Retail News
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- TRADE & INDUSTRY
The Furniture & Home Improvement Ombudsman, (FHIO) has appointed four new new members to its Standards Board including key officials from major retailer DFS, Tapi Carpets & Floors, and B&Q.
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- ECOMMERCE
Eight ecommerce furniture, home and mattress companies — three of which have dedicated U.K. online stores — have featured in the Financial Times 2023 FT 1000 list of Europe's fastest-growing companies.
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- DEALS & FINANCE
One of the U.K.'s largest online bed retailers has come to the aid of furniture, home and giftware ecommerce brand Cox & Cox after it was placed into the hands of restructuring advisors earlier this week.
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- RETAIL & DISTRIBUTION
Sales in Ireland inched forward for major furniture and electricals retailer Harvey Norman in the second half of 2022 on the back of a new store and a rise in average prices. Its smaller Northern Ireland operation found life trickier.
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- UPHOLSTERY
The sofa-in-a-box company that pioneered a paradigm shift in the way entry and mid-level upholstery was manufactured and shipped has launched into the outdoor category.
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- FLOORCOVERINGS
The Carpet Foundation, the manufacturer-funded body that promotes carpet generically in the U.K., is to undertake a new burst of consumer advertising after the success of a similar campaign last year.
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- RETAIL & DISTRIBUTION
Embattled ecommerce furniture, homeware, garden and gift retailer Cox & Cox is expected to survive after calling in restructuring advisors earlier this week.
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- UPHOLSTERY
The just-agreed licensing deal between Maker&Son and The Hastings Sofa Company won't imperil outstanding orders or the interests of the existing supply chain, the upholstery brand says.
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- RETAIL & DISTRIBUTION
Heritage furniture and homeware brand Habitat will be without any standalone U.K. store presence from the summer after owner J Sainsbury announced plans to close its last remaining branches here.
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- BEDS & MATTRESSES
Insolvency practitioners at the London and Manchester offices of Mazars are handling the insolvency of Dormeo U.K., the circa £40 million mattress company placed into administration last week.
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- RETAIL & DISTRIBUTION
Privately-owned furniture retailer Glasswells has remodelled its Ipswich home furnishings store to create what it called a brighter and more contemporary atmosphere.
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- UPHOLSTERY
The owners of The Hastings Sofa Company have agreed a deal with Inc. & Co for them to become the licensee of the Maker&Son brand in the U.K. and Ireland.
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- RETAIL & DISTRIBUTION
Efforts to rescue furniture and homeware retailer Cox & Cox reached a critical juncture on Monday afternoon after restructuring advisors were called in at the Somerset ecommerce company.
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- RETAIL & DISTRIBUTION
Pippa Wicks, the senior-most official at department store retailer John Lewis & Partners, is to leave the business after two and a half years as its executive director.
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- RETAIL & DISTRIBUTION
National kitchens retailer Wren is to diversify its product range with the launch of Wren Bedrooms, expanding its customer offer into fitted wardrobes, chests, dressers and standalone items.
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- UPHOLSTERY
Maker&Son suppliers with lorry loads of unpaid-for furniture waiting to be delivered to customers are braced for more change in the way the embattled upholstery brand operates.
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- RETAIL & DISTRIBUTION
Independent bed retailer Archers Sleepcentre found top and bottom line growth through 2021/22 in a period that saw its md complete a management buyout of the business.
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- DEALS & FINANCE
Ownership change at Yorkshire cabinet furniture and mattress retailer Room To Grow.
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- UPHOLSTERY
Consumers who bought sofas sold by Mark Harris Furniture that do not comply with U.K. flammability regulations are to be contacted directly by restructuring advisors after the company was placed into administration last week.
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- RETAIL & DISTRIBUTION
Marks and Spencer (M&S) and Fired Earth are to build on an existing homeware collaboration by adding further products including upholstered, occasional and living room furniture lines.
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- RETAIL & DISTRIBUTION
Trading conditions in the U.K. and other international markets are currently far harder than in its domestic market, according to the leader of home goods ecommerce giant Wayfair.
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- RETAIL & DISTRIBUTION
EZ Living Interiors, one of Ireland's largest furniture and homeware retailers, has launched JOYA Sleep, a standalone and sustainable mattress brand with its own dedicated ecommerce channel.
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- RETAIL & DISTRIBUTION
The largest operator of IKEA stores worldwide has made a €9 million investment in a U.K. company specialising in credit risk, risk analytics and predictive modelling based on bank transaction data.
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- COMMUNITY
Bed market leader Dreams has agreed a three-year partnership with housing and homelessness charity Shelter to raise funds and awareness to address the housing emergency.
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- RETAIL & DISTRIBUTION
The near-term future of ecommerce furniture and homeware retailer Cox & Cox is uncertain after its operating company filed a notice of intent to appoint an administrator (NOI) earlier this week.
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- RETAIL & DISTRIBUTION
Home shopping general merchandise retailer N Brown Group has appointed Dominic Appleton as chief financial officer designate to succeed current incumbent Rachel Izzard.
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- SUPPLY & WHOLESALE
Retail giant Next and Sanderson Design Group (SDG) have agreed a licensing tie-up for the latter's Clarke & Clarke brand that will see its product range diversify into new categories including furniture.
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- RETAIL & DISTRIBUTION
Oak Furniture Superstore has a new owner after a deal was concluded late Tuesday afternoon for the business and assets of the multi-million pound turnover online cabinet and upholstery retailer.
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- BEDS & MATTRESSES
A debt owed to mattress retailer Dormeo U.K. by a co-controlled entity increased by a seven-figure sum in the period leading up to that company calling in restructuring advisors last month.
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- UPHOLSTERY
U.S. upholstery conglomerate La-Z-Boy saw revenue inch forward in the three months to January 29, 2023 on the back of a stellar performance from its company-owned retail business in its domestic market.
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- RETAIL & DISTRIBUTION
Premium kitchen maker Poggenpohl has retimed the relaunch of one of its flagship U.K. showrooms for a second time.
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- RETAIL & DISTRIBUTION
Mattress Online maintained margin and seven-figure profits through 2021/22 as it adjusted to what its CEO called an "anticipated change to consumer spending behaviour as the U.K. retail market settles into a post-lockdown world."
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- BEDS & MATTRESSES
Mattress supplier Dormeo U.K. is on the verge of completing a restructuring process after it filed a notice of intent to appoint an administrator (NOI) late last week.
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- RETAIL & DISTRIBUTION
Stakeholders in the Evans of High Wycombe furniture business say they are awaiting clarification of the brand's future after its until-now operating company was placed into liquidation last week.
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- RETAIL & DISTRIBUTION
Habitat, the Sainsbury's owned furniture and homeware brand, has agreed a multi-platform deal to sponsor Friday nights in on 4, broadcaster Channel 4 has announced.
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- RETAIL & DISTRIBUTION
ScS has revamped its corporate identity with a new logotype and strapline that launches concurrently with a television advertising campaign that steers the sofa and flooring retailer in a new direction.
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- BEDS & MATTRESSES
Lawyers acting for two emerging mattress brands will go head-to-head in a U.K. court hearing next month as they look to resolve a branding disagreement.
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- RETAIL & DISTRIBUTION
U.K. furniture retailers found year-on-year turnover growth in January as a result of the pickup in demand in the autumn and normalised lead times. But the total remained short of pre-pandemic levels.
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- ECOMMERCE
Building out the business of fast-growing furniture search website ufurnish.com resulted in its operating company recording a seven-figure loss last year, new accounts show.
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- RETAIL & DISTRIBUTION
The owner of London upholstery company The Sofa & Chair Co says the net effect of the company voluntary arrangement (CVA) agreed last September will be a £6.3 million reduction in liabilities.
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