent and multiple furniture retailers.
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- RETAIL & DISTRIBUTION
Jason Bannister has taken a board seat on the Oak Furniture Superstore trading company for the first time since he and others acquired an equity stake in the challenger case goods retailer.
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- RETAIL & DISTRIBUTION
New equity issued in The Conran Shop has taken total shareholder investment in the modern furniture, lighting and homeware retailer to £8 million so far this calendar year.
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- RETAIL & DISTRIBUTION
The majority of Ideal World's 275-strong workforce have been laid off after the TV shopping retailer ceased broadcasting earlier this week and was placed into administration on Wednesday.
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- RETAIL & DISTRIBUTION
Upholstered furniture and flooring retailer ScS has followed DFS in withdrawing its four years' interest free credit (IFC) option, with qualifying customers now limited to a maximum three years instead.
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- RETAIL & DISTRIBUTION
Restructuring advisors were called in as administrators at TV shopping network Ideal World on Wednesday with staff to find out later today whether their jobs are to be saved.
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Sales in the U.K. tumbled for French furniture and home décor retailer Maisons du Monde last year, ahead of it deciding to close its business here in the spring.
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- RETAIL & DISTRIBUTION
Staff at TV shopping channel Ideal World were sent home and all broadcasting pulled, including its lucrative ITV early morning slots, as stakeholders work to tie up a transaction that will rescue the Peterborough retailer.
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- UPHOLSTERY
Sofa retailer ScS began a roll out of the Paloma Home upholstery collection across its retail stores on Monday, part of an exclusive tie-up with Paloma Faith, the singer, actor and creative director.
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- DEALS & FINANCE
Keswick Flooring, part of the Nestware Holdings group that also owns Carpetright, has acquired the business of UK Flooring Direct in a deal that saves jobs and ensures outstanding orders will be fulfilled.
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- RETAIL & DISTRIBUTION
National beds and mattress specialist Bensons for Beds says it maintained its upwards momentum shift from the first half with high single-digit sales growth in the third quarter of its financial year.
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- RETAIL & DISTRIBUTION
Bradbeers, the southern England furniture and department store retailer, booked a record top and bottom line in the past year as it shrugged off the last effects of Covid-related disruption.
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- RETAIL & DISTRIBUTION
Upholstery and flooring retailer ScS has named Mark Fleetwood as successor to outgoing chief financial officer Chris Muir. He takes up the role from early September.
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- RETAIL & DISTRIBUTION
Argos, one of the U.K.'s largest retailers of entry-level beds and furniture, recovered some of the ground lost in the first quarter of last year, citing strong demand in non-home goods categories.
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- REGIONAL
Adjusted profits rose for Fairway Furniture in the past year amid the unwind of its order book and investment in renewable technology across its retail estate.
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