Retail News
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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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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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A large North West ecommerce furniture and homewares group that generates 60 percent of its £45.5 million turnover through Amazon says it expects to return to profit in the next three months after a long period of supply chain challenges.
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IKEA Ireland is cut its dependence on U.K. warehouses by opening its first dedicated Irish Customer Distribution Centre (CDC), drastically reducing delivery times.
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Wider gross margin and rates relief helped the wholly-owned retail arm of Natuzzi, which represents just a small fraction of the Italian sofa maker's total U.K. business, to cut losses through the pandemic.
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RH, the U.S. furniture retailer formerly known as Restoration Hardware, has revealed plans to open an interior design studio here in addition to the two vast galleries already in the pipeline.
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The buildout of the Soho Home retail and wholesale brand in the U.K. saw it rack up a large seven-figure profits turnaround as activity ramped up through the pandemic period.
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Retailer Bensons for Beds will on Thursday kickstart the next phase in its plan for the eveSleep brand, expanding and displaying its mattress programme across its c. 160-store national retail network for the first time.
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Sanderson Design Group has agreed a licensing agreement with J Sainsbury that will see the supermarket group's Habitat brand develop a wide range of products in collaboration with the Morris & Co. and Scion brands.
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Next has confirmed that Made.com will trade on its Total Platform network but says there are no such plans currently in place for the furniture retailer Swoon, it which it holds a significant stake, to become a client.
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Designer furniture and homeware retailer The Conran Shop has taken owner funding to new highs after a fresh equity issue late winter.
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The privately-owned franchise behind the modern furniture retail brand BoConcept across Scotland has outlined the value of its investment as it upsized its business through 2021/22.
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Industry news from Tapi Carpets, BFM, Whitemeadow and The Branded Furniture Company; and Silentnight.
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General merchandise retailer Next has made a debt investment in furniture and homeware retailer Swoon Editions, expanding on a minority equity position built last year.
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- BEDS & MATTRESSES
A multi-million pound turnover Birmingham based ecommerce beds retailer has been landed with a winding up petition from HM Revenue & Customs for unpaid tax.
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National bed retailer Bensons for Beds will expand its store footprint this weekend with the opening of a new store near its Cambridgeshire manufacturing base.
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The managed wind down at South Yorkshire ready-to-assemble cabinet manufacturer Addspace Furniture has had knock-on effects for a co-controlled ecommerce retailer.
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The temporary closure of one of House of Fraser's department stores has reduced the number of concessions in the portfolio of Sofa.com, its co-owned sister retail brand.
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Brits felt more inclined to splash out on high value items such as furniture and flooring than in any time in almost a year in March according to a closely-followed consumer poll.
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Furniture discovery and search website ufurnish.com has launched a collaboration with Airbnb, the service that lets property owners rent out their spaces to travellers looking for a place to stay.
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- SUPPLY & WHOLESALE
Stakeholders in wholesaler Kettle Interiors U.K. are working to complete a restructuring process that will secure the future of the Corby based furniture supplier.
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- RETAIL & DISTRIBUTION
Upholstery and flooring retailer ScS is to evaluate how consumers respond to DFS cutting its interest free credit offer by 12 months earlier this month, but says its own focus will remain offering optimum value.
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The value of furniture and lighting sales inched forward at well-below inflation rates in February according to data released Friday morning by the Office for National Statistics (ONS).
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- BEDS & MATTRESSES
A seven-figure vendor of mattresses, divans, headboards and bed sets on the Amazon marketplace platform has a new shareholder following ownership adjustments.
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- RETAIL & DISTRIBUTION
Bensons for Beds chief operating officer Gavin Chappell is taking on additional responsibilities as part of plans by the national retailer to divide the role of chief customer officer into separate parts.
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The takeover of Scotts by WoolOvers Group will yield more than £3.5 million for creditors though that won't be nearly enough to satisfy the mail-order retailer's outstanding liabilities.
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Consumer price inflation for household furniture eased for the sixth month in a row in February, reaching its lowest level in a year and a half.
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Dreams has officially opened its new warehouse at Willenhall in the West Midlands, describing the 260,000sqft facility as its largest investment in physical assets to date.
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The CEO of ScS says the the upholstery retailer, which is flush with cash and has no debt, would give serious consideration to vertical integration if the right opportunity was passed across his desk.
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Retail giant IKEA opened a Plan & Order Point in Stockport, Greater Manchester on Monday, the second of three iterations of the new-format stores that are planned for North West England.
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Relaunched modular sofa brand Snug has agreements in place with all three of its legacy upholstered furniture suppliers following its takeover by ScS earlier this year.
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Cash continued to build at ScS in the first half of its financial year despite the upholstery and flooring retailer recording a bigger net loss compared with last year.
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The acquisition of Sofa Workshop weighed heavy on the principal U.K. trading arm of international furniture brand Timothy Oulton ahead of the historic upholstery retailer's subsequent closure.
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Three major home furnishings retailers have agreed 10-year leases to occupy stores in the redeveloped former Toys R Us unit at the Metro Retail Park, Gateshead.
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Furniture Village and ScS, two of the largest furniture retailers in the country, are among the first companies to become Approved Retailer members of the British Furniture Manufacturers (BFM).
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