Retail News
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- RETAIL & DISTRIBUTION
Department store retailer John Lewis & Partners' plan to be able to turn close to half of its flagship Oxford Street store into office space has been backed by city planners this week.
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- RETAIL & DISTRIBUTION
General merchandise retailer Next said it expects to counter an expected eight-figure post Brexit tariff impact by agreeing new terms with its suppliers or working with alternative vendors.
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- RETAIL & DISTRIBUTION
Sales jumped 13 percent for multinational retailer Maisons du Monde in the third quarter as the retailer relied on high home accent sales to counter problems in the big-ticket supply chain.
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- RETAIL & DISTRIBUTION
High-end furniture brand Roche Bobois said that though U.K. revenue remains 29.6 percent lower year-on-year after nine reported months it can make big inroads into the deficit in the final quarter.
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- UPHOLSTERY
A first showroom in Oxfordshire will become upholstery retailer Sofas & Stuff's fourth new space to open since the summer when it throws open its doors this December.
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- FLOORCOVERINGS
Tapi Carpets & Floors has hired Emma Collett as chief operating officer as the expanding floorcoverings retailer continues to reshape its management team.
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- UPHOLSTERY
The U.K.'s first dedicated Noble Souls upholstery showroom, revealed by The Furnishing Report earlier this month (see related), will open November 27, it has been announced.
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- FLOORCOVERINGS
Flooring and beds retailer United Carpets says its franchised and corporate stores bounced back strongly in the four and a half months since its business reopened this spring.
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- RETAIL & DISTRIBUTION
U.K. furniture and lighting retail sales were higher in September than in any other month in history according to data from the Office for National Statistics (ONS).
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- RETAIL & DISTRIBUTION
The moratorium preventing creditors from taking action against the group that lists Ponden Home Interiors among its roster of retail brands has been extended for a fortnight.
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- DATA & RESEARCH
Fears for the U.K. economy and job security sent consumer confidence tumbling through October according to GfK, the polling company that tracks public sentiment each month.
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- COMMUNITY
Upholstery and carpets retailer ScS is to donate £20,000 to help fund meals for disadvantaged children in its home city. It said it was a result of the Government voting against extending free school meals into the holidays.
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- RETAIL & DISTRIBUTION
Retailer AHF is to become Fabb Furniture after what md Matt Hesketh described as years of research and development reviewing many different styles and potential brand names.
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- RETAIL & DISTRIBUTION
Jarrow cabinet maker and retailer Funky Chunky Furniture says it plans to grow headcount even further as it strives to keep pace with rising customer demand.
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- RETAIL & DISTRIBUTION
New roles for two senior figures at 16-store semi-national retailer.
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- BEDS & MATTRESSES
Bensons for Beds has paid tribute to the British suppliers behind its new Rollo by Slumberland mattress programme which it says has become the most successful launch in the retailer's 70-year history.
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- OPINION & ANALYSIS
Furniture stores in Ireland will close from Wednesday and in Wales from Friday in a repeat of harsh lockdown measures seen earlier this year.
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- CASE GOODS
The group behind the Spaceslide bedrooms brand says its cash headroom is currently larger than it was pre-Covid thanks to additional financing facilities as well as strong post-lockdown trading.
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- RETAIL & DISTRIBUTION
Furniture stores in Wales are among the non-essential retailers who have been ordered to close for two weeks following the announcement of a 'firebreak' by First Minister Mark Drakeford. Stores in Ireland face an even longer shutdown.
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- CASE GOODS
The Yorkshire group behind bedroom brand Spaceslide recorded a bigger deficit in 2019 after a decline in performance at its co-owned kitchens business Optiplan.
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- BEDS & MATTRESSES
The Covid-19 pandemic is accelerating a shift towards ecommerce in the mattress sector according to a new report by a major European furniture industry research body.
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- REGIONAL
The owners of furniture retailer Laws of Perth have announced the planned permanent closure of the business after they accepted an offer on the building premises.
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- RETAIL & DISTRIBUTION
John Lewis & Partners, one of the biggest retailers of furniture in Britain, will add more inexpensive products to its home offer as part of a wide-ranging revamp that will also see the introduction of a buy or takeback option across all furniture.
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- RETAIL & DISTRIBUTION
Department store and beds retailer S.D. Kells posted a ninth successive sales climb in 2019–20 but cautioned of the significant impact of the coronavirus pandemic on trading in the period since.
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- REGIONAL
Lukehurst, the third generation Kent home furnishings retailer celebrating its 50th anniversary, says it plans to press ahead with expansion next year.
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- BEDS & MATTRESSES
Weeks of zero takings during lockdown won't prevent the majority of bed and mattress retailers hitting their full year revenue targets according to a poll by the National Bed Federation (NBF).
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- RETAIL & DISTRIBUTION
Year-on-year sales have jumped by almost £100 million since the beginning of July for out-of-town furniture and homewares retailer Dunelm with the bulk of the gains coming from its digital sales channels.
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- RETAIL & DISTRIBUTION
Bensons for Beds says it will shift its focus to special offers and deals throughout most of November rather than participate in the Black Friday promotion this year.
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- UPHOLSTERY
Insolvency practitioners say efforts to recover a seven-figure debtor balance from one of the U.K.'s largest retailers of upholstery after the failure of a major British sofa manufacturer are over.
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- SUPPLY & WHOLESALE
Bedding manufacturer, distributor and licensee Comfy Quilts found growth in 2019–20 buoyed by increased demand from an online retailer with whom it has familial ties.
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- UPHOLSTERY
Upholstery vertical DFS has joined the British Furniture Manufacturers (BFM) in a move that sees it become the largest single member of the national trade association.
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- RETAIL & DISTRIBUTION
Balance payment for 18-store off-price furniture and department store chain had been due just before lockdown, but remained unpaid six months on.
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- ECOMMERCE
Ecommerce retailer The Very Group grabbed a bigger slice of the home market as modest growth pre-pandemic exploded in the final quarter of its 2019–20 financial year.
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- RETAIL & DISTRIBUTION
Innovation paid dividends for Yorkshire chair specialist HSL with the group recording a six-figure corporation tax credit despite achieving pretax earnings north of £2 million last year.
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- BEDS & MATTRESSES
The Bedeck bed, bath and household textiles group says it has taken steps to ensure its preparedness for rising ecommerce activity amid the ongoing coronavirus pandemic.
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- OPINION & ANALYSIS
Specialist furniture vertical HSL said four years of investment in its manufacturing operations paid dividends as it upped the volume of product leaving its own factory last year.
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- RETAIL & DISTRIBUTION
Specialist furniture vertical HSL found the sweet spot in 2019 as its 59-store retail network and home consultations delivered top and bottom line growth.
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- RETAIL & DISTRIBUTION
Drafts in longtime footwear boss in non-executive capacity.
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- RETAIL & DISTRIBUTION
North West outdoor furniture and furnishings company Moda has agreed a £7 million funding package as it looks to keep pace with rapid growth over the past year.
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- INTERNATIONAL
The new owner of the Habitat furniture retail business outside the U.K. will be granted an exclusive licence to operate the brand but will not immediately own the intellectual property.
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