Retail News
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- TRADE & INDUSTRY
Four companies from the U.K. furniture and home sectors have landed spots in The Sunday Times Hundred 2023, which ranks the country's fastest growing private businesses by sales.
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- BEDS & MATTRESSES
Direct-to-consumer mattress and sleep company Brook & Wilde (Brook + Wilde) is close to the completion of a restructure of the business and has called on a supplier to withdraw a potentially disruptive winding up petition.
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- RETAIL & DISTRIBUTION
Frasers Group, owner of retailers including Sofa.com, Amara and House of Fraser, has increased its significant minority shareholding in Ideal World, a little over a year after the TV shopping network was rescued out of administration.
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- RETAIL & DISTRIBUTION
Furniture and homeware retailer Homesense on Thursday opened its first store in Stevenage in a unit co-located with TK Maxx, its sister brand.
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- ECOMMERCE
Bricks-to-clicks beds and mattress retailer Bedstar was profitable for at least the eighth straight year through 2021/22, booking its largest gain yet throughout that period.
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- RETAIL & DISTRIBUTION
Delivery company DX has reached an agreement to take over 15 U.K. sites previously operated by Tuffnells, the flat-pack furniture delivery specialist that entered administration earlier this month.
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- REGIONAL
The retail company operated by the Bristol franchisee of BoConcept recorded a loss ahead of the modern furniture brand relocating to a new store in the city at the turn of the year.
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- RETAIL & DISTRIBUTION
Skandium, the modern furniture, lighting and accessories retailer that trades online and from a central London showroom, found trade tougher in 2022 but remains well placed to thrive in the long term, according to its owner.
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- ECOMMERCE
The North West retailer behind the Online Home Shop (OHS) brand booked higher profits last year in a period in which category expansion saw it enter the beds and bedroom furniture market for the the first time.
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- RETAIL & DISTRIBUTION
The turnaround investment firm that rescued Homebase five years ago is reorganising the corporate structure of the home improvement chain in a move that will cut costs.
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- SUPPLY & WHOLESALE
IKEA's largest two-person delivery partner is to invest £3 million in new electric vehicles to be used exclusively as part of its logistics partnership with the home and garden retail giant.
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- FLOORCOVERINGS
The group behind regional carpets chain Wilsons and national ecommerce flooring brands such as Online Carpets booked lower profits last year as revenue declined.
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- REGIONAL
Heritage high street furniture retailer Brittains of St Neots will this weekend begin clearing stock at its Cambridgeshire store ahead of its planned permanent closure.
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- REGIONAL
HM Revenue & Customs is chasing a furniture retail company based in the East End of London through the courts for unpaid tax.
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- RETAIL & DISTRIBUTION
Rising revenue was not enough to prevent profits falling at the group behind the 57-store United Carpets & Beds franchise last year. Cash also declined, in part down to loans to related party companies.
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- RETAIL & DISTRIBUTION
Furniture and lighting retail volumes declined for a fifth straight month in May, but the drop was the shallowest reported so far this year.
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- RETAIL & DISTRIBUTION
June brought an end to a four-month run of improving big-ticket consumer confidence according to new figures out Friday morning from GfK, the polling company.
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- SUPPLY & WHOLESALE
Cleland McIver more than doubled profits last year as it benefitted from growth at retail giant Dunelm and its earlier investment in building distribution capacity.
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- BEDS & MATTRESSES
A vertically-integrated bed company that describes itself as Ireland’s largest online bedding retailer has continued the buildout of its physical footprint with the opening of a second showroom.
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- RETAIL & DISTRIBUTION
Privately-owned furniture retailer Loom Loft will this summer open its third store since the business was launched ahead of the pandemic.
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- RETAIL & DISTRIBUTION
The emergence of a new 35-store floorcoverings retail chain would ordinarily be a concern for the market leader in the category. Unless they both happen to share the same owner.
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- RETAIL & DISTRIBUTION
The Floor Room is taking over the running of the floorcoverings departments across the John Lewis estate but there are no plans to mirror that in other key home categories such as furniture or beds.
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- UPHOLSTERY
Upholstered furniture market leader DFS has re-energised its presence on a key Scottish retail park after moving into a larger store.
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- RETAIL & DISTRIBUTION
Consumer furniture price inflation eased to a 21-month low in May as shallower input cost pressures combined with stressed demand for retailers across the category.
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- REGIONAL
Heritage independent furniture retailer Southons of Salisbury booked a fourth straight profit according to just-filed figures for 2022/23.
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- RETAIL & DISTRIBUTION
Former ScS commercial director John Pattison has been appointed chief executive of Sterling Furniture Group, one of the U.K.'s largest privately-owned furniture retailers.
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- RETAIL & DISTRIBUTION
Fashion-to-furniture retailer Next has lifted its sales and profits expectations for its 2023/24 financial year after it materially beat its previous guidance in the seven weeks since it was issued.
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- FLOORCOVERINGS
Carpetright has developed a project designed to improve the lives of families living in social housing across the U.K. with the aim of reducing the number of vulnerable people being left living with bare floors.
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- RETAIL & DISTRIBUTION
Hundreds of customers of South London bedroom furniture retailer Instrument were owed the thick end of half a million pounds when the business folded earlier this month.
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- COMMUNITY
The Furniture Makers’ Company, the City of London livery company and charity for the furnishing industry, has launched a call for entries for its 60th anniversary campaign honouring 60 outstanding young people working in the furniture and furnishing industry.
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- RETAIL & DISTRIBUTION
Upholstered furniture market leader DFS has revealed a new-look fascia as part of a remodel of one of its stores in the North West of England.
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- FLOORCOVERINGS
Dozens of consumers face a battle to recoup cash after the collapse of an independent carpet retailer based in the North West of England.
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- REGIONAL
W.J. Poland and Son, the Sussex furniture retailer best known as Polands, is to close permanently ahead of the owners' planned retirement from the sector.
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- RETAIL & DISTRIBUTION
Leekes welcomed customers to its remodelled furniture floor and garden centre at its flagship Llantrisant store in South Wales last week.
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- SUPPLY & WHOLESALE
Consumers awaiting furniture and mattresses from customers of delivery giant Tuffnells face potential delays after the freight specialist was formally placed into the hands of restructuring advisors on Monday.
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- CASE GOODS
South London bedroom specialist Instrument Furniture has ceased trading after heavy losses and a mounting debt burden negatively impacted the business.
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- CASE GOODS
The self-styled largest kitchen designer and manufacturer in the South West of England found profit growth last year despite a truncated financial period.
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- RETAIL & DISTRIBUTION
Longtime Dreams chief financial officer (CFO) Kim Zaheer is stepping down, sparking an internal promotion for Petra Kasperova. The U.K. beds retail market leader has also hired its first-ever chief information officer (CIO).
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- RETAIL & DISTRIBUTION
A major delivery company in the flatpack furniture and roll-pack mattress sectors filed a notice of intent to appoint administrators on Friday, leaving many retailers facing uncertainty regarding last-mile fulfilment. It followed a smaller rival doing likewise a day earlier.
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- RETAIL & DISTRIBUTION
Kika/Leiner, the central European furniture retail group formerly owned by Steinhoff International Holdings, is to close more than half of its store network after a transaction earlier this month that split its property interests from its trading operations.
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