Retail News
- Details
- BEDS & MATTRESSES
Mattress brand Emma is selling its products through John Lewis & Partners after agreeing a tie-up with the department store chain across selected shops and online.
- Details
- RETAIL & DISTRIBUTION
Department store retailer John Lewis & Partners recorded weaker sales last week with all three of its main product directorates failing to match year-earlier trade.
- Details
- FLOORCOVERINGS
Carpetright is the U.K.'s biggest floorcoverings retailer.
Carpetright shareholder Meditor Capital Management has agreed to acquire the retailer's revolving credit facility (RCF) direct from its current lending banks, NatWest and AIB.
- Details
- RETAIL & DISTRIBUTION
A number of stores are on co-located sites.
U.K. beds and furniture retail chains Bensons for Beds and Harveys could have a new owner by the autumn, according to The Times.
- Details
- RETAIL & DISTRIBUTION
Store numbers have been falling since 2013.
Fashion-to-furniture retailer Laura Ashley says it will close more stores this coming year as it continues a trend dating back to 2013, when it was trading from 57 more U.K. units than it is today.
- Details
- UPHOLSTERY
ScS, the U.K.'s number two upholstery retailer, is expanding its customer service team at its North East headquarters.
- Details
- RETAIL & DISTRIBUTION
Barnsley Town Centre will benefit from the additional funding. Image: Google
An additional 50 English towns will benefit from the Future High Streets Fund with the U.K. Government upping the total investment into the initiative to £1 billion.
- Details
- COMMUNITY
Michael Boyle is presented with the Housing Units green jacket.
North West home department store retailer Housing Units raised more cash for Kidscan at its annual golf day, taking the total raised for the children's cancer charity to £50,000 in the past four years.
- Details
- REGIONAL
Glasswells is one of Britain's largest independent retailers.
East of England retailer Glasswells, one of the U.K.'s biggest independent furniture store operators, booked lower sales and profits in 2018–19 because of lower demand and a weaker housing market. Cash generation was stronger.
- Details
- BEDS & MATTRESSES
Customers of prestige British bed maker Savoir can buy certain products online from the company for the first time after it added transactional functionality to its website.
- Details
- RETAIL & DISTRIBUTION
The second half was better than the first for furniture sales at Laura Ashley.
The furniture sales trend improved for retailer Laura Ashley in the six months to end June though didn't prevent it recording a double-digit full-year decline, blaming weak consumer confidence for hitting products at higher price points.
- Details
- RETAIL & DISTRIBUTION
The insolvency of the London based designer furniture retailer Skandium — whose IP and other assets were sold to an unrelated third party earlier this summer — left unsecured creditors facing substantial unpaid debts.
- Details
- UPHOLSTERY
Sofology is working with Owen Wilson again. The first of the new series of ads airs this evening (Aug. 21).
Upholstery retailer Sofology — which tonight premieres a new television advert with film star Owen Wilson — says it will open five new stores by the spring of 2020 including a first in Northern Ireland.
- Details
- RETAIL & DISTRIBUTION
Swedish multinational Hennes & Mauritz (H&M) is to expand the geographical scope of its H&M Home store concept in the U.K. with the launch of a store in Birmingham.
- Details
- RETAIL & DISTRIBUTION
Sales of home merchandise fell at John Lewis & Partners for the fourth straight week with the chain relying on growth in its electricals category to limit the impact on total revenue.
- Details
- INTERNATIONAL
Lars Larsen
Lars Larsen, founder of the eponymous group that he built into one of the biggest furniture businesses in the world with annual sales north of €4.2 billion, has died. He was 71 years old.
- Details
- DATA & RESEARCH
Upholstery, cabinets and bed sales all ticked up year-on-year in July as retailers annualised weak comparatives following the heatwave and men's football World Cup last year.
- Details
- ECOMMERCE
Profits topped half a million pounds for emerging living, dining and bedroom cabinet furniture retailer in 2018–19.
- Details
- UPHOLSTERY
Duff & Phelps says "progress has been made" in its bid to claw back cash from a foam supplier for the benefit of creditors of fallen upholstery chain Multiyork.
- Details
- BEDS & MATTRESSES
Department store retailer John Lewis & Partners has agreed to sell Casper products in its stores and online in the first U.K. retail partnership secured by the American mattress company.
- Details
- REGIONAL
Howard Sudall, store director at renowned Yorkshire furniture store Christopher Pratts, retired earlier this summer after nearly 50 years with the retailer.
- Details
- ECOMMERCE
Houseology, the Glasgow-based etailer of prestige furniture and accents, has hired former Dobbies Garden Centres executive Laura Jamieson as chief financial officer.
- Details
- ECOMMERCE
Home furnishings retailer Wayfair has raised new capital through a private convertible note offering. It says it will use the funds for working capital, capex projects and possibly to fund acquisitions.
- Details
- DATA & RESEARCH
Consumers paid considerably more to buy furniture in July after inflation in the category climbed to its highest level since February 2018.
- Details
- RETAIL & DISTRIBUTION
Customers spent less on home products at John Lewis & Partners for the third straight week as the chain relied on higher technology spend to deliver growth.
- Details
- INTERNATIONAL
The new chief executive of Steinhoff International Holdings said its €9 billion debt pile is too high as he offered a vision of the future for the embattled conglomerate yesterday.
- Details
- UPHOLSTERY
One of the first direct-to-consumer sofa makers to allow shoppers to design their upholstery using an online configurator has agreed a company voluntary arrangement (CVA) with creditors.
- Details
- REGIONAL
Large Norfolk furniture and department store retailer Bakers & Larners relaunched its ecommerce website in a year that saw sales across the diversified group that owns it decline.
- Details
- DATA & RESEARCH
Record temperatures didn't deter more shoppers from visiting retail parks last month despite other types of destination making it the worst July footfall in seven years.
- Details
- BEDS & MATTRESSES
Eve Sleep says it is in "very early stage discussions" to acquire its rival Simba in a deal that would consolidate the direct-to-consumer mattress market.
- Details
- ECOMMERCE
Maisons du Monde wants to launch an online marketplace business as part of wider plans to double online sales.
Maisons du Monde, the French furniture and home décor retailer, is to open up its ecommerce store to third-party suppliers and retail partners through the launch of an online marketplace.
- Details
- UPHOLSTERY
DFS is one of Europe's largest sofa manufacturers as well as retailers.
DFS has declined to snuff out speculation regarding the employment status of Harvey Ellis, arguably the pound-for-pound holder of the seniormost role in U.K. furniture manufacturing.
- Details
- REGIONAL
The old and new at Hatfields of Colchester.
Heritage furniture independent Hatfields of Colchester will unveil its refurbished store front next month after a major investment at its Peartree Road site.
- Details
- RETAIL & DISTRIBUTION
Stefaan Vansteenkiste, chief restructuring officer at Debenhams, is to become the retailer's chief executive with Terry Duddy stepping down as executive chairman next month.
- Details
- RETAIL & DISTRIBUTION
BoConcept Tottenham Court Road.
The company behind Britain's largest chain of BoConcept modern furniture stores built out revenue last year and has secured new multi-million contracts that should see it do so again in 2018–19.
- Details
- RETAIL & DISTRIBUTION
Lower revenue and narrower margins contributed to the heritage retailer behind the Browns of York department store recording a six-figure loss in 2018–19.
- Details
- UPHOLSTERY
New equity funding and a property revaluation helped boost the book value of premium upholstery business The Sofa & Chair Company in 2018, consolidated accounts for its holding company reveal.
- Details
- RETAIL & DISTRIBUTION
John Lewis & Partners posted weaker home sales last week with a second consecutive high single-digit decline across the wide-ranging product directorate.
- Details
- REGIONAL
The retailer operates one of the biggest destination furniture stores in Britain.
Gross margin widened and a seven-figure chunk of debt was eliminated in 2017–18 at Andersons of Inverurie, one of the U.K.'s marquee independent furniture retailers.
- Details
- UPHOLSTERY
Other than crown debt, the largest unsecured creditor of a company once known for running a regional chain of furniture shops in London is the new owner of Sofa.com.
Stay informed. Subscriptions start from less than £2 per week: