Retail News
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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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- RETAIL & DISTRIBUTION
A property company under the control of the owner of an oak furniture retailer that only last month completed an insolvent restructure has filed a notice of intent to appoint an administrator (NOI).
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- LEGAL & RESTRUCTURING
Customer deposits represented a third of the debts of a now-closed Northern Ireland based bedroom and kitchen furniture manufacturer and retailer that traded across the U.K. and Ireland.
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- BEDS & MATTRESSES
A deal to sell Sleep.8, the international bed retail brand that has been rapidly expanding its store footprint in the U.K. and other markets, is almost complete.
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- RETAIL & DISTRIBUTION
Household furniture price inflation continues to run in double-digit percentages but the rate eased to its lowest level in well over a year last month, according to new official data.
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- RETAIL & DISTRIBUTION
Homewares and furniture retailer Dunelm claimed market share in the second half of 2022 but saw profits fall as rising costs took their toll on the business.
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- REGIONAL
High demand and a new sales procedure helped one of the country's largest privately-owned furniture retailers to lift profits as revenue climbed to a seven-year high through 2021/22.
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- UPHOLSTERY
Sofology has promoted Gisela Lancaster, who first joined the upholstery retailer from the home shopping retail sector nearly two years ago, to lead its buying team.
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- RETAIL & DISTRIBUTION
Vince Gunn, managing director of upholstered furniture brand Snug for the past two years, has been appointed chief executive at upmarket kitchen retailer Harvey Jones.
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- RETAIL & DISTRIBUTION
Fishpools has paid tribute to its chairman John Fishpool, the third generation of the family to run the highly-regarded independent furniture retailer, who has died aged 84.
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- RETAIL & DISTRIBUTION
The CEO of Tempur Sealy International says the bedding conglomerate will continue to look at acquisition opportunities, citing the takeover of Dreams as an example of when the stars eventually aligned after years of talks.
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- RETAIL & DISTRIBUTION
Retail giant Next is looking to experienced furniture industry executives as it looks to lever the acquisition of the Made.com [Made] brand after its collapse last year.
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- UPHOLSTERY
Losses widened at upholstery brand Swyft as it continued to scale its business ahead of a later debt-for-equity swap that helped the company cut borrowing.
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- BEDS & MATTRESSES
Bed retailer MattressNextDay has begun selling Tempur branded goods for the first time as it embarks on a 2023 expansion programme, the South East ecommerce-led company has announced.
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- RETAIL & DISTRIBUTION
Designer furniture, lighting and lifestyle retailer The Conran Shop has closed one of its iconic London stores and separately raised further equity funding from its owner.
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- RETAIL & DISTRIBUTION
An end to pandemic restrictions in Northern Ireland helped the retailer that operates Dreams and Sofatime branded stores there find big revenue growth last year, with adjusted profits also rising.
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- RETAIL & DISTRIBUTION
JYSK has fired up a new partnership with online logistics marketplace AnyVan designed to boost its customers' ability to get big-ticket items delivered to their homes in as little as 24 hours.
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- RETAIL & DISTRIBUTION
Frasers Group, owner of retailers House of Fraser and Sofa.com, paid £2 million in cash to rescue the business and assets of Amara Living after the embattled home and living brand had run out of alternative funding sources.
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- BEDS & MATTRESSES
An already-closed Edinburgh mattress retail company has been temporarily prevented from being struck off from the company register following an objection.
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- RETAIL & DISTRIBUTION
Prominent Irish retailer EZ Living Furniture is planning to build and open a state-of-the-art retail warehouse in arguably Northern Ireland's premier location for big-ticket home retailers.
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- RETAIL & DISTRIBUTION
Inexpensive Danish furniture retailer JYSK will open five stores in two days this month including a buildout of its U.K. footprint.
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- RETAIL & DISTRIBUTION
The owner of the West Elm and Pottery Barn Kids retail and wholesale brands said it expects to register lower U.K. sales as a result of business model and strategy adjustments here.
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- UPHOLSTERY
Upholstery brand Sofa.com maintained high double-digit margin last year despite rising costs weighing against the impact of big sales growth.
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- RETAIL & DISTRIBUTION
National furniture retailer Barker & Stonehouse has shared images of its soon-to-be-finished Gateshead store ahead of its scheduled opening this spring.
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- RETAIL & DISTRIBUTION
HSL has appointed Venessa Hodgson as managing director designate following the departure of CEO Guy Critchlow, who has left after over six years with the furniture vertical.
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- UPHOLSTERY
The upholstered furniture manufacturer behind brands including Sofas by Saxon and Timeless Chesterfields enjoyed the strongest financial year in its history through 2021/22.
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- RETAIL & DISTRIBUTION
The Very Group has launched hundreds of new home SKUs at entry-level prices as part of a wider expansion of its Everyday own brand collection originally introduced in the summer of last year.
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