Retail News
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Profits remained at more than twice pre-pandemic levels for The White Company last year as the retailer saw its customer base pivot back to the store channel and category sales rebalance after a bumper period for home.
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Consumer sentiment towards the purchase of higher value goods such as furniture has recovered to its strongest level in over a year this month, according to a survey by polling company GfK.
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Seven companies from the across the U.K. furnishings sector claimed King's Awards for Enterprise, including two for the Harrison Spinks beds, components and fillings group in Leeds.
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The value of U.K. furniture and lighting retail sales advanced on a year-on-year basis last month but volumes remained below 2022 levels.
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The CEO of Natuzzi says the upholstered furniture giant is planning to offload more assets in deals akin to the disposal of a foam plant in southern Italy just over two years ago.
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The audit of the accounts of Made.com Group in the year before the defunct furniture retailer collapsed into administration is to be investigated by the accounting watchdog.
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James Heese, commercial director at ScS, has been elected to the board of the British Furniture Manufacturers (BFM) with a brief to support the trade association's new retail membership category.
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Profits declined at Heal's last year as the designer furniture and homeware retailer grappled inflationary pressures on two separate fronts.
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Furniture, fabrics and homeware retailer Susie Watson Designs is to build out its retail footprint with the opening of its eleventh store next month.
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Growth accelerated for Dunelm in the third quarter of its financial year as a strong Winter Sale and higher digital contribution helped sales increase at a faster pace than in the first half.
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Furniture retailer Loaf is to break store size records for the second time this year as it expands its footprint in the North of England later in 2023.
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Fears voiced by restructuring advisors last year that creditors of the now-closed retailer Manns of Cranleigh wouldn't see a 100 percent dividend have proven unfounded after a multi-million pound property deal completed.
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Consumer price inflation for household furniture eased to a 19-month low in March while input cost inflation at the furniture factory gate fell to its lowest level in over two years.
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Swarupa Pathakji, a longtime director of both value retailer Original Factory Shop and its private equity backer Duke Street, is to join the board of ScS as a non-executive director.
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- BEDS & MATTRESSES
Revenue growth accelerated for Bensons for Beds in the three months to end March with the vertically-integrated retailer announcing plans to step up its store expansion programme.
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Nestware, the owner of both Britain's largest floorcoverings retailer and standalone wholesale business, says it has already realised synergies from the separate 2020 buyout of a major flooring etailer.
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High-end bedroom furniture and mattress retailer And So To Bed achieved wider gross margin last year as it adjusted its sales strategy to reflect the inflationary cost backdrop.
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Upholstered furniture vertical Arlo & Jacob is to expand into northwest England with the opening of a Cheshire showroom later this year.
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Upholstery retailer Sofology has taken over the whole of the top floor of Redbrick Mill with the launch of a new concept lifestyle store branded Sofology The Edit.
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The owner of the retailer widely considered to be the U.K.'s first dedicated online furniture store says inventory is now back to optimum levels and the business back in profit.
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More than half of the vast roster of Natuzzi furniture stores around the world are now located in China, the company revealed on Thursday after a raft of new openings by its joint venture partner in the past year.
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- UPHOLSTERY
Natuzzi recorded a net loss in the final quarter of 2022 citing higher interest rates as having increased borrowing costs as well as impacting consumer demand around the world.
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Designer furniture and homeware retailer Heal's has time-lined the launch programme for its remodelled flagship store on London's Tottenham Court Road (TCR).
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- CASE GOODS
Furniture vertical Ashley Ann took two-year capital expenditure to well over £2 million as it invested heavily during what proved a stronger year for the Scotland based kitchens, bedrooms and bathrooms business.
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- BEDS & MATTRESSES
The family investment group that acquired half of Emma Sleep at the start of the pandemic increased the size of its holding in the direct-to-consumer and wholesale mattress business last year.
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- REGIONAL
Third generation family retailer Prestige Beds is to fully reopen its flagship store in the Whitebirk area of Blackburn this weekend following a comprehensive refurbishment programme.
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- BEDS & MATTRESSES
Sleep Country Canada has agreed to buy the Canadian assets of Casper Sleep, the U.S. bed-in-a-box brand often cited as the pioneer in the product category.
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Furniture maker and retailer HSL has opened its first store in north London with the launch of a new concept flagship format in Hendon.
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London retailer Adventures in Furniture was profitable for a fifth straight year in 2022 as it continued to rebuild from a restructuring process.
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Profits climbed for made-to-measure cabinet maker Strachan last year as the direct-to-consumer company maintained its upwards revenue trajectory.
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Furniture Village is introducing a profit sharing scheme that will see all employees of the national retailer further enjoy the rewards of their efforts, says executive chairman Peter Harrison.
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Barker and Stonehouse opened its purpose-built flagship store in Gateshead to the general public on Good Friday, the culmination of a £5 million investment by the privately-owned furniture retailer.
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Designer furniture, lighting and homeware retailer Nest has opened its long-anticipated new Sheffield showroom in the city's Park Hill development.
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- TRADE & INDUSTRY
2024 INDX show dates; Why Rowico U.K. had to close; Recticel updates on the sale of Engineered Foam unit; and Dreams plan to raise cash for homelessness charity Shelter.
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Dewsbury based ecommerce retailer Happy Beds maintained profitable momentum last year as it continued to ramp up inventory levels.
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The number of furniture, furnishings and floorcoverings companies filing for insolvency reached record high levels in the first quarter of 2023.
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The group behind the Freemans and Grattan brands has recapitalised its U.K. Internet and catalogue retail business with an eight-figure equity issue.
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Industry news in brief regarding Kave Home, Fabb Furniture, Glasswells, Davidson London and a charity hike in aid of The Furniture Makers' Company.
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Privately-owned bed retailer Mattressman has successfully completed the company voluntary arrangement (CVA) it agreed with creditors back in 2018.
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- UPHOLSTERY
The co-owned sofa-in-a-box brand Habbio and high-end upholstery business John Sankey have agreed new manufacturing licences after their hitherto production partner was placed into liquidation.
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