- Details
- DEALS & FINANCE
Business group Inc & Co has been formally confirmed as the new owner of direct-to-consumer upholstery brand Maker&Son, as The Furnishing Report revealed nearly two weeks ago.
- Details
- CASE GOODS
Living, dining and bedroom wood cabinet import volumes declined double-digit in June after turning negative at the start of the second quarter.
- Details
- UPHOLSTERY
Hardwood cabinet chain Oak Furnitureland is adding new sofa ranges, ways to pay and product guarantees as part of a plan to build market share in what it called its growing upholstery business.
- Details
- UPHOLSTERY
Kellie Oliver has been appointed managing director at upholstered furniture supplier AMX Design, parent company TCM Living announced Monday.
- Details
- UPHOLSTERY
First half profits returned for the upholstery group behind the Alexander & James, Alstons and Ashley Manor businesses as it built sales momentum from the first quarter into the second.
- Details
- BEDS & MATTRESSES
The value of mattress imports into Britain climbed for the eighth month straight in June but the figures belie a downturn in volumes since the late spring.
- Details
- RETAIL & DISTRIBUTION
The value of shares in the U.K.'s two largest upholstered furniture retailers fell to levels not seen since the first lockdown last week amid continuing macroeconomic concerns.
- Details
- ECOMMERCE
An ecommerce company that sourced and sold responsibly-sourced U.K.-made cabinet furniture that was promoted via social media channels such as Instagram has been placed into liquidation.
- Details
- FLOORCOVERINGS
The quantity of carpets imported into the U.K. fell for the fifth month in a row in June with high product price inflation not enough to send the total value above the same period last year.
- Details
- RETAIL & DISTRIBUTION
Specialist retail investment firm Alteri Investors is beefing up its support for Bensons for Beds with fresh financial backing as the 170-store beds vertical continues to deliver its transformation plan.
- Details
- SUPPLY & WHOLESALE
Growth slowed to its weakest level in over a year for U.K. furniture manufacturers in a sign production is catching up with the backlog from earlier high demand.
- Details
- BEDS & MATTRESSES
Pan-European retail group Beter Bed Holding is mulling the launch of a new bedding brand as part of its plan to build a nine-figure Internet business within three years.
- Details
- DEALS & FINANCE
The terms of an investment in the direct-to-consumer adjustable furniture brand Willowbrook have been disclosed for the first time following a venture capital backed buyout late last year.
- Details
- RETAIL & DISTRIBUTION
EBITDA doubled to £2.18 million for the group behind an online vendor of mattresses from brands including Relyon, Jay-Be and Silentnight last year as it recouped sales lost during the pandemic.
- Details
- UPHOLSTERY
London based furniture company Andrew Martin International acquired a majority stake in a South Wales sofa manufacturer late last year, shortly before changes in its own ownership structure.
- Details
- RETAIL & DISTRIBUTION
Skandium, one of the best-loved names in the U.K. modern furniture and interiors retail sector, continued to build last year following a pre-Covid buyout led by a third-party vendor of Danish design classics.
- Details
- RETAIL & DISTRIBUTION
Mattress Online has acquired the premises of Sheffield bed retailer Eades & Co and will rebadge it as its first fully-branded store. It will become its third physical showroom overall.
- Details
- BEDS & MATTRESSES
Stoke bedding and upholstery components supplier Handy has secured a deal with an Italian partner that will see it offer customers fully-computerised foam cutting machinery on an exclusive basis.
- Details
- EVENTS
Associated Independent Stores (AIS), the host of the open-to-all INDX Furniture exhibition taking place later this month, has announced the speakers for its Retail Insights: Furniture Focus programme.
- Details
- RETAIL & DISTRIBUTION
Designer furniture, homeware and lifestyle retailer The Conran Shop has disclosed its first group financials since the U.K. headquartered international business changed hands at the outset of the pandemic.
- Details
- BEDS & MATTRESSES
The owner of the Premier Inn hotel chain has appointed Silentnight as its official bed supplier in a contract win that will add millions of pounds of turnover to what is already the U.K.'s largest mattress manufacturer.
- Details
- FLOORCOVERINGS
Listed flooring group Victoria has spent more in share buybacks in the past week than in the entirety of last year as it seeks to take advantage of a perceived undervaluation in its share price.
- Details
- BEDS & MATTRESSES
National retailer Bensons for Beds has raised £21,370 to help 100 children get a better night's sleep. It is part of a longstanding partnership with Absolute Radio's Cash for Kids charity.
- Details
- SUPPLY & WHOLESALE
Declining demand, rising costs and overall economic uncertainty across Europe will lead to a decline in PU foam production this year.
- Details
- BEDS & MATTRESSES
The National Bed Federation (NBF), the trade association for U.K. bed manufacturers and their suppliers, has appointed Tom Williams as its new sustainability and circular economy lead.
- Details
- DEALS & FINANCE
U.S. foam giant Carpenter offered to divest the U.K. comfort foam business of Recticel in order to get its takeover of the overall engineered foam. unit of the Belgian conglomerate over the line. But the offer didn't satisfy British authorities.
- Details
- SUPPLY & WHOLESALE
Shippers are moving product more reliably around the globe in a sign supply chains may be beginning to normalise, according to a leading provider of analysis and advisory services in the sector.
- Details
- ECOMMERCE
South East high-end furniture, home and lifestyle retailer raises fresh seven-figure equity funding, valuing the business at £19.5 million.
- Details
- FLOORCOVERINGS
The invasion of Ukraine by Russia has had a profound impact on the supply of engineered wood flooring according to a major U.K. supplier with worldwide sales north of £53 million.
- Details
- SUPPLY & WHOLESALE
Floorcoverings supplier Designer Contracts has opened a new facility in Berkshire that becomes its regional headquarters for the Western Counties area.
- Details
- UPHOLSTERY
Direct-to-consumer upholstery brand Maker&Son is understood to have found a new investment partner after closing in on a deal that ushers in a new era at the circa £25 million business.
- Details
- UPHOLSTERY
At the turn of the century upholstered furniture maker Vale Bridgecraft had more than 600 stockists, comprising many of the finest independent retailers across the U.K. and Ireland.
- Details
- UPHOLSTERY
An eight-day strike at the U.K.'s largest container port is likely to impact the upholstery sector more than others across the home furnishings industry.
- Details
- BEDS & MATTRESSES
West Yorkshire mattress components supplier BC Springs built cash and stock through 2021/22 in a period that also saw the business deleverage.
- Details
- RETAIL & DISTRIBUTION
General merchandise retailer Next and lifestyle group Joules are in discussions over an ecommerce collaboration and the former taking a substantial stake in the latter to boost liquidity.
- Details
- ECOMMERCE
Panther Logistics has become the sole delivery partner for My Furniture, the East Midlands based furniture retailer that trades online and from a large Long Eaton showroom.
- Details
- ECOMMERCE
Home goods giant Wayfair will delay market expansion plans in favour of reinforcing its position in the U.K. and Germany amid a tougher macro environment.
- Details
- DEALS & FINANCE
Leggett & Platt, the global maker of finished and semi-finished products for the bedding and furniture industries, has for the first time confirmed the value of its takeover of the Kayfoam Woolfson business last summer.
- Details
- UPHOLSTERY
Restructuring advisors have been called in to a 75-year-old upholstered furniture vertical that sells through a mix of its own-branded and run showrooms and via third party stockists.
- Details
- ECOMMERCE
A desire to shift excess inventory is encouraging furniture suppliers to lean into Wayfair's marketplace business model while end customers are showing signs of trading down as cost pressures mount.
- Details
- CASE GOODS
German furniture vertical Hülsta banked bigger profits at its U.K. retail and distribution arm in 2021 despite downsizing its shop footprint part way through the year.
- Details
- RETAIL & DISTRIBUTION
Major upholstery chain ScS says it still has an elevated order book compared with historic norms with the unwind of existing bookings to help it record profits ahead of market expectations.
- Details
- SUPPLY & WHOLESALE
A South Yorkshire based ready-to-assemble furniture maker recorded a bigger deficit in the period that led to an external furniture group acquiring a quarter of the business earlier this year.
- Details
- RETAIL & DISTRIBUTION
Fashion-to-furnishings retailer Next sold more of the former and less of the latter as it experienced a sharp reversal of last year's lockdown trends in the three months to July 30.
- Details
- SUPPLY & WHOLESALE
The London based company behind the Artisan Furniture brand recorded a fall in profits at its U.K. business in the 12 months to March 31 this year.
- Details
- CASE GOODS
The sale of property and chasing overdrawn loan accounts has left better prospects for the creditors of a once-sizeable U.K. bedroom furniture maker, even those holding no collateral.
- Details
- RETAIL & DISTRIBUTION
Official data shows the attrition rate through the Covid-19 pandemic has been steepest among medium-sized furniture retailers, with those with a turnover above £10 million having maintained their number.
- Details
- RETAIL & DISTRIBUTION
Shares in furniture and homeware retailer Made.com Group plumbed fresh depths with the market capitalisation of the business now close to the value of its most-recently disclosed cash balance.
- Details
- BEDS & MATTRESSES
Value of investments rise for owners of West Yorkshire memory foam mattress and bedding company.
- Details
- CASE GOODS
The U.K. finances of one of the trade's largest bedroom furniture companies are in better shape after its German parent company wrote off millions of pounds worth of intra-group borrowing.
- Details
- COMMUNITY
Some of the brightest new designers entering the industry will showcase their talent as The Young Furniture Makers Exhibition returns for the the first time in three years this autumn.
- Details
- RETAIL & DISTRIBUTION
Senior officials at bedroom and home office furniture chain Sharps retain a significant equity position in the c. £113 million turnover company following its sale by Sun European Partners late last year.
- Details
- UPHOLSTERY
Colin Day, the founder and previous owner of upholstered furniture manufacturer Whitemeadow, has died after a prolonged battle with cancer, his family has announced.
- Details
- BEDS & MATTRESSES
Direct-to-consumer and wholesale company Simba Sleep has launched the Simba Green Organic Go mattress, which it says is a lower impact product with half the carbon emissions of a traditional hybrid mattress.
- Details
- BEDS & MATTRESSES
Restructuring advisors say one of the U.K.'s largest regional bed retailers is keeping to the revised terms of a company voluntary arrangement (CVA) originally agreed with creditors back in 2018.
- Details
- FLOORCOVERINGS
The company behind smooth floorcoverings ecommerce brand Luxury Flooring & Furnishings has agreed a multi-year delivery contract with XPO Logistics.
- Details
- REGIONAL
Narrower gross margin and the write down of a loan balance from a company under common control softened the impact of a return to top line growth for the group behind Andersons of Inverurie last year.
- Details
- FLOORCOVERINGS
Carpet yarn spinner Lawton Yarns agreed a six-figure settlement to end a legal claim with its former owner Danspin in a deal cut ahead of its subsequent management buyout earlier this year.
- Details
- LEGAL & RESTRUCTURING
Creditors of a Leicester based interior design and fit-out company owed £1.3 million are left sweating on book debt collections after the company folded.
- Details
- RETAIL & DISTRIBUTION
Furniture and homeware brand Amara Living will this month launch its latest private label collection for the autumn winter seasons, with two more planned for early next year.
- Details
- SUPPLY & WHOLESALE
Fewer restrictions and a less onerous lockdown helped the wholly-owned U.K. arm of French furniture brand Ligne Roset return to growth last year.
- Details
- SUPPLY & WHOLESALE
Diversified Yorkshire cabinet group LPD saw its furniture division achieve eight figure revenue for the first time in the period leading up to a management buyout (MBO) this summer.
- Details
- RETAIL & DISTRIBUTION
A major operator of monobrand Natuzzi and other high-profile furniture brand stores across several key locations in the U.K. generated cash and delivered strong profits through 2020/21 trading.
- Details
- BEDS & MATTRESSES
West Midlands beds and upholstered furniture manufacturer Furmanac Group has appointed an experienced manufacturing executive as its new production director.
- Details
- TRADE & INDUSTRY
The furniture market worldwide has already rebounded well above pre-pandemic levels according to specialist research consultancy CSIL Centre for Industrial Studies.
- Details
- SUPPLY & WHOLESALE
Headlam, Britain's largest flooring wholesale group, has built up stock levels ahead of what it hopes will be busier trading months to come. It follows a revenue decline in the first half.
- Details
- UPHOLSTERY
U.S. headquartered upholstered furniture giant La-Z-Boy has disclosed the terms of the buyout of the Colne sofa maker Furnico—its longtime U.K. manufacturing partner—for the first time.
- Details
- BEDS & MATTRESSES
The CEO of Tempur Sealy International (TSI) says the number of acquisition candidates worldwide are growing as the world's largest bedding company announced a multi-million dollar investment in an emerging sleep technology platform.
- Details
- SUPPLY & WHOLESALE
The first new products since Birlea agreed a deal that sees it become the U.K. and Ireland distributor of Disney branded furniture are expected to arrive in the first week of October, its md says.
- Details
- SUPPLY & WHOLESALE
A longtime ready-to-assemble furniture manufacturing supplier to Amazon's U.S. platform has begun listing on the Internet giant's European's equivalent as part of a pilot programme.
- Details
- SUPPLY & WHOLESALE
Loaf has extended its home delivery contract with Wincanton for another three years, building on an existing partnership between the two companies already lasting the past six years.
- Details
- BEDS & MATTRESSES
A change in the shareholder structure at Sleepeezee has given senior management a stake in the company for the first time this century, as well as a major incentive to build the value of the Rochester bed manufacturer.
- Details
- SUPPLY & WHOLESALE
Profits climbed sharply last year for one of the principal actors in the delivery of bulky flat-pack furniture boxes to U.K. consumers. That was despite a fall in revenue.
- Details
- RETAIL & DISTRIBUTION
Plans to demolish the building housing the one-time Tapi Carpets & Floors store in central London will lead to the creation of a smart new retail store with consents for both furniture and floorcoverings trade.
- Details
- FLOORCOVERINGS
Steve Depport, head of the Metro Group, has been appointed a non-executive director at The Carpet Foundation, the industry group that promotes the use of carpet and those that sell it.
- Details
- UPHOLSTERY
Sales jumped £4.1 million for Long Eaton upholstered furniture manufacturer as it narrowed losses.
- Details
- UPHOLSTERY
Upholstery destined for customers of Maker&Son is being held back because of slow payment by the £25 million direct-to-consumer brand, which last night made a new court filing that gives it breathing space from creditors.
- Details
- REGIONAL
Thinner gross margin and higher costs impacted furniture trading profits at Surrey retailer Vale Furnishers last year, though an asset disposal meant its net result was still stronger.
- Details
- SUPPLY & WHOLESALE
Underlying sales climbed sharply at Northern Ireland based furnishing fabrics and household textiles supplier Ulster Weavers last year as it benefitted from its relationship with retail giant Dunelm.
- Details
- RETAIL & DISTRIBUTION
Nobilia, Europe's largest kitchen manufacturer, plans to take store numbers beyond 60 for its U.K. franchise brand with the addition of another nine new showrooms.
- Details
- SUPPLY & WHOLESALE
The acquisition and expansion of a new warehouse and distribution facility among other investments saw Liverpool home office and workplace furniture maker Dams spend almost £6 million on capex last year.
- Details
- RETAIL & DISTRIBUTION
Restructuring advisors at Kroll say they are still looking to generate bigger returns for the creditors of two historic British upholstery and beds retailers through a legal claim against a payments tech provider.
- Details
- SUPPLY & WHOLESALE
A Warwickshire supplier of outdoor furniture and living products to the likes of NEXT, Made.com and The Conran Shop saw profits jump by almost half last year.
- Details
- BEDS & MATTRESSES
Spinks, the diversified spring maker for beds, upholstery and other applications, has hired its first-ever global sales director.
- Details
- RETAIL & DISTRIBUTION
Consumer sentiment towards high-value items such as furniture, white goods and cars has improved for the first time in eight months according to a closely-followed poll.
- Details
- SUPPLY & WHOLESALE
Higher sales and an 810 basis point gross margin swing helped the U.K. wholesale and retail arm of cabinet furniture supplier Kettle Interiors to boost profits last year.
- Details
- RETAIL & DISTRIBUTION
Derek Hayes, whose business acumen, energy and passion saw him grow TR Hayes into one of the largest independent furniture retailers in the country, has died. He was 85.
- Details
- RETAIL & DISTRIBUTION
U.K. sales growth returned in the furniture and lighting category in June according to official retail sales figures out Friday morning from the Office for National Statistics (ONS).
- Details
- BEDS & MATTRESSES
Retail group Beter Bed Holding says the acquisition of a stake in a Polish bedding company is part of a plan to vertically integrate its value chain and give it more control over profit margins.
- Details
- RETAIL & DISTRIBUTION
High-end French furniture brand Roche Bobois saw its U.K. business recover compared with last year in the second quarter as shoppers returned to the capital in numbers.
- Details
- SUPPLY & WHOLESALE
Current incumbent to remain on the board but step down as chief executive at supplier with operations spanning the globe including the U.K. after he found his successor.
- Details
- TRADE & INDUSTRY
Twice as many furniture, flooring and furnishings companies called in restructuring advisors in the second quarter compared with the same period last year as the market took a downward turn.
- Details
- RETAIL & DISTRIBUTION
Eve Sleep says a number of potential suitors have progressed to due diligence stage as the direct-to-consumer and wholesale brand explores a possible sale of the company.
- Details
- RETAIL & DISTRIBUTION
Furniture and homewares retailer Dunelm has appointed Whitbread Plc CEO Alison Brittain as non-executive director and chair designate, expected to succeed Andy Harrison ahead of the expiry of his nine-year term in just over a year.
- Details
- SUPPLY & WHOLESALE
Rising sales and wider gross margin helped Coventry kitchen furniture manufacturer Burbidge return to profit at the EBITDA line last year and narrow its net loss at group level.
- Details
- RETAIL & DISTRIBUTION
The managing director of regional bed chain Sussex Beds has confirmed its next two store locations as it follows through its plan to build an 80-store business within a decade.
- Details
- RETAIL & DISTRIBUTION
Kitchen retailer Magnet has opened the first of three new concept stores ahead of a planned rollout of the format across its nationwide showroom portfolio.
- Details
- BEDS & MATTRESSES
Ergomotion has launched its new programme of smart and adjustable beds for the European and Middle Eastern markets including what it says is the first in the sector to be connectable with Garmin wearables.
- Details
- REGIONAL
North West whole-home retailer Ashton Discount Warehouse is closing down permanently to facilitate its owners' retirement, bringing an end to almost 60 years in business.
- Details
- SUPPLY & WHOLESALE
The owner of outdoor furniture and living retailer Garden Trading says its bottom line will come in ahead of market expectations as a consequence of additional cost reductions.
- Details
- RETAIL & DISTRIBUTION
Furniture and carpet consumer price inflation ratcheted back up again last month according to figures out Wednesday morning from the Office for National Statistics (ONS). It follows a brief respite in the upwards momentum in May.
- Details
- SUPPLY & WHOLESALE
Britain's antitrust regulator has elevated its investigation into the takeover of Recticel's engineered foam unit by Carpenter to an in-depth Phase 2 inquiry, heightening the possibility that parts of the deal affecting the U.K. will either not happen or be reversed.
- Details
- RETAIL & DISTRIBUTION
Furniture and homeware retailer Made.com Group (Made) is to review its operational structure and headcount as it looks to find cost savings after worsening consumer sentiment hit sales.
- Details
- FLOORCOVERINGS
Acquisitions helped Victoria, the diversified international flooring manufacturer and distributor, to book more than £1 billion of sales for the first time in its history in the past year.
- Details
- SUPPLY & WHOLESALE
Rachel Conroy, founder and CEO of Gateshead contract furniture supplier HLF, has been included in a prominent business magazine's 35 Women Under 35 2022 list — a rundown of high achieving business leaders.
- Details
- BEDS & MATTRESSES
Longtime consultant Martin Adams has formally joined the leadership team at ecommerce retailer Mattress Online, becoming its first-ever chief innovation officer.
- Details
- COMMUNITY
Industry charity The Furniture Makers' Company is inviting the trade's human resource professionals to a free conference to learn about the charity’s welfare support and how it can benefit the lives of employees who might be struggling due to the cost of living crisis.
- Details
- BEDS & MATTRESSES
The National Bed Federation has announced the names of the nine manufacturer and supplier members that are sponsoring this year's Bed Show and Awards programme.
- Details
- COMMUNITY
La-Z-Boy is to expand a 14-year partnership with Ronald McDonald House Charities by fundraising for the organisation in this year’s TCS London Marathon.
- Details
- UPHOLSTERY
Upholstered furniture shipments into the U.K. jumped sharply at the height of spring as retailers here began to receive goods ordered weeks and months earlier.
- Details
- RETAIL & DISTRIBUTION
A turnaround expert appointed by the owners of upmarket furniture and interiors retailer OKA has additionally taken on chief financial officer duties on an interim basis.
- Details
- CASE GOODS
The volume of Chinese cabinet shipments arriving in the U.K. fell by more than a quarter according to new trade data as buyers here looked to replenish stock from European sources instead.
- Details
- RETAIL & DISTRIBUTION
Retailers DFS and Dunelm saw year-long low trades in their shares on Friday before both retailers recovered to make small gains on the day. Shares in Made.com closed at an all-time low.
- Details
- EVENTS
Exhibitors and visitors struck an upbeat tone amid high temperatures at Home & Gift, the four-day fair which opened its doors at the Harrogate Convention Centre on Sunday.
- Details
- RETAIL & DISTRIBUTION
ScS has promoted flooring director Dean Weston to a new and more all-encompassing retail role as part of a number of changes to the management team that also sees a new brief for trading director James Heese.
- Details
- BEDS & MATTRESSES
Foam and sprung mattress imports into the U.K. declined on a volume basis in May on weak data from the two largest sources of overseas made product.
- Details
- FLOORCOVERINGS
Carpet import volumes declined for a third straight month in May on the back of weaker trade with Belgium, historically the U.K.'s largest trading partner.
- Details
- UPHOLSTERY
A major upholstery group that fell into administration two years ago should have been alerted far earlier to the imperilled financial situation of its largest customer.
- Details
- COMMUNITY
Two of the largest fundraisers in the furniture industry calendar have yielded close to £40,000 for The Furniture Makers' Company, the charity and City of London Livery.
- Details
- RETAIL & DISTRIBUTION
Home and garden retail giant IKEA will add a new click-and-collect building adjacent to its 139,000sqft Wednesbury store in anticipation of more of its customers pivoting online.
- Details
- DEALS & FINANCE
Maker&Son, the heavily-backed direct-to-consumer furniture brand previously cited as an emerging threat by major U.K. retail chains after a growth spurt during the pandemic, could soon change hands.
- Details
- RETAIL & DISTRIBUTION
Upholstery and flooring retailer ScS has opened a new concept store featuring a series of technological enhancements, a first public airing for a new product tie-up with the U.K.'s largest home interest magazine, and a wider home offer.
- Details
- BEDS & MATTRESSES
GNG Group says its new mattress manufacturing facility in West Yorkshire is now fully operational and expected to add at least 50 new jobs by the end of next year.
- Details
- RETAIL & DISTRIBUTION
Modern furniture and design retailer Heal's has strengthened its online team with the appointment of Mark Hammond as head of ecommerce.
- Details
- RETAIL & DISTRIBUTION
Furniture and homeware retailer Loaf says its long-planned Edinburgh showroom will become the largest in its portfolio when it opens later this year.
- Details
- SUPPLY & WHOLESALE
Furniture factory output in the U.K. continued to run at record levels according to new May data with manufacturers racing to unwind big order books as a result of earlier demand.
- Details
- EVENTS
The next edition of the London Fabric Show will take place at the ILEC Conference Centre in the capital from February 28–March 1, 2023 organisers have confirmed.
- Details
- RETAIL & DISTRIBUTION
National beds and bedroom retailer Bensons for Beds will next week move into a new Yeovil store, located adjacent to its former unit in the South West town.
- Details
- REGIONAL
Privately-owned furniture and flooring retailer Toons Home Furnishers traded strongly through 2020/21 with six-figure profits and strong cash generation.
- Details
- FURNISHINGS & ACCENTS
Private equity backed household and contract textiles wholesaler Whyte & Ivory says sales have hit eight figures for the first time after stellar international growth, particular in the U.S.
- Details
- DEALS & FINANCE
The owners of motion beds and upholstery group Furmanac say the West Midlands manufacturer will be a stronger business as a result of a planned corporate restructure.
- Details
- UPHOLSTERY
Experienced furniture industry executive Simon Davies says he is excited and energised to be joining TCM Living, the sofa group behind brands including Ashley Manor and Alexander & James.
- Details
- SUPPLY & WHOLESALE
Underlying revenue across the eFulfilment division of logistics group Wincanton edged ahead in the first quarter of its financial year despite the wider market slowdown in online activity.
- Details
- TRADE & INDUSTRY
Online interior design platform My Bespoke Room saw a big downturn in demand ahead of a cut-price deal to sell the business to an emerging property portal late May.
- Details
- RETAIL & DISTRIBUTION
Demand for furniture and homeware continued to flag in June according to new industry data from the British Retail Consortium (BRC), the membership group that lobbies on behalf of the retail sector.
- Details
- RETAIL & DISTRIBUTION
The South East of England has seen furniture store numbers dwindle at twice the pace of the U.K. overall in the past five years as both independents and multiples re-assessed the region. London proved the exception.
- Details
- RETAIL & DISTRIBUTION
The franchise group behind the United Carpets & Beds retail format returned to profit in 2020/21 in its first results since it left the stock market. It was helped by robust post lockdown demand, wider margins and reduced bad debt.
- Details
- UPHOLSTERY
The managing director of Mobus Fabrics says its sustainable, environmentally friendly flame retardant coating GreenFR has created a buzz in the retail sector and is now the main FR finish applied by the West Yorkshire supplier.
- Details
- LEGAL & RESTRUCTURING
The owners of a London based interior design group providing retail and design services to private clients across the world have reorganised through a newly-incorporated company.
- Details
- RETAIL & DISTRIBUTION
Still-expanding floorcoverings retailer Tapi Carpets & Floors is opening its eighth store this year with a former bed shop unit that takes its total across Great Britain to 170.
- Details
- RETAIL & DISTRIBUTION
Nest, one of the most prominent modern furniture retailers in the North of England, followed strong trading through lockdown with another positive period in the year to April 30, 2022 — ahead of its planned showroom relocation.
- Details
- UPHOLSTERY
Multichannel upholstery retailer Designer Sofas For You (DesignerSofas4u.co.uk) sits within a new corporate structure after its shareholders reorganised their business interests.
- Details
- RETAIL & DISTRIBUTION
The cash for a new capital raise at an expanding beds and bedding ecommerce business was provided by the company's existing sole shareholder, who has ties to historic furniture industry brands.
- Details
- RETAIL & DISTRIBUTION
Shares in Made.com yesterday declined to their lowest level since the furniture and homeware retailer floated on the London Stock Exchange and are now worth a little over a fifth of their IPO value.
- Details
- RETAIL & DISTRIBUTION
The rising cost of shipping goods from the east chipped almost seven percentage points off gross margin for the retailer behind the Garden Furniture World ecommerce brand last year.
- Details
- BEDS & MATTRESSES
The owners of Sealy U.K. have recapitalised the Aspatria bed manufacturer with a further debt investment as it laid down a marker in the first period since Silentnight sold the business.
- Details
- BEDS & MATTRESSES
Wider gross margin helped the company behind the Beds.co.uk retail website remain profitable last year against a backdrop of weakening ecommerce sales after an earlier boom.
- Details
- RETAIL & DISTRIBUTION
Consultants acting on behalf of upmarket furniture brand have planning request refused by London Borough despite precedent set by another retailer on the same road.
- Details
- RETAIL & DISTRIBUTION
Ecommerce-led retailer Mattress Online has expanded its distribution capacity and announced new and important hires across its digital and commercial operations.
- Details
- RETAIL & DISTRIBUTION
The creation of a new 50/50 joint venture that sees one of the world's largest furniture retailers further expand its store footprint across Europe has been waved through by antitrust regulators.
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