Retail News
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- RETAIL & DISTRIBUTION
Upholstery market leader DFS said customer demand outperformed its own expectations in the past six weeks as a positive order trend returned.
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- RETAIL & DISTRIBUTION
Profits almost halved for IKEA brand owner and franchisor Inter IKEA through 2021/22 as the company was unable to pass on all input cost rises to its franchisees.
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- EVENTS
The Furniture Makers’ Company, the City of London livery company and charity for the furnishing industry, will next month host Routes to Greater Sustainability, a free-to-attend climate change and sustainability event.
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- ECOMMERCE
The boss of Wayfair says the ecommerce-led home platform is continuing to "control the controllables" as it plots a path to profit and cashflow neutrality.
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- BEDS & MATTRESSES
Challenging market conditions and a strong dollar impacted the top and bottom lines at Tempur Sealy International, the world's largest bedding company, in the third quarter.
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- RETAIL & DISTRIBUTION
About 60 standalone Argos stores that had been primed for closure by the general merchandise retail giant within the next 18 months will now remain open for longer than expected thanks to landlord concessions.
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- RETAIL & DISTRIBUTION
The disposal and closure of the last remaining Tudor Williams store earlier this year yielded a high six-figure sum for its former owner, and followed an earlier £3.5 million property deal.
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- RETAIL & DISTRIBUTION
High post-lockdown demand helped small-space living specialist The Futon Company maintain positive momentum as it again recorded highest-ever sales and profits in the past year.
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- REGIONAL
Furniture and home retailer Collingwood Batchellor reversed a seven-figure deficit to book record profits through 2021/22 amid wider plans to progress its diversification strategy.
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- RETAIL & DISTRIBUTION
Furniture and department store retailer Bradbeers has repaid almost £5 million of maturing debt after a property disposal this summer.
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- RETAIL & DISTRIBUTION
Made.com founder Ning Li has incorporated a new furniture retail company with restructuring advisors poised to complete an asset-only sale of the business he launched more than a decade ago.
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- RETAIL & DISTRIBUTION
Furniture and lighting retailer Made.com (Made) has filed a notice of intent to appoint administrators (NOI) in a move that places a ring of protection around the business and shields it from creditor action.
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- RETAIL & DISTRIBUTION
Bensons for Beds has launched a Simply by Bensons programme of entry-level mattresses with a new product lineup and an adjusted and new-look brand compared with the Simply Bensons range that preceded it.
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- RETAIL & DISTRIBUTION
A central London property that has been home to myriad upholstery brands over the years has housed its last furniture industry tenant, if new plans for the six-storey building are approved.
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- UPHOLSTERY
Danish upholstery brand Sofacompany added new showrooms and absorbed input price pressures as it prioritised the top line over profits growth in the past year.
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- RETAIL & DISTRIBUTION
London department store retailer Harrods returned to profit in the past year as it benefitted from the return of U.K. and international shoppers to the capital.
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- RETAIL & DISTRIBUTION
Clicks-to-bricks cabinet retailer shortens financial reporting period by a single day for the second time in the past three months, extending its filing deadline.
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- DEALS & FINANCE
Retailer Bensons for Beds outbid two other suitors to acquire the assets of direct-to-consumer mattress brand Eve Sleep, restructuring advisors have revealed in a new report that became public over the weekend.
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- RETAIL & DISTRIBUTION
National retailer Furniture Village will take its estate to 55 with the launch of a new store on the Stane Retail Park in Colchester.
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- RETAIL & DISTRIBUTION
The U.K.'s largest BoConcept franchise built sales, profits and cash last year, saying it emerged in a stronger-than-ever position despite very challenging trading conditions.
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- REGIONAL
The historic Derbyshire store of the hitherto highly-regarded independent furniture retailer Eyres of Chesterfield was sold ahead of the business permanently closing its doors earlier this year.
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- RETAIL & DISTRIBUTION
Restructuring advisors are poised to step in after Made.com (Made) said there was now no reasonable prospect of an offer for the equity in the company.
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- RETAIL & DISTRIBUTION
The rate at which customer loan applications are approved has increased since Dreams adopted a new time-saving system in partnership with software company Aryza.
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- RETAIL & DISTRIBUTION
Furniture and lighting retailer Made.com Group (Made) says its trading arm has temporarily suspended new customer orders following the collapse of sale talks on Tuesday.
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- RETAIL & DISTRIBUTION
Home product sales declined sharply at The Very Group through 2021/22 with the non-food ecommerce giant saying it lapped strong prior year comparatives in all major furniture categories.
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- RETAIL & DISTRIBUTION
National retailer Bensons for Beds will this week return to Watford with the opening of a new store above the existing unit operated by flooring chain Carpetright.
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- RETAIL & DISTRIBUTION
IKEA is to open Plan & Order points at Aintree, Preston and Stockport as part of plans to make it easier and more accessible to shop with the home furnishings giant.
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- RETAIL & DISTRIBUTION
Furniture retailer Made.com Group (Made) says sale discussions have been terminated after potential bidders were unable to meet a deadline of the end of the month for firm offers.
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- RETAIL & DISTRIBUTION
The company behind the ufurnish.com search engine for furniture and furnishings has agreed a partnership with Santander U.K. that will elevate the visibility of leading retailers with the bank's mortgage holders.
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- RETAIL & DISTRIBUTION
National retailer Bensons for Beds will later this week launch Bensons Outlet, a pilot store concept that will offer customers deep discounts and special buys.
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- RETAIL & DISTRIBUTION
Fewer weeks lost to Covid and higher online sales help department store group Fenwick cut trading losses through 2021/22 while it returned to profit after tax thanks to a gain on property disposal.
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- SUPPLY & WHOLESALE
Higher costs saw profits almost halve for bedding supplier Comfy Quilts in the year to end January despite sales having climbed thanks to it doing more business with a company under common control.
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- RETAIL & DISTRIBUTION
Britain's furniture industry enters the golden quarter with consumer confidence for big-ticket expenses at its weakest level since the beginning of the pandemic, according to new figures.
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The North West company behind the Luxury Rattan outdoor furniture brand has filed for insolvency just over a year after it booked a net gain of almost £1 million.
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- RETAIL & DISTRIBUTION
Oldrid & Co, the Lincolnshire furniture and home store retailer that now trades solely under the Downtown fascia, reversed a big seven-figure deficit as revenue recovered in the past year.
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- RETAIL & DISTRIBUTION
Higher prices and the unwind of big order books meant the value of furniture and lighting retail sales climbed by almost £100 million year-on-year in September.
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Wayfair says it is offering over 12,000 products that adhere to one or more of 50 third-party sustainability certifications as the online platform looks to advance the green credentials of its supply chain.
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- RETAIL & DISTRIBUTION
Homewares and furniture retailer Dunelm said it had a robust quarter with sales dipping as expected as it lapped strong comparators from the autumn of last year.
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- RETAIL & DISTRIBUTION
Former Cole's store in Stoke-on-Trent was acquired back in 2009 but closed four years later.
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- RETAIL & DISTRIBUTION
The end of lockdown and the return of London footfall has helped high-end French furniture franchise Roche Bobois find U.K. growth so far this year, at a faster pace than in any other world market.
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