Swedish kitchens conglomerate Nobia, owner of UK retail chain Magnet, says it will close an unspecified number of stores as part of a group-wide plan to save costs and protect profits.

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Habitat will open a Brighton store next month
Retail giant J Sainsbury has signalled its confidence in its furniture and interiors retail business Habitat with an equity injection that transforms its balance sheet and eliminates a large chunk of debt.

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50 as-yet-unspecified stores will close over the next five years. Its new store at Stevenage, pictured, is among the business' best-performing shops
Debenhams, the department store retailer, says it will close about a third of its circa 165-store estate over the next five years as it looks to adjust its business model to the rise of ecommerce.

What the takeover, revealed by The Furnishing Report yesterday, means for Beales' furniture business online.

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The retailer is part way through a £5m investment programme
Sales and profits were flat for Housing Units as the North West home furnishings independent completed the first phase of a major investment programme designed to position it for growth.

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21-store Beales has changed hands
Andrew Perloff, owner of Airsprung and AHF, has sold the 21-shop Beales department store chain in a private equity backed management buyout led by chief executive Tony Brown, The Furnishing Report can reveal.

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Upholstery represents almost a third of Ercol's business
Ercol chairman Edward Tadros says new upholstery designs hit the spot last year, a period that saw the heritage furniture manufacturer make heavy investment on new machinery.

Zara Home, the dedicated homeware chain operated by the Spanish Inditex conglomerate, posted double-digit sales growth in the UK last year as it launched an ecommerce channel.

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Nasons furniture store and, inset, how the brand is expected to change as part of the AHF group
AHF, recently taken over by Airsprung owner Andrew Perloff, is to save the large Nasons furniture shop in Canterbury, making it the southernmost store under its management.

John Lewis & Partners recorded a seventh straight fall in home merchandise sales last week though the chain did see some big-ticket sub-categories make year-on-year gains.

But balance sheet transformed after property revaluation.

Kitchen, bathroom and DIY chain Wickes met with significant headwinds in the third quarter as competition prevented the recovery of higher input costs and demand faltered.

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Jarrold's retail interests include The Granary contemporary furniture store
Diversified retail and business services group Jarrold successfully refinanced more than £15 million of debt due 2019 in a year where its vast property assets appreciated in value, boosting paper profits.

House of Fraser's Manchester department store, located in the historic Kendal's building in the city centre, is to close in January, new owner Sports Direct International has confirmed.

Ian Topping, the former Steinhoff boss who was named chairman at The Cotswold Company earlier this summer, will simultaneously chair the home improvement chain Homebase.

Wayfair, the expanding ecommerce home furnishings giant, has launched a customer membership programme it hopes will encourage consumers to shop with it more often.

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The summer saw a decline in cabinet imports
Living, dining and bedroom cabinet imports tumbled in August as three of the big source nations—China, Poland and Vietnam—sent less to the UK.

Second quarter update from Studio parent Findel, whose websites generate more than £100 million a year in home goods sales.

The Advertising Standards Authority has upheld a complaint regarding savings claims in email marketing from furniture-to-fashion retailer Laura Ashley.

Home sales fell last week at John Lewis & Partners, meaning the broad category has seen declines in each of the past six weeks and in 19 of the past 20.

Design company Tom Dixon has appointed Alessandro Vergano, the former chief marketing officer at Swarovski, as its new chief executive. He replaces Jamie Mitchell.

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Bargain Crazy is part of the standalone Littlewoods Clearance business
Shop Direct says it plans to close its standalone Littlewoods Clearance business unit after concluding bulk disposal represents a better alternative for clearance stock.

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Gallery Direct is headquartered at Sittingbourne
The Gallery Direct group recorded a loss last year as top and bottom line improvement at its core brand were countered by negative results from the Dreamworks business it bought in 2015.

Northern Scotland furniture retailer Grampian Furnishers has closed its Lossiemouth store for the final time ahead of its relocation to a larger, purpose-built unit this coming weekend.

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The Frasers store in Glasgow; Photograph; House of Fraser
Sports Direct International, which bought House of Fraser out of administration this summer, has acquired the building housing the department store chain's Glasgow store.

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The design concept for Wayfair's holiday pop-up shops. Photograph: Business Wire
Ecommerce furniture and furnishings retailer Wayfair will this autumn experiment with pop-up stores in its domestic U.S market as it explores new ways to interact offline with customers.

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Online and offline sales advanced for Dunelm in its first quarter
First quarter revenue inched ahead for Dunelm Group, the national furniture and homeware retailer, as growth in its core dot com brand made up for the closure of its Worldstores website.

Home sales—ahead at the end of the first quarter—were down mid single-digits for N Brown Group by the half-year stage as market headwinds checked demand.

The conversion of preference shares into ordinary stock helped boost the net worth of department store chain Beales in 2017–18, a year that saw it make further cost savings as it transitions to profit.

Walker Greenbank, the premium soft furnishings group, has begun the search for a new CEO after announcing that John Sach is stepping down following 15 years in the post.

John Lewis & Partners said it saw more customers commit to future purchases of upholstery and beds last week, but still posted a fifth successive decline in sales across its home category.

Hülsta Furniture owner to close component factories in move it says will strengthen operations at its German HQ.

Furniture retailer Made.com was cash generative for the first time in its history in 2017 while a tax credit meant it recorded its best net result on public record.

Former Furniture Village director Ian Gray has been installed as executive chairman at Canburg, owner of high-end kitchen brands Mark Wilkinson and Smallbone of Devizes.

The BHS format is returning to British retail centres after its owner struck a deal with department store retailer Beales, the Financial Times reported.

Plans to build a full line large format IKEA store on the South Coast near Brighton have been approved, with developers penciling in early 2021 as a potential opening date.

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Rackhams is based at Highhams Park, London
Headlam Group, Europe's largest floorcoverings wholesaler, has agreed to buy East London distributor Rackhams in a deal that expands its presence in the capital.

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Homesense shares a co-owner with TK Maxx
Furniture and interiors retailer Homesense put another £33 million on its top line in 2017–18 with new openings hauling it up the list of the UK's biggest home merchandise operators.

Home merchandise comparables continued to lag other categories for John Lewis & Partners last week, registering a 5.4 percent year-over-year sales decline.

Steinhoff's British subsidiaries have more time to file 2016–17 accounts with the UK Companies Registrar after altering their year-end, for a second time.

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