Retail News
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- RETAIL & DISTRIBUTION
Experienced kitchen industry executive Damian Sheridan has joined Wren Kitchens in a newly-created role aimed at galvanising its launch into the developer and house builder market.
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- BEDS & MATTRESSES
The owner of award-winning independent retailer Linthorpe Beds believes the launch of the Mattresses365 brand can support its plans to become a key national player in the medium term.
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- REGIONAL
New accounts for privately-owned South Wales furniture retailer Happy Home Furnishers guide towards a softer performance in 2022/23. Its balance sheet remains robust.
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- CASE GOODS
A high-calibre cabinet vertical owned by the founders of Pinetum, once one of the largest cabinet makers in the UK., has reopened its Wiltshire showroom following a complete rebuild.
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- RETAIL & DISTRIBUTION
The owner of OKA revisited the fair value of its investment in the British furniture, interiors and lifestyle retailer, new 2022 accounts filed by a holding company in Luxembourg show.
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- RETAIL & DISTRIBUTION
Furniture and lighting retail sales climbed for the third straight month in July, and at a faster pace, according to official figures.
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- RETAIL & DISTRIBUTION
The corporate vehicle that owns all the brands used by the Bensons for Beds group delivered higher profits for specialist private equity investor Alteri last year.
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- RETAIL & DISTRIBUTION
Consumers say they are now more likely than they were to splash out on high value items such as furniture or white goods, according to a closely-followed poll.
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- RETAIL & DISTRIBUTION
A U.K. franchisee of modern furniture brand BoConcept has launched a collaboration with Loewe Technology with the aim of offering its customers a whole home solution.
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- RETAIL & DISTRIBUTION
IKEA has delayed the opening of its new store on Oxford Street in central London, citing the need to preserve the building's historic characteristics during the fitout and preparatory phase.
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- RETAIL & DISTRIBUTION
The group behind direct-to-consumer adjustable furniture brand Willowbrook has promoted from within for its new chief financial officer after the previous incumbent agreed to take a new role.
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- UPHOLSTERY
Upholstered furniture vertical Arlo & Jacob is expanding its retail footprint with the opening of new showrooms in Cambridgeshire and Surrey in addition to a previously-announced store in Cheshire.
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- RETAIL & DISTRIBUTION
Ecommerce-led furniture retailer Danetti lapped high profits with a seven-figure deficit through 2021/22 but says it is well placed for when demand patterns become more stable.
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- RETAIL & DISTRIBUTION
The outlook remains positive according to London based furniture and furnishings wholesaler and retailer Andrew Martin International, which shrugged off a tough market and fraud to grow profits last year.
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- RETAIL & DISTRIBUTION
National retailer Bensons for Beds will open two new stores in Edinburgh in a little over a week as it restores its historic footprint in the Scottish capital.
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- BEDS & MATTRESSES
Bedding giant Tempur has collaborated with Xbox to create a one-off gaming chair to mark the launch of Starfield, a highly-anticipated new video game.
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- RETAIL & DISTRIBUTION
Dozens of former staff of the now-defunct Alan Ward furniture retail chain could be in line for a payout after an Employment Tribunal found in their favour.
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- BEDS & MATTRESSES
A large majority of recent mattress purchasers say they would have been prepared to pay more if they knew the product had been designed and constructed so as to avoid ending up in landfill at the end of its life.
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- RETAIL & DISTRIBUTION
Designer furniture, home and lifestyle retailer The Conran Shop is vacating a London office building as its owner looks to sell the property.
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- ECOMMERCE
Softer trading impacted the performance of the ecommerce company behind Italian upholstery and cabinet furniture brands SofaItalia and Oak World last year.
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- BEDS & MATTRESSES
The company behind online bed brand Yark Beds recorded its largest deficit yet in the period leading up to its owner diversifying his business interests through acquisition.
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- RETAIL & DISTRIBUTION
Bed retailer Dreams has reopened its expanded Cardiff distribution centre and adjacent retail store after a year-long project and £300,000 investment.
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- ECOMMERCE
Digital-led case goods retailer Top Furniture maintained robust balance sheet fundamentals by the spring of this year against a backdrop of tougher trading conditions.
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- RETAIL & DISTRIBUTION
Sales recovered closer to pre-Covid levels at heritage department and furniture store retailer Browns of York in the past year as it expanded online and shoppers returned to physical destinations. Profits declined.
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- REGIONAL
The family of Furniture Factors owner Barry Bruce say they have been overwhelmed by the messages they have received since his death was announced earlier this month.
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- RETAIL & DISTRIBUTION
U.K. furniture and lighting sales fell by less than £7 million year-on-year in July according to the Office for National Statistics (ONS), but a rise in June was shallower than first recorded.
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- UPHOLSTERY
Upholstery market leader DFS will later this year expand its footprint in the capital with a new store in the London Borough of Greenwich.
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- BEDS & MATTRESSES
Aspire Furniture, the Leeds manufacturer and distributor of beds and mattresses, has named Charlie Oulton as non-executive chair.
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- RETAIL & DISTRIBUTION
The wait to unveil a new managing director at Carpetright, Britain's largest floorcoverings retailer, continues amid change elsewhere in the boardroom.
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- RETAIL & DISTRIBUTION
Higher output wasn't enough to deliver improved profits at high-end kitchens and bedrooms company Roundhouse last year after rising costs mitigated sales growth.
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- BEDS & MATTRESSES
A North West supplier will manufacture, market and relaunch the Brook + Wilde brand after the direct-to-consumer mattress retailer's former operating company was placed into liquidation last week.
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- RETAIL & DISTRIBUTION
Consumer prices rise for household furniture eased to their lowest level in over two years last month, but flooring inflation remains stubbornly high.
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- TRADE & INDUSTRY
The Furniture Makers’ Company (TFMC) is launching MyFurnitureCareer.org.uk, an early careers website that aims to reduce the growing skills gap and attract young people into the industry.
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- UPHOLSTERY
A combination of weak demand and key stakeholders working stock levels back to historic norms meant sofa imports dropped by almost a quarter in the first half of 2023.
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- RETAIL & DISTRIBUTION
A surge in sales combined with efforts to keep a lid on costs helped diversified London department store group Harrods to a near seven-fold rise in profits in the past year.
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- COMMUNITY
Upholstered furniture retailer ScS has donated another £27,000 to Shelter, taking the total monetary value of its partnership with the homelessness charity north of £100,000.
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- RETAIL & DISTRIBUTION
The opening of stores in the centre and periphery of London represented a multi-million pound investment in launching into the U.K. market for King Living, the upmarket Australian furniture retailer.
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- UPHOLSTERY
The closure of a southeast England vertically-integrated upholstered furniture maker has left HMRC with an unpaid debt north of £500,000.
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- REGIONAL
Furniture retailer EZ Living Interiors has opened its northernmost store and its first in Northern Ireland to be located outside the Belfast area.
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- RETAIL & DISTRIBUTION
The pre-pack buyout of Moda Furnishings came at a price for stakeholders, and followed the outdoor furniture retailer going from profits of nearly £5 million to losses of £5.6 million inside 12 months.
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