OKA has followed plans to close its U.S. business with a cost-cutting restructuring proposal that will see the furniture and interiors retailer downsize its U.K. operation as it looks to return to profit.

Tempur's European factory continued to drive mattress imports into the U.K. in April, supported by growth from China and Ireland.

Upholstery retailer ScS has launched a long-planned sofa collection in partnership with Stacey Solomon, the television personality, presenter and singer.

Channel 4 Ventures has taken an equity stake in Vinterior in a deal that promises to provide wider public exposure beyond the capital for the second hand furniture marketplace.

Sharps booked a third straight revenue gain through 2022/23 but profits were lower as the bedroom furniture vertical absorbed higher overhead including money spent encouraging customers to spend.

Designer furniture retailer Heal's says its remodelled Tottenham Court Road store is delivering stronger sales despite its smaller size, and is less expensive to run.

CEO Tracey Bamber is one of two Silentnight executives to have been appointed to the board of Sleepeezee, the bed manufacturer acquired last month by H.I.G., the longtime Silentnight owner.

Privately-owned carpet manufacturing giant Cormar continued to bolster its balance sheet in 2022/23 despite market demand and cost pressures.

Abitare, one of the largest independent retailers of mainland European furniture brands such as Natuzzi and Calligaris, will begin a closing down clearance sale later this morning.

Floorcoverings imports climbed in April as a first rise in six months for carpet traders helped overcome a double-digit fall in the vinyl segment.

The Italian upholstery retailer that completed a take-private deal for ScS earlier this year is keen to pilot its flagship Poltronesofà brand in the U.K.

OKA, the upmarket furniture and interiors retailer, has closed its stores and ecommerce operation in the U.S. with immediate effect, and put its subsidiary there into an insolvency process.

Upholstery imports into the U.K. climbed for the second month in a row on an annual basis in April, according to HM Revenue & Customs figures released Wednesday morning.

Year-on-year turnover at the U.K. furniture factory gate climbed for the first time in six months in April in a sign that demand pressures may be cooling.

Online registration for the 2024 Bed Show is now open via the event website, organiser the National Bed Federation (NBF) has announced.

Sofa market leader DFS says profits will be about half the level of previous guidance as a consequence of a tough market and delays to deliveries because of Red Sea shipping disruption.

Man Wah, the world's largest recliner company, has revealed it made a vast increase in sales in the combined U.K., Irish and German markets in the past year as it ramped up its business with key customers.

Beaulieu International Group (B.I.G.), the diversified Belgian industrial conglomerate with interests spanning flooring to sofa fabrics, is investing €5 million transitioning to renewable energy.

Experienced retail executive Darren Kay has joined floorcoverings retailer Carpetright as stores director.

The owner of a circa £7 million turnover lighting and interior hardware retailer with 70 staff is targeting a restructure after moving to get protection from creditors on Friday.

Housing Units has completed the final phase of a five-year development plan that its CEO Nick Fox says "has solidified our position as the leading home furnishings retailer in the U.K.'s mid to high sector."

Restructuring advisors have been formally appointed to handle the insolvency of Serene Sleep Group, the beds and furniture supplier that ostensibly ceased trading earlier this spring.

Buoyant Upholstery and Bentincks, the company behind the Sofa Factory brand, have a settled a conflict of interest regarding the latter's Dorset sofa.

Andrew Thorpe has been appointed group sales director at Mansion House Bedding Company, the manufacturer behind brands including Mattison, EPOC, and The Old English Bed Company.

Northern Ireland supplier Ulster Weavers returned to profit last year after saying earlier restructuring work combined with overhead repositioning had led to a strong result.

Upholstery retailer Sofology has appointed a new creative agency to spearhead parts of its above and below the line marketing activities.

The Sofa & Chair Company will have to write off a significant six-figure debt owed to it following the insolvency of a sister business that previously traded a high-end ecommerce furniture operation.

An until-now unheralded bed manufacturer based in Devon has raised a large six-figure sum after issuing new preferred stock to shareholders.

Birmingham court filing signposts potential administration for home delivery company that works with major retailers and employs over 130 staff.

Manchester home shopping group N Brown reversed prior-year losses after it focused on more profitable business and lapped a series of non-recurring line items.

Wider gross margin and higher sales helped fitted furniture vertical Hammonds maintain seven-figure profits last year despite rising operating costs.

Arja Taaveniku, a former IKEA executive who has been an independent director at Dunelm Group for the past three years, is to step down from the home retailer's board.

The issue of tens of millions of pounds worth of shares vaporised past losses and transformed the balance sheet of sofa and furniture brand Swyft in the year prior to its takeover by Sleep Brands.

Maersk, one of the world's largest shipping companies, has increased its earnings guidance, saying full year adjusted profits could rise to as much as $9 billion for 2024.

Wider gross margin helped hardwood engineered flooring wholesaler V4 Woodflooring limit the impact of a tougher demand and cost backdrop last year.

Designer furniture company Andreu World has opened a new flagship showroom in central London, bolstering a roster of 30 existing locations worldwide.

Department store retailer Beales is to close a second store inside 18 months, leaving it with just a single branch and its online business.

The insolvent restructure of the Northamptonshire based business previously behind the Chiltern Oak Furniture brand leaves creditors nursing approaching £7 million of outstanding debt.

The West Yorkshire group behind the Komfi mattress brand found double-digit top line growth last year but profits declined as it absorbed higher costs, partly associated with factory moves.

Upholstery vertical Sofa.com is to open its first outlet store with a unit at the Junction 32 shopping destination in Castleford.

Ending the sale of big-ticket furniture lines has helped retail giant B&M get a bigger return from its store footprint, the retailer said on Wednesday.

Anti Copying In Design (ACID) has promoted Laura Newbold Breen to chief executive with longtime incumbent and co-founder Dids Macdonald OBE taking a new role with the pioneering organisation.

Liverpool furniture and home goods retailer Taskers has received the backing of key stakeholders as it progresses a restructuring process that has already seen it close one of its two large stores.

The balance sheet value of Pooky Lighting reached eight figures last year as the emerging direct-to-consumer brand found further top and bottom line gains and readied its international expansion.

Stollers, one of the U.K.'s largest single-store furniture retailers, maintained a near double-digit net margin last year despite a tougher market backdrop.

The owner of modern furniture brand BoConcept has ascribed a lower valuation to the company after a year in which its principal markets were hit by multiple supply and demand pressures.

A combination of weaker sales and higher costs hit profits last year for Gardiner Haskins, the asset-rich South West furniture and home improvement retailer.

The company behind the Bed Kingdom brand enjoyed another record year through 2022/23, achieving higher earnings on the back wider margins and its ability to find growth where rivals couldn't.

The disposal of stock looks to represent creditors' best hope of a dividend following the closure of furniture retailer Peter Green last month, with property held outside the corporate structure.

The owners of ecommerce furniture brand Roseland have bolstered its balance sheet via a multi-million pound share issue.

Payment processors and a mixture of mainstream banks and lenders-of-last-resort are among a slew of financial creditors caught short by the collapse of a furniture company that majored in dining tables.

Bed maker Sleepeezee has made another annual donation to The Children's Hospital Charity as it continues to pass on part of the money raised from sales of its Jessica mattress.

A furniture industry that has been cutting prices to stimulate orders amid low demand faces further margin pressure following a renewed threat from rising freight costs.

The number of residential property transactions increased on an annual basis for the first time in nearly a year and a half in April in a sign that demand for home furnishings could improve by the winter.

Irish furniture retailer EZ Living Interiors has opened its fourth store inside the past year as it embarks on an expansion programme this summer.

The worldwide upholstery market is forecast to return to growth in 2025 after a hard time this year, according to a new report into the sector.

The Designer Rooms, the furniture retailer that operates stores mainly across the Central Belt of Scotland, has launched a dedicated beds retail format.

Peter Green Furnishers, one of the largest single-store furniture retailers in the U.K., has ceased trading and begun the process of filing for insolvency after efforts to sell the business as a going concern failed.

Rising energy and payroll costs hit Gillies' bottom line last year, though a first full year's inclusion of the Elgin-based Grampian Furnishers business bought in 2022 meant sales reached a new record high.

Mattress and ancillary sleep products brand Emma Sleep will today bolster its U.K. direct-to-consumer presence with the opening of the first of several new retail showrooms.

Higher costs meant profits declined at privately-owned Devon and Dorset department store retailer Goulds of Dorchester in the past year, despite rising output.

Sterling Furniture Group has agreed new funding ahead of plans to double the footprint of its Sterling Home fascia and turn its Forrest Furnishings brand into a chain of up to 15 stores.

Emma Sleep, which has U.K. sales well in excess of £100 million, is facing court action from the Competition and Markets Authority (CMA), the antitrust watchdog.

Production of polyurethane (PU) foam, a major component in the manufacture of mattresses and upholstered furniture, expanded last year, despite tough end-user markets.

Australian furniture retailer Nick Scali has made the first changes to the corporate structure of U.K. retailer Fabb Furniture following its takeover earlier this month.

Riser recliner chair and mobility retailer CareCo will take its national store footprint beyond 30 tomorrow with the opening of the first of two new showrooms in the East of England.

Emerging online furniture retailer Hemming & Wills has appointed two-person delivery specialist Panther Logistics as its new white-glove delivery partner.

ScS has begun a consultation regarding the proposed exit from the floorcoverings product sector in a move that would concentrate the retailer's offer on upholstery and selected furniture.

Paul Bassi, chairman at Likewise Group, has sold a large chunk of his shares in the emerging floorcoverings supplier.

The U.K.'s largest flooring company says it is aligning three of its flagship brands as it continues its programme of integration and simplification amid a tough trading backdrop.

More furniture manufacturers than not see orders rising in the next six months as they look to recover from a recent market downturn, according to a new poll by British Furniture Manufacturers (BFM).

Steve Carson, chief executive at the U.K.'s number two sofa retailer ScS for the past three years, is to leave the company later this summer.

Independent furniture and furnishings retailer Aldiss said it achieved record high orders and delivered sales in the year to September 30, 2023.

Designer furniture, homeware and lifestyle retailer The Conran Shop has closed its historic store on Marylebone High Street, leaving it with ecommerce and its new Sloane Street flagship as its remaining U.K. retail presence.

The Stratford-upon-Avon manufacturer behind The Little Green Sheep kids mattress brand made heavy investment through 2022/23 as it looked to build a bigger international business.

Costco, the membership retail and wholesale giant, saw a shift away from furniture products on its ecommerce store last year as Covid trading patterns faded.

A South Coast kitchens retailer that struggled to cope with a fall in demand after the Covid boom has completed an insolvent restructure.

Furniture and lighting sales in Great Britain fell at their fastest pace in 38 months in April, according to official retail sales figures released Friday morning.

Big-ticket spend intent worsened for the third time in the last four months in May according to a closely-followed survey by GfK, the polling company.

One of the country's largest furniture retail landlords says the success of retail parks over other types of physical store destination through the pandemic period represents a "permanent structural shift."

Folding beds manufacturer Jay-Be almost trebled export sales last year in a period in which it leaned in to its debt facilities to fuel growth.

Designer furniture company Calligaris has confirmed that a seven-figure share issue first signposted last summer has repaired the balance sheet of its wholly-owned U.K. retail subsidiary.

Mattress and ancillary bedding products manufacturer Raskelf Group is to expand production capacity by almost a third with an extension at its West Yorkshire factory.

Tean Dallaway, CEO at the Airsprung Group, has been named president of the National Bed Federation (NBF), succeeding Vispring md Jim Gerety, who is at the end of his two-year term.

Marks & Spencer (M&S) has for the first time detailed the top and bottom line impacts of the simplification of its bulky two-person delivered furniture operation, a decision revealed by The Furnishing Report back in March.

A half-year tumble in home sales worsened for The Very Group (TVG) in the first three months of 2024 as the ecommerce retailer saw a downturn in several furniture categories. Beds proved the exception.

Retailers continued to cut prices last month as deflation in the furniture and furnishings category reached its widest level in over a decade.

The Furniture Makers' Company, the industry charity and livery company, is to organise and host another one-day summer conference for HR professionals working across the sector.

Mitch Dolloff, a 24-year veteran of Leggett & Platt (L&P) and president and CEO for the past two and a half years, has resigned with immediate effect. He will be succeeded by his predecessor.

Five major manufacturing and wholesale groups were responsible for a quarter of the U.K. upholstery market five years ago, but that has been whittled down to less than a fifth through the post-Brexit and pandemic period.

Annabel Astor, a shareholder and co-founder of the premium-pitched furniture and homeware chain OKA, has stepped down from the retailer's board of directors.

Upholstered furniture manufacturer Westbridge has started work on a new design and development hub at one of its North Wales factories.

An indoor and outdoor dining chair importer and wholesaler based near Leamington Spa has filed for insolvency, leaving creditors facing a seven-figure shortfall.

There will be eight categories in the 2024 Bed Industry Awards, the National Bed Federation (NBF) has announced.

An affiliate of the company behind the Beds.co.uk and Cox & Cox businesses has sold Victoria Plum, the bathroom retailer that has historically owned a number of famous furniture brands.

Heritage furniture brand Parker Knoll has partnered in-the-home retailer Oak Tree Mobility for the launch of an exclusive line of made-to-measure rise and recline chairs.

Kent bed manufacturer Sleepeezee has become one of the U.K.'s first companies to be granted a Royal Warrant by His Majesty King Charles III since his accession to the throne.

Barker and Stonehouse has become the latest to sign up to the retail membership category of British Furniture Manufacturers (BFM), the trade association that promotes British-made furniture.

Higher sales, a tax credit and lower director pay helped Likewise Group achieve its first-ever full year net profit last year.

Restructuring advisors say they remain in discussions regarding the sale of the business and assets of the LuxDeco ecommerce retailer that was placed into administration two months ago, but creditors looks to set to miss out regardless.

The Conran Shop has now received eight-figure funding from its owner in the past year after a fresh equity investment before the close of its 2023/24 financial period.

Upholstered furniture conglomerate giant Man Wah Holding has resolved its longstanding dispute with a U.S. component supplier regarding an alleged intellectual property infringement.

At least 15 of the wealthiest 350 individuals and families have ownership ties to the U.K. home furnishings industry, according to The Sunday Times Rich List 2024, three fewer than last year.

Top-of-the-market bed maker Hästens narrowed the trading deficit at its U.K. retail arm after finding double-digit revenue growth last year.

The upholstery group behind the AMX Design, Alstons, Ashley Manor and Alexander & James brands booked a first quarter net loss as it grappled with a challenging trading backdrop.

Upholstery volume growth helped revenue and profits advance at recliner giant Man Wah in the past year.

CareCo, the reclining furniture and mobility products retailer, has detailed the costs of the catastrophic fire at its Essex warehouse headquarters last autumn.

Organisers of the returning Manchester Furniture Show have published the exhibitor roster with several major upholstery producers among the headline signups so far.

Revenue bounced back for northern and eastern European upholstery conglomerate Home Group in the past year as the market recovered from Russia's invasion of Ukraine.

The acquisition of Sleepeezee is the latest in a series of deals that mean approaching half of the U.K.'s mattress market at wholesale is ultimately owned by U.S. companies or investors.

An investor with ties to a five-store furniture chain in the North West has added two interiors retailers to his portfolio, including a sofa retailer launched back in 2011.

A style platform founded by two former fashion directors at British Vogue has launched a brand partnership with Made.com (Made) resulting in the introduction of a capsule collection of furniture and homewares.

Furniture suppliers who lost out when Oak Furniture House restructured just over a year ago have escaped a second hit following the closure of the successor company.

H.I.G., the U.S. investment group that has owned Silentnight since 2011, has agreed to buy historic bed manufacturer Sleepeezee, expanding its control of the U.K. beds market.

Nick Scali's entry into the U.K. market is complete after it concluded its takeover of Fabb Furniture. The Australian retailer has earmarked well over £10 million for the subsequent phases of its plan.

The owners of upholstered furniture manufacturer Tamarisk Designs have created a new corporate structure following ownership adjustments and management change last year.

Kitchen chain Magnet closed nearly 5 percent of its U.K. store estate in the first three months of the year as its owner continues to transform its business here.

Nadhim Zahawi MP, who was briefly the U.K.'s Chancellor of the Exchequer in 2022, has been appointed chair at ecommerce retailer The Very Group, one of the U.K.'s largest retailers of entry-level furniture and mattresses.

Headlam Group, the U.K.'s largest floorcoverings distributor, says it will bring forward a series of cost cuts as it grapples with an ongoing decline in the overall market.

Brian Ahern was installed as the 62nd Master of The Furniture Makers’ Company (FMC) ahead of the City of London livery company and industry charity's annual Installation Dinner in London on Monday evening.

Aintree retailer Taskers, one of the largest furniture and home goods retailers in the North West of England, says it hopes a restructuring process will enable it to return to profit.

Department store retailer John Lewis & Partners has revealed that total furniture and home sales fell to their lowest level in three years through its 2023/24 period.

Imports of cabinet furniture climbed for the first time in well over a year in March on the back of improved figures in all of the living, dining, bedroom and office segments. Kitchen imports remained lower.

First quarter floorcoverings imports declined as weaker figures in the carpets and wood flooring segments negated growth in vinyl.

Furniture company Swyft, best known for its sofa-in-a-box programme, says its takeover by Sleep Brands will help fund its global expansion and product diversification.

First quarter sofa and sofabed imports were marginally higher than year-earlier levels on much stronger shipments from both China and Poland, the two largest source nations. Volumes were up high single-digits.

The U.K. rollout of the all-new Tempur lineup of mattresses kept imports positive in the first quarter of 2024, else shipments would have been flat on a year-on-year basis.

Companies from the upholstery, home and office furniture, and ecommerce retail sectors have been named on The Sunday Times Best Places to Work 2024 roster.

The entrepreneurs that last year saved the Dormeo mattress brand have acquired sofa-in-a-box business Swyft Home in a transaction that further consolidates the U.K. direct-to-consumer sector.

U.K. furniture manufacturers' turnover declined for a fifth month in a row in March, representing the sharpest year-on-year decline since February 2021.

Textile floorcoverings manufacturer Belysse Group says sales declined in the first quarter of 2024 as a consequence of weaker demand in both Europe and the U.S.

Sealy U.K. has appointed former Franke U.K. and Ireland managing director Neil Clark as general manager.

Long Eaton manufacturer Conker Furniture has acquired John Sankey, Habbio and Eco Benchmade (EBL) in a strategic move it says will further its position as a premier player in the U.K. upholstery market.

The privately-owned West Yorkshire manufacturing company that owns the Bedworld retail brand booked a second straight deficit in a period that saw it reduce bank debt.

London based furniture wholesaler Qualita is to widen its product roster for U.K. customers after acquiring the wholesale operations of Centrepiece International, a small case goods supplier.

The competition regulator is to investigate the completed takeover of Wincanton, a key logistics partner to the U.K.'s furniture and home retail industry.

British Furniture Manufacturers (BFM) says the inaugural Furniture Component Expo (FCE) held in April was a success, with the show to return again next year.

Mlily's brand partner Manchester United might have floundered in Europe but the Chinese company behind the diversified mattress giant has had no such troubles, with bumper first quarter growth building on gains made in 2023.

The company behind the born-again Oak Furniture House retail brand has filed for insolvency, just over a year after its predecessor operation had been rescued in a deal that compromised creditors.

The managing director of Buoyant Upholstery says demand across the industry has fallen but the sofa manufacturer is retaining its share of the market.

Embattled £14.5 million supplier behind riser recline furniture brand due high six-figure sum in previously-suffered customs duties.

Home and garden ecommerce marketplace retailer Wayfair has this week launched a new U.K. marketing campaign championing the breadth of its product offer.

Dreams has become a corporate member of The Furniture Makers' Company (TFMC), the industry charity and City of London livery company.

The U.K. beds market is worse this year than last according to Tempur Sealy International, the owner of retail market leader Dreams and two of the world's largest bedding brands.

Profits climbed by half for Celebrity Motion Furniture through 2022/23 on continued strong demand for riser recliner chairs and margin expansion.

A former owner of the Scottish furniture, lighting and home décor wholesaler CIMC Home has provided secured finance to the rebranded successor company.

Carpetright is to reduce head office staff numbers by just over 25 percent as part of a restructuring exercise that reflects the wider downsizing of the business over the past decade. Store numbers, services and deliveries will not be affected during the process.

Upholstered furniture manufacturer Ekornes is to streamline its senior leadership team in a move that will save costs and speed up decision-making.

Three senior board members at Neptune became shareholders last year after earlier joining the £90 million furniture design, wholesale and retail group as part of a restructuring of the leadership team.

Blackbridge Furnishings, one of the strongest pound-for-pound furniture retailers in the U.K., booked higher retained earnings through 2022/23 as it continued to bolster its asset base.



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