Retail News
- Details
- RETAIL & DISTRIBUTION
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.
- Details
- BEDS & MATTRESSES
Matratzen Concord faces "liquidity constraints."
Dutch bedding group Beter Bed Holding says it will consider offers for the Matratzen Concord retail chain, its largest individual business unit operating hundreds of stores across several European markets.
- Details
- RETAIL & DISTRIBUTION
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.
- Details
- INTERNATIONAL
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.
- Details
- RETAIL & DISTRIBUTION
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.
- Details
- 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.
- Details
- FLOORCOVERINGS
The downsizing at floorcoverings chain Carpetright hasn't diminished its market leadership says the retailer's CEO as the company disclosed full year 2018–19 results.
- Details
- UPHOLSTERY
Sofa.com, the Sports Direct International owned upholstery vertical, is to double the size of its instore concession inside House of Fraser's Bristol store, barely six months after it opened.
- Details
- INTERNATIONAL
Lars Larsen Group's new chairman Jacob Brunsborg.
Lars Larsen, chairman of the eponymous furniture group that owns global companies including JYSK, ILVA and Actona, is stepping down as chairman. His son, Jacob Brunsborg, is to succeed him with immediate effect.
- Details
- RETAIL & DISTRIBUTION
98 percent of Sharps' business is derived from bedroom furniture sales.
Fitted bedrooms vertical Sharps maintained forward momentum in the six months to end March as the manufacturer and retailer shrugged off a tough macro environment to increase sales and profits.
- Details
- RETAIL & DISTRIBUTION
Sharps, the 78-store bedroom furniture maker and retailer backed by Sun Capital Partners, is planning to list corporate bonds issued last year on a Swedish exchange.
- Details
- INTERNATIONAL
The conglomerate behind the West Elm furniture retail brand has identified key markets for its international expansion programme, with Western Europe and existing territories such as the U.K. among them.
- Details
- REGIONAL
Balance sheet boost for privately-owned Kent furniture retailer.
- Details
- RETAIL & DISTRIBUTION
Dunelm says out-of-the-ordinary weather helped trade.
Furniture and homewares retailer Dunelm Group says profits will be higher than analysts' expectations after the weather helped boost late spring trade.
- Details
- CASE GOODS
Sigma 3's Moda modern bedroom range.
Kitchen, bedroom and home office furniture maker and retailer Sigma 3 posted sales growth in 2017–18 but profits declined as higher costs impacted margins.
- Details
- BEDS & MATTRESSES
Dreams was bought by Sun European in 2013.
Bed specialist Dreams says sales and profits advanced again despite a difficult U.K. retail backdrop last year, a fifth straight improvement since it was bought by private equity company Sun Capital Partners in 2013.
- Details
- RETAIL & DISTRIBUTION
Steinhoff owns both the Harveys and Bensons for Beds businesses.
Customer confidence in the Bensons for Beds and Harveys retail chains was negatively impacted by the noise surrounding their owner, parent company Steinhoff said last night.
- Details
- RETAIL & DISTRIBUTION
Losses at Steinhoff's U.K. household goods division deepened in 2017–18, the period that took in the disclosure of accounting irregularities at its parent company.
- Details
- BEDS & MATTRESSES
Tempur Sealy products will go back into 2,500 Mattress Firm stores during the final quarter of 2019.
Tempur Sealy International, the world's biggest bedding producer, says it has agreed a new supply agreement with Mattress Firm, the Steinhoff-owned retail giant, in a move that reverses the high-profile split between the parties two years ago.
- Details
- RETAIL & DISTRIBUTION
Home sales advanced for the second straight week at John Lewis & Partners as total revenue across the chain advanced to a 20-week high.
- Details
- SUPPLY & WHOLESALE
Diversified distributor Supreme Imports has acquired lighting retailer LED Hut in an insolvent buyout brokered by administrators at KPMG. The deal safeguards 30 jobs.
- Details
- RETAIL & DISTRIBUTION
The business ceased trading in the spring of this year.
The phoenix company behind the brief resurrection of the vertically-integrated Wesley Barrell upholstery business has been placed into liquidation, more than two months after staff were told of its closure.
- Details
- ECOMMERCE
Internet furniture retailer books six-figure profits for second year in a row as it reverses earlier deficits.
- Details
- REGIONAL
Aldiss' Norfolk stores at Norwich and (inset) Fakenham.
Profits climbed at Norwich and Fakenham furniture retailer W.J. Aldiss after a strong order book going into the period helped deliver a return to top line growth.
- Details
- REGIONAL
Privately-owned retailer Fairway Furniture, which operates stores across southwest England, said depressed consumer demand resulted in intense price-led competitive pressures in 2018–19.
- Details
- SUPPLY & WHOLESALE
The owners of luxury goods group Clive Christian say it is "business as usual" for its furniture manufacturing division after its fragrance unit was sold.
- Details
- SUPPLY & WHOLESALE
Home goods distributor Sabichi Homewares booked bigger profits after a fall in the cost of sales outpaced a dip in revenue for the year to October 31, 2018.
- Details
- INTERNATIONAL
20-year IKEA veteran Sara Del Fabbro has been named chief executive of the retail conglomerate's business for the South East Europe region.
Stay informed. Subscriptions start from less than £2 per week: