Retail News
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The Government has decided not to introduce an online sales tax as part of wider business rates reform in a move that will disappoint some brick-and-mortar retailers and high street evangelists.
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Consumer confidence improved for the second straight month in November according to a closely-followed poll amid leadership change in Westminster.
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The value of Made.com stock held at U.K. and Belgian warehouses totalled £12.5 million at cost when restructuring advisors were appointed last week, but may realise only a fraction of that amount.
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Preferential and secured claims from U.K. tax authorities and lender Silicon Valley Bank are expected to be repaid in full following the collapse of Made.com, but other creditors face a significant shortfall on the amounts owed to them.
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Furniture and home retailer The Garden Trading Company together with its parent company Joules Group were both officially placed into the hands of restructuring advisors on Wednesday afternoon.
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The West Yorkshire company behind the Bedkingdom.co.uk brand has emerged as one of the largest in the ecommerce beds segment after rapid growth through the pandemic.
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Underlying profits almost doubled for independent furniture retailer Cookes in the year to end March as the privately-owned group made gains across both its retail and storage businesses.
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Consumer price inflation for household furniture eased to its lowest reading in 10 months in October but remains at a historically elevated level.
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Fewer containers of living, dining and bedroom cabinet furniture arrived in the U.K. at the end of the first quarter including a halving in the quantity of goods shipped from China.
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Dreams says the launch of what it described as the U.K.'s first ever king size gaming bed has hit the spot with it selling twice as many as forecast within the first three weeks of its introduction.
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Made.com (Made) administrator PwC has instructed John Pye Auctions to sell the entirety of the fallen furniture, lighting and homeware retailer's unsold U.K. stock.
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Two key supply chain partners to the U.K. furniture industry relied on new business wins for growth as they called out weaker trading conditions in big-ticket categories.
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Joules Group, the parent to furniture and home retailer The Garden Trading Company, has filed a notice of intent to appoint administrators (NOI) after attempts to procure rescue funding failed.
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Second company for large Northern Ireland based retailer.
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Department store retailer John Lewis & Partners has recalled its Cloud Velvet dining chair product line on safety grounds.
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RH, the luxury U.S. furniture retailer readying its launch in the U.K. market next year, has already spent tens of millions of pounds here and committed to sums far higher, thanks to lease commitments.
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Jason Bannister has increased his stake in an emerging rival to the Oak Furnitureland business he founded 16 years ago, and joined its board of directors.
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Ecommerce giant Amazon lags only the beds market leader among shoppers searching for a new mattress according to new research commissioned by the National Bed Federation (NBF).
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The chairman of the British Furniture Confederation (BFC) has highlighted the significance of the sector for the economy on two of the U.K.'s highest-profile radio broadcast programmes.
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The co-founder of King's Road interior design practice and gallery Sigmar has opened a 3,200sqft showroom selling vintage Scandinavian furniture.
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Variety chain B&M European Value Retail (B&M) took a margin hit as the later arrival of warm weather hit demand for garden furniture and other outdoor items.
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General merchandise and food retailer Marks and Spencer Group (M&S) said it is well positioned to take advantage with market conditions expected to become more challenging over the next year.
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Almost 70 percent of the employees of furniture retailer Made.com (Made) have left the company following the appointment of administrators on Tuesday, restructuring advisors have said.
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- TRADE & INDUSTRY
Two companies from the home and garden furnishings sectors were named winners in the Scale-Up Awards, which recognise growing businesses across the country.
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General merchandise retail giant Next has won the race to acquire the Made.com (Made) brand after it outbid rivals to complete an asset-only purchase with restructuring advisors.
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Sofa market leader DFS has appointed John Fallon as its new chief financial officer (CFO), succeeding Mike Schmidt, who left last month to join value retailer B&M.
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Independent South Coast department and garden centre retailer returns to profit as it recovered most of the business lost to Covid.
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Furniture retailer Loaf booked its first-ever eight-figure profits as the clicks-to-bricks business continued its inexorable ascent in the year to March 31, 2022.
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The company behind ecommerce brand Furniture and Choice saw profits fall on lower revenue and thinner margins as it lapped the strong demand seen through the height of the pandemic.
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Solid wood beds and mattress maker and retailer Get Laid Beds built on profitable revenue growth through the pandemic as its top and bottom lines advanced again in the past year.
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Profits were two-thirds higher at independent retailer Fairway Furniture through 2021/22 as it navigated supply chain challenges to deliver its order book.
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Sofa market leader DFS has added Laura Ashley to its roster of third-party brands with a collection of upholstered furniture.
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National bed retailer Bensons for Beds is moving into a new Stirling store this weekend, a few doors down from its former home on the Springkerse Retail Park.
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Ning Li will not be buying back Made.com (Made) after restructuring advisors rejected his offer to acquire the business he founded back in 2010.
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There were seven bidders in the frame for the historic Sofa Workshop brand ahead of its sale earlier this year, restructuring advisors have said in a new report.
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17-store retailer benefits after plugging gap left by insolvent concessions with own-bought and consignment inventory.
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The Conran Shop, the modern furniture, home and lifestyle retailer, has received a new equity funding injection from its owner, its seventh so far this year.
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- RETAIL & DISTRIBUTION
Fashion-to-furnishings retail giant Next is said to have bid to acquire the intellectual property of Made.com, the embattled furniture and lighting retailer.
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- RETAIL & DISTRIBUTION
Bensons for Beds has relaunched Eve Sleep, flicking the switch on its dedicated website less than three weeks since it paid £600,000 to acquire the brand and other intellectual property.
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- BEDS & MATTRESSES
Tempur Sealy International says it is not seeing any signs of trade down among higher-end shoppers as it claimed market share gains against competitors.
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