Retail News
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- TRADE & INDUSTRY
News in brief from across the U.K. furnishings sector.
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- RETAIL & DISTRIBUTION
Third-party investors have taken a multi-million pound minority equity position in Neptune, the Wiltshire headquartered furniture design, wholesale and retail group.
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- RETAIL & DISTRIBUTION
The Floor Room, the flooring retail brand launched by Carpetright owner Nestware two years ago, is to take over responsibility for all of John Lewis’ fitted flooring, from customer consultation to installation.
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- RETAIL & DISTRIBUTION
A highly-regarded retailer with furniture stores in Ayr and Glasgow made its biggest gain in the past decade as it continued build in the year to January 31, 2023.
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- RETAIL & DISTRIBUTION
Williams-Sonoma, the U.S. conglomerate behind the West Elm and Pottery Barn retail formats, has launched GreenRow, a new consumer brand specialised in the use of sustainable materials and manufacturing practices to create colourful, vintage-inspired heirloom quality products.
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- RETAIL & DISTRIBUTION
Mattress and ancillary sleep products retailer Woolroom maintained a positive bottom line last year after a break-out period in the run up to and through the pandemic.
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- BEDS & MATTRESSES
Import volumes of foam and sprung mattresses into the U.K. climbed for the third straight month in March, but the value of those products was lower compared with last year.
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- REGIONAL
The co-owner of the furniture company behind The Interior Outlet retail store in Yorkshire says a variety of factors resulted in its insolvency including unresolved issues in its supply chain.
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- RETAIL & DISTRIBUTION
Danish furniture and homeware retailer JYSK will take U.K. store numbers to 30 with the launch of a new branch in Warrington later this month.
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- RETAIL & DISTRIBUTION
The owner of The Conran Shop has invested more equity into the modern furniture, homeware and lifestyle retailer via a fresh share issue.
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- REGIONAL
Nailsea retailer Orchards The Furniture People is to call time on over 50 years of trading and close permanently ahead of its owners' planned retirement.
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- RETAIL & DISTRIBUTION
The current valuation of international urban furniture retail brand BoConcept has declined in the past year, according to its longtime private equity backer.
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- RETAIL & DISTRIBUTION
The write-off of a related party loan was behind furniture and flooring rental retailer Pay Weekly Carpets & Vinyl reporting a loss last year despite rising output from its in-house sofa manufacturing unit.
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- RETAIL & DISTRIBUTION
John Lewis of Hungerford has agreed the £3 million sale and leaseback of its Oxfordshire factory amid wider plans to save cash by delisting from the Alternative Investors Market (AIM) of the London Stock Exchange.
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- BEDS & MATTRESSES
U.K. sales jumped for mattress brand Emma Sleep according to just-filed figures that take in some of the most lucrative months of the pandemic for large players in the ecommerce home sector.
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- FLOORCOVERINGS
National retailer Tapi Carpets & Floors has launched a programme of eco-friendly carpets manufactured from recycled polyester and plans to add further sustainable smooth flooring options in the near future.
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- RETAIL & DISTRIBUTION
Heritage independent furniture retailer Ewen & Company has begun a retirement sale ahead of the planned permanent closure of its Aberdeen premises.
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- RETAIL & DISTRIBUTION
Graham & Green acquired a new 100,000sqft distribution centre last year as the furniture and homeware retailer looked to make itself more cost efficient amid rising output.
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- RETAIL & DISTRIBUTION
The leader of Tempur Sealy International (TSI) says the takeover of U.K. market leader Dreams augurs well for the much-larger planned acquisition of its compatriot retailer Mattress Firm in a deal worth $4 billion.
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- BEDS & MATTRESSES
Tempur Sealy International (TSI), the world's largest bedding company and owner of U.K. bed market leader Dreams, has agreed to acquire Mattress Firm, the largest bed retailer in the U.S., in a cash and shares deal worth $4 billion.
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- RETAIL & DISTRIBUTION
The owner of contemporary sofa maker Roger Lewis is overseeing the distribution of The Conran Shop’s exclusive in-house designs to the U.K. commercial market after it formed a strategic alliance with the high-end design retailer.
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- BEDS & MATTRESSES
The London based company that claims to offer the world’s most advanced, breathable bamboo mattress returned seven-figure profits for the second straight year through 2021/22.
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- ECOMMERCE
The issue of newly-allotted shares helped fund the Cotswolds-based ecommerce bedding brand Bedfolk last year as it sustained a trading deficit.
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- LEGAL & RESTRUCTURING
Consumer creditors and the tax authorities are the biggest losers from the fallout of the closure of an award-winning Yorkshire kitchen vertical that had built its ethos around sustainable design and manufacturing.
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- BEDS & MATTRESSES
Jones & Tomlin, one of the country's largest privately-owned bed specialists, is to expand its store footprint beyond its home county after it acquired the freehold to a former Bathstore unit.
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- RETAIL & DISTRIBUTION
International revenue fell double-digit for ecommerce home goods platform Wayfair in the first quarter, returning to the levels seen at the outset of the pandemic.
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- RETAIL & DISTRIBUTION
National soft furnishings, lighting and home accents brand Julian Charles Home has laid down a marker in a profitable first full year since a private equity backed buyout.
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- RETAIL & DISTRIBUTION
General merchandise retailer Next outperformed expectations in the past three months but warned off any over exuberance by cutting sales forecasts for the next quarter.
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- RETAIL & DISTRIBUTION
U.K. kitchen giant Wren has expanded its showroom network in North America as it looks to build on major investment in manufacturing in the U.S. market.
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- FLOORCOVERINGS
Connection Retail, the group behind brands including Flooring Superstore and Direct Wood Flooring, has restructured its cost base after a year in which it incurred a seven-figure deficit.
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- COMMUNITY
Upholstery and flooring retailer ScS is partnering Shelter, the housing and homelessness charity, by supporting the organisation’s work with donations of cash, unwanted products, and time.
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- UPHOLSTERY
A Scotland based ecommerce trader has become the latest supplier of upholstery to fall foul of the U.K. flammability regulations with four of its models said to present a serious fire risk.
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- BEDS & MATTRESSES
Google and HM Revenue & Customs stand to lose most from the insolvency of the company that until a few days ago ran the Divan Bed Warehouse ecommerce mattress and bedding retail business.
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- FURNISHINGS & ACCENTS
Pooky, the lighting brand created by one of the co-founders of Sofa.com, is opening its first retail showroom in the North of England and its third overall.
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- RETAIL & DISTRIBUTION
Revenue recovered close to pre-pandemic levels for heritage independent home goods retailer Gardiner Haskins last year after a second straight period of growth. Profits also climbed.
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- BEDS & MATTRESSES
Ecommerce retailer Divan Bed Warehouse is now trading through a different corporate structure after a tax demand from HM Revenue & Customs prompted a predecessor operating company to enter liquidation.
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- RETAIL & DISTRIBUTION
Magnet owner Nobia said first quarter revenue declined in the U.K. as it began a wide-ranging restructuring programme that sees the closure of two kitchen factories here and other business model adjustments.
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- SUPPLY & WHOLESALE
Wincanton has made what it described as a multi-million pound investment in electric vehicle technology to provide home delivery services for IKEA, the U.K.'s largest home furnishings retailer.
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- BEDS & MATTRESSES
Privately-owned ecommerce retailer MattressNextDay has begun listing the Simba Sleep mattress programme among its product offering for the first time.
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- RETAIL & DISTRIBUTION
Independent furniture retailer Vale Furnishers invested more than half of its large cash reserves into property during a year in which it posted record revenue and higher adjusted profits.
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