Retail News
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- COMMUNITY
Upholstery and flooring retailer ScS is partnering Shelter, the housing and homelessness charity, by supporting the organisation’s work with donations of cash, unwanted products, and time.
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- UPHOLSTERY
A Scotland based ecommerce trader has become the latest supplier of upholstery to fall foul of the U.K. flammability regulations with four of its models said to present a serious fire risk.
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- BEDS & MATTRESSES
Google and HM Revenue & Customs stand to lose most from the insolvency of the company that until a few days ago ran the Divan Bed Warehouse ecommerce mattress and bedding retail business.
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- FURNISHINGS & ACCENTS
Pooky, the lighting brand created by one of the co-founders of Sofa.com, is opening its first retail showroom in the North of England and its third overall.
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- RETAIL & DISTRIBUTION
Revenue recovered close to pre-pandemic levels for heritage independent home goods retailer Gardiner Haskins last year after a second straight period of growth. Profits also climbed.
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- BEDS & MATTRESSES
Ecommerce retailer Divan Bed Warehouse is now trading through a different corporate structure after a tax demand from HM Revenue & Customs prompted a predecessor operating company to enter liquidation.
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- RETAIL & DISTRIBUTION
Magnet owner Nobia said first quarter revenue declined in the U.K. as it began a wide-ranging restructuring programme that sees the closure of two kitchen factories here and other business model adjustments.
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- SUPPLY & WHOLESALE
Wincanton has made what it described as a multi-million pound investment in electric vehicle technology to provide home delivery services for IKEA, the U.K.'s largest home furnishings retailer.
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- BEDS & MATTRESSES
Privately-owned ecommerce retailer MattressNextDay has begun listing the Simba Sleep mattress programme among its product offering for the first time.
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- RETAIL & DISTRIBUTION
Independent furniture retailer Vale Furnishers invested more than half of its large cash reserves into property during a year in which it posted record revenue and higher adjusted profits.
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- RETAIL & DISTRIBUTION
Positive rent talks with landlords means general merchandise retailer Argos plans to cull fewer stores than previously anticipated over the course of the next 12 months.
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- BEDS & MATTRESSES
The National Bed Federation (NBF) is launching a month-long campaign called May Be Time for a new Mattress through May with the aim of supporting retail marketing efforts through what is often a slower trading period.
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- RETAIL & DISTRIBUTION
Sharps continued to generate high adjusted profits according to new figures that concurrently disclose the terms of the furniture chain's sale to a new private equity backer for the first time.
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- DEALS & FINANCE
An interior design portal acquired by the co-founder of online estate agent Purplebricks last year has raised new equity funding from shareholders.
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- TRADE & INDUSTRY
Furniture and home furnishings industry news headlines in brief.
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- REGIONAL
Department store and bed shop retailer W.J. Daniel & Company has one final tranche of cash to pay before completing a multi-million pound share buyback agreed two years ago.
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- RETAIL & DISTRIBUTION
Sterling-denominated U.K. revenue climbed double-digit for high-end French furniture brand Roche Bobois during the first three months of 2023 in a sign that wealthy customers are still spending.
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- RETAIL & DISTRIBUTION
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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- RETAIL & DISTRIBUTION
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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- TRADE & INDUSTRY
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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- RETAIL & DISTRIBUTION
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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- UPHOLSTERY
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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- RETAIL & DISTRIBUTION
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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- RETAIL & DISTRIBUTION
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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- RETAIL & DISTRIBUTION
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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- RETAIL & DISTRIBUTION
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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- RETAIL & DISTRIBUTION
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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- UPHOLSTERY
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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- RETAIL & DISTRIBUTION
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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- TRADE & INDUSTRY
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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- UPHOLSTERY
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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- ECOMMERCE
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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- RETAIL & DISTRIBUTION
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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- UPHOLSTERY
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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- RETAIL & DISTRIBUTION
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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- ECOMMERCE
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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- RETAIL & DISTRIBUTION
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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- RETAIL & DISTRIBUTION
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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