Raft will officially open the doors to its first designer furniture outlet on Saturday morning (Nov. 4, 2023), the upholstery vertical and cabinet retailer has announced.

Expanding upholstery brand Swyft reversed seven-figure losses to wash its face through 2022/23 as it benefitted from sales growth, a debt-for-equity swap, and a restructured cost base.

Free cashflow was positive for Wayfair for the second straight quarter as earlier cost cutting measures and a return to top line growth paid off for the ecommerce conglomerate in the three months to end September.

Less than a third of Argos' total retail space will be represented by standalone stores by March next year as the general merchandise retailer revealed plans for more store closures.

South East furniture and home retailer Collingwood Batchellor made double-digit top and bottom line gains in the year to January despite sales slowing significantly from the autumn of last year.

Next, the general merchandise retailer and one of the largest vendors of furniture in the U.K., has revised its full year profit guidance after sales beat expectations in the third quarter.

A West Midlands carpet retailer has folded leaving large tax liabilities but no debt to suppliers. Its owners launched a new flooring company earlier this summer.

Heritage furniture retailer Fairbairns of Berwick has begun a retirement sale ahead of its planned permanent closure, bringing the curtain down on 77 years of trade.

British Furniture Manufacturers (BFM) latest Industry Matters podcast is now available online, featuring an all-female lineup discussing the recent launch of the Women in Furniture Network.

The underlying performance of department store retailer Fenwick weakened last year on higher costs and diluted margin as a result of stock clearance. It still returned to profit after booking the gain from further property disposals.

Market leader DFS has added to its branded upholstery programme with the launch of a new line of sofas and chairs under the iconic Ted Baker label across selected stores and online.

Department store retailer Jarrolds and its sister modern furniture store The Granary began selling furniture online for the first time last year amid revenue returning to pre-pandemic levels.

Bespoke kitchens and furniture supplier Christopher Peters Kitchens & Interiors has been placed into liquidation with consumers owed in excess of £400,000.

Retail and wholesale brand Habitat is to create a range of tableware and kitchen products based on Sanderson's National Trust collection of fabrics, after the parties signed a licensing agreement.

Home goods revenue fell by more than £8 million for Very Group in the past year but the ecommerce retailer found growth in key categories including upholstery.

The cash and asset rich independent store group behind flagship department stores such as Elys of Wimbledon invested heavily across its London and South East branch network last year.

Revenue and profits reached record levels at Barkers of Northallerton in the year to January 31, 2023, with the privately-owned retailer having now doubled its annual output over the past decade.

Renascent ecommerce and mail-order retailer Cox & Cox will next week open its first-ever physical space with a pop-up shop in Leeds.

Lincolnshire furniture, home and garden retailer Downtown recorded an accounting loss as it wrote down the value of one of its legacy Oldrids stores for a second time.

Outdoor and indoor furniture retailer Garden Trading has relocated to state-of-the-art Wiltshire premises after a £2 million investment by its new private equity backer.

ScS said it expects to upgrade a further dozen stores in the current financial year but the upholstery and flooring chain has cautioned that trade has become harder in recent weeks.

Shares in DFS climbed almost 10 percent in intra-day trading on Tuesday as the upholstery market leader benefitted from takeover talk at its largest U.K. rival. Italian sofa retailer Poltronesofà has had a bid for ScS recommended by its board.

Poltronesofà, a major Italian upholstery retailer with 300 stores across Europe, is set to acquire ScS, the U.K.'s number two sofa retailer.

The number of U.K. furniture retailers with more than 100 employees has dropped by just under a fifth year-on-year as mid–large size independent enterprises cut staff headcount.

High-end furniture retailer Bridgman was negatively impacted by the travails of Snug last year, ahead of the sofa brand being snapped up and later relaunched by national retail chain ScS.

Home shopping group Freemans Grattan Holdings (FGH), one of the U.K.'s largest retailers of furniture online, has leaned into a committed share capital funding programme to raise funds.

Sofas & Stuff established its own manufacturing facility last year in a period in which the upholstery retailer booked record revenue and made seven-figure investments.

Loaf opened its 15,500sqft store on the Redbrick complex at Batley on Thursday, the largest in the furniture retailer's estate to date.

Beds retail market leader Dreams has launched a new £4 million brand campaign featuring Gillian Anderson, the Hollywood actor who starred in the X-Files and movies including The Last King of Scotland.

Consumer confidence in splashing out on higher value items such as furniture weakened to its lowest level in nine months in October, after the sharpest single-month fall in over three years.

The value of furniture, lighting and floorcoverings retail sales rose on an annual basis in September according to figures out Friday morning from the Office for National Statistics (ONS).

Premium French furniture brand Roche Bobois says revenue in the U.K. is now flat after the first nine months of the year, having been trading ahead at the half-year stage.

The management-owned rise and recline chair manufacturer behind the Recliners brand bolstered its balance sheet with high six-figure profits last year.

Furniture and homewares retailer Dunelm said sales grew 9 percent in the first quarter of its 2013/24 financial year with upholstery among its key product successes.

Digital-led multichannel retailer MattressNextDay will host the first U.K. shop-in-shop concept from Emma Sleep when it launches its new flagship store in Kent later this autumn.

Consumer price inflation for household furniture eased to its lowest level in two and a half years in September as cost pressures on the industry continued to ease.

The Giomani Designs' affiliate that acquired the assets of Victoria Plum will pay £7.8 million in all as part of the transaction that saw it rescue the circa £100 million turnover bathroom products retailer.

Simba Sleep has returned to profit at the EBITDA line this year with CEO and co-founder Steve Reid saying the direct-to-consumer and wholesale bed brand is continuing to put the building blocks in place for international expansion.

The md of West Midlands and Dorset furniture retailer Cookes says the group is well positioned for future growth after it overcame supply chain challenges to book higher profits in the past year.

Shares in upholstered furniture market leader DFS closed at their lowest level in eight and a half years on Friday.



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