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 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) 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.

Bed manufacturer and retailer Warren Evans booked six-figure profits last year as it made its third gain since the return of the London based brand.

The Harrison Spinks group and Vispring were among several home and contract furnishings companies honoured in The King's Award for Enterprise 2024, announced Monday.

The diversified floorcoverings group that owns the brand of the regional North East chain Frank's The Flooring Store returned to profit last year on strong top line growth.

Restructuring work helped the retailer behind the Flooring Superstore and Direct Wood Flooring brands cut losses last year.

The upholstery conglomerate behind multiple brands including Kuka Home has reported higher profits for the third consecutive year, as revenue returned to growth.

Ecommerce home platform Wayfair says it has taken further market share in the U.K. despite a decline in first quarter sales.

Leggett & Platt CEO on a tough European market and opportunities for the Kayfoam business in Ireland that it acquired in 2021.

The Dewsbury company behind the Bodyease mattress and motions beds brand booked a third straight gain in 2022/23 as earlier losses were consigned to history.

London Persian Rug Company has opened what it has described as the first ever large-scale warehouse in central London majoring in Oriental and Persian rugs.

Storied sofa brand John Sankey and sofa-in-a-box vendor Habbio have a new production arrangement in place after the latest insolvency afflicting a manufacturing licensing partner.

Profits at sliding storage and fitted furniture company IDS jumped by more than a third last year despite the tough market.

But Bacup trade foam and fibre fillings supplier maintains profits on lower sales costs and margin expansion.

Variety retailer Wilko has enlarged its entry-level furniture programme with new upholstery, beds and a first-ever launch into the fitted kitchens segment.

General merchandise retailer Next, one of the U.K.'s largest retailers of furniture, said full price sales were better than forecast in the three months to end April.

Furniture and home interiors retailer Graham & Green invested heavily in new assets last year but says capital expenditure will now take a "back seat" while it navigates through the difficult market.

Furniture retailer Vale Furnishers maintained underlying profits last year amid continued property trading and investment, and the planned exit from a leased store.

The number of U.K. housing transactions declined on a year-on-year basis for the 16th month in a row in March, according to new figures that augur ill for big-ticket sales.

The direct-to-consumer company behind the Kally Sleep bedding brand booked a heavy accounting loss in the period that saw its investment in rug seller Woven head south.

Howden Joinery Group (Howdens) says it has made an encouraging start to 2024 with underlying sales for the £2.3 billion vertical just above flat compared with last year.

U.K. consumers are trading down according to the owner of upholstered furniture brands Stressless and IMG, handing comparatively more business to larger retailers.

Wilton Carpets booked higher profits last year with the manufacturer also committing a seven-figure sum to capital expenditure.

Ron McMillan is to step down as chairman at home and fashion ecommerce retailer N Brown with effect from today (Apr. 30, 2024) with its CEO to become interim executive chair.

Oak Furnitureland has become the latest retailer to tactically deploy interest free credit (IFC) to stimulate demand — reintroducing a lower threshold proposition.

Sleepeezee donates to the British Heart Foundation while David Tracey raises cash for The Furniture Makers' Company.

Mattress, bedding and ancillary sleep products retailer Woolroom completed a half-decade of consecutive profits last year as it continued to eliminate early-stage losses.

The soon-to-be owner of retail chain Fabb Furniture was the biggest worldwide improver of more than 80 home furnishings equities tracked globally as investors lapped up its plans to expand into the U.K.

HMRC and a Manchester based bedding supplier face large six-figure deficits following the insolvency of a textiles supplier with a U.K. registered office in the North West of England.

Self-help measures helped Mohawk Industries find profit growth in the first quarter with the world's largest floorcoverings company believing the market has now troughed.

Consumer sentiment towards high-value items such as furniture and flooring remained weak in April but improved from a six-month low the previous month.

Argos pinned lower furniture and home sales on a warmer winter and hard market as the general merchandise giant looked to electricals to keep revenue within the same ballpark as last year.

Daniel of Windsor and Ealing has completed the last leg of a multi-year share buyback that concentrates ownership of the furniture, department store and bedding retailer.

Wickford-headquartered retailer Essex Furniture Outlets will open its fourth branch later this spring with a reconfigured 30,000sqft unit in Colchester.

The private equity owner of French bed manufacturing giant Adova Group has appointed one of its longtime executives as general manager.

£19 million Suffolk kitchen and housewares supplier returns to profit in 2023.

Profitability took a hit at Emma Sleep last year as reduced contribution margin negated rising output for the global direct-to-consumer and wholesale mattress brand.

A cyber attack against the I.T. systems of Carpetright and its sister brand The Floor Room has not compromised customer data, but is inhibiting their ability to take orders.

The allure of its brands and design archive helped Sanderson Design Group maintain profits in the past year as licensing gains offset weakness elsewhere in its business.

Revenue and adjusted profits climbed for mattress ticking conglomerate BekaertDeslee last year despite the challenging environment for its customers.

Outdoor living retailer White Stores is expanding its physical store footprint with the opening of a second dedicated furniture store in a play that builds out its clicks-to-bricks strategy.

Australian furniture retailer Nick Scali is to enter the U.K. market after agreeing to acquire Fabb Furniture, the retail chain formerly known as Anglia Home Furnishings (AHF). All the stores will be rebranded as Nick Scali.

Ecommerce-led furniture retailers saw sales decline at a faster rate than their predominantly store-based contemporaries in the first quarter of 2024.

Upmarket furniture-to-fashion retailer The White Company found sales growth last year, with apparel lines outshining its wide-ranging home furnishings programme.

The Cotswold Company is expanding into the Northern Irish market with an ecommerce launch that takes it beyond the U.K. mainland for the first time.

Ballymena cabinet maker and retailer Woodland Kitchens has acquired Dundee fitted furniture manufacturer JTC in a deal that creates a circa £50 million manufacturing operation.

Bed manufacturer and retailer Bensons for Beds has become the latest corporate member of The Furniture Makers' Company (TFMC), the industry charity and City of London livery.

The U.K.'s beds and mattress market has become more diluted compared with the pre-Covid period, but the leading 10 companies are still responsible for more than 50 percent of all sales.

The restructuring of the circa £10 million furniture, lighting and home décor brand CIMC Home prefaced the appointment of a liquidator at its predecessor operating company, court filings show.

Three furniture retailers under common control have withdrawn a cabinet programme from sale following a legal challenge by Core Products, the Scottish furniture supplier.

Mark Eastwood, Conservative MP for Dewsbury and chair of the All Party Parliamentary Furniture Industry Group (APPFIG), is to officially open the inaugural Furniture Component Expo in Telford this week.

A London based sofa-in-a-box brand founded in 2021 has raised more cash from investors via an equity issue that values the business at close to £6 million.

Stay informed. Subscriptions start from less than £2 per week:

Already a subscriber?    Sign In