A downward gear shift to more normal trading levels after the Covid period saw revenue and profits decline for three-store Northern Ireland furniture retailer CFC Interiors in the year to February 28, 2023.

Foam and sprung mattress imports into the U.K. climbed for the fourth straight month in October, reaching the second highest level in history.

Shipments of wood living and dining cabinet fell by just over a third on last year in October as weak demand combined with strong comparative figures.

Upholstered furniture imports into the U.K. climbed for the first time in 11 months in October, propelled by trade with Italian and Chinese producers. Imports from Poland continued to lag year-earlier levels.

Britain's biggest floorcoverings wholesaler has agreed a settlement with insurers, nearly two years after the fire that destroyed its MCD Kidderminster distribution centre in December 2021.

The U.K.'s largest BoConcept franchisee has expanded its retail footprint with the opening of its first concession inside a Fenwick department store, and the second for the brand overall.

A large increase in trade with Turkey helped power a first rise in the value of carpet imports in four months in October. Volume growth was even stronger.

Turnover at the factory gate declined for the seventh straight month in October on a year-on-year basis, but at the shallowest rate since May.

The Furniture Makers' Company, the industry charity and livery company, has raised over £11,000 from its festive online auction, beating the target set before it began last month.

Trading conditions returned to more normal levels at home department store retailer Housing Units through 2022/23 with its CEO saying further investment has left it well placed for the years ahead.

The heavily-leveraged balance sheet of cabinet and upholstery retailer The Cotswold Co is to be transformed after shareholders agreed to waive all interest accrued on loan notes as part of a major refinancing exercise.

The decision to absorb rising raw material and labour costs saw La-Z-Boy's wholly-owned U.K. manufacturing company slip to a loss last year, but cash generation was strong and underlying sales were up double-digit.

National retailer Furniture Village has been recognised three times at this year's Best Companies Awards, including winning the Special Award as the Best Improver 2023.

Tony Lisanti is stepping down as Airsprung Group chief executive, with oversight of the bed and upholstery manufacturer passing to chief operating officer Tean Dallaway.

The company behind multi-million pound direct-to-consumer bedding brand Groove Pillows has stopped taking orders and been placed into liquidation.

Ross Fabrics, a key cog in the U.K. sofa manufacturing supply chain, said volumes returned to pre-Covid levels in the year to end March, adding that the cost-of-living crisis was starting to have an impact towards the end of the period.

Losses narrowed at the David Phillips Furniture group in the year to end March as it found margin after a price reset and placed greater emphasis on residential real estate such as supplying the build-to-rent sector.

Multichannel housewares retail brand Sophie Allport said it will look to find cost savings after harder trading conditions through 2022/23 led to falling sales and a net deficit.

David Phillips, the specialist furnishing services provider for developers, investors, estate agents, property managers and landlords, has disclosed the terms of its buyout of furniture rental provider Monty Space.

Furniture and soft furnishings chain Harry Corry Interiors generated almost £5 million of operating cashflow for the second straight year but reported profits declined on rising costs and thinner margins.

Furniture retailer Made.com (Made) is returning to an old hunting ground with the opening of its second brand showroom since its relaunch under the custodianship of Next earlier this year.

Value furniture chain JYSK has now reported losses in every year bar two since it arrived in the U.K. 15 years ago as rising operating costs including a higher rent bill vaporised the profits of the Covid-period.

Liquidation impacts around 20 jobs at East of England kitchen, bedroom, home study maker and retailer.

The West Midlands manufacturing group behind contract seating brands Boss Design, Jack Cartwright and Lyndon Design booked higher profits through 2022/23 but says repeating the feat will be trickier in the new financial year.

Expanding furniture and furnishings retail chain NCF Living is to further build out its store footprint after taking another former Harveys unit.

A wholly-owned Natuzzi subsidiary that runs three of the Italian upholstery company's stores in London returned to profit last year after it booked the revenue from unwinding its large order book.

The ambitious ecommerce homewares retailer that rescued £2 million furniture retailer Shabby in early 2022 slipped to a deficit in the first full year since completing the asset buyout.

The integration of an acquisition and a new startup soft furnishings manufacturing venture helped North West fabrics group Panaz grow through 2022/23. But rising costs meant profits flatlined.

Furniture retailer Cotswold Company is to open its ninth full-line store and its 12th overall including outlets with the launch of a showroom in Bath next Thursday (Dec. 14, 2023).

Independent furniture retailer Arighi Bianchi is to use its Park Lane warehouse in Macclesfield as a clearance store, opening up once a week to sell ex-display and end-of-line products as well as goods with small defects.

Fabb Furniture cut its net loss through 2022/23 as the retail chain maintained top line momentum and benefitted from a landlord compensating it for exiting a store lease ahead of time.

Beds, furniture and property entrepreneur Andrew Perloff has made additional seven-figure debt finance available to retailer Fabb Furniture in the past year.

The take-private deal of mainland European retail and wholesale group Beter Bed Holding by a venture capital group is substantially complete after almost all existing shareholders agreed to tender their shares.

Multi-site flooring wholesale group Likewise said year-to-date revenue remained up double-digit by November but the rate of growth has fallen 4 percentage points since the date of its half-year results.

The Furniture Makers' Company (TFMC), the industry charity and livery company, on Tuesday night named the recipients of its 60 for 60 Awards — championing a potential new generation of future leaders.

The number of furniture retailers with sales north of £1 million has climbed by a fifth in the past year, as price inflation and post-lockdown demand combined to elevate more companies into seven-figure businesses.

Outdoor furniture supplier Alexander Rose has cut inventory levels by more than a third over the past six months as the business returned to profit after the disruption of the immediate post-Covid period.

A wholly-owned U.K. retail subsidiary of high-end French furniture brand Ligne Roset was loss making again in the past year after it had previously ended a run of five straight trading deficits.

Furniture and homeware retailer Dunelm has continued to expand its horizons beyond out-of-town retail parks with the opening of another large in-town former department store unit.

Workplace furniture maker Orangebox returned to profit through 2022/23 as the impact of increased top line activity and royalty revenue filtered through the income statement.

Agents have cleared the last remaining stock of the predecessor Made.com company following the furniture retailer's collapse into administration a year ago.

Designer furniture and homeware retailer The Conran Shop is to close its circa £13 million business in France, bringing an end to three decades of trade.

Upholstery and curtain fabrics wholesaler Fryetts said it continued to perform well through 2022/23 despite the recent economic uncertainty, with net margins remaining in double-digit percentages.

The largest private shareholder in Established & Sons has increased the size of his stake in the designer furniture, lighting and homewares company.

Polish sofa manufacturer Tessa Group has taken a significant minority stake in Sofa Club, the fast-expanding upholstered furniture retailer that sells online and through lounges in major U.K. shopping centres.

Major independent furniture retailer Lee Longlands plans to expand its footprint with the opening of two new stores inside the next 15 months, the first of which is slated to open just after Christmas.

Industrial giant Vita Group, whose diversified activities span semi-finished and finished products ranging from PU foam to mattresses and underlay, has disclosed the sale price for the disposal of a French subsidiary which completed earlier this year.

Experienced furniture industry executive Bo Simonsen has become group sales director at The Sofa & Chair Company, the London based upholstered furniture manufacturer and retailer.

Outdoor furniture supplier Alexander Rose booked a large deficit in the 18 months to end February 2023 as delayed containers led to cancelled orders along with elevated demurrage and storage costs.

The West Yorkshire company behind the Bedmaster mattress and beds manufacturing brand invested heavily in stock last year in a period where sales were flat and profits declined.

Residential property transactions, considered one of the best foretellers of future demand for home furnishings such as furniture and flooring, declined sharply in October.

Furniture and electricals retailer Harvey Norman has seen sales in Ireland weaken in the past two months, but the negative trend has softened at its smaller Northern Ireland based operation.

The insolvent restructure of the Pagazzi Lighting retail business earlier this autumn resulted in the closure of three of its stores, administrators have said in a new report.

Value furniture and homeware retailer JYSK opened 135 new stores in the past year and says it expects to pull the shutters up on at least as many again by the end of next summer.

Lancashire fitted furniture components supplier HPP booked lower profits through 2022/23 as higher output was outweighed by rising costs.

Liverpool furniture, home and garden retailer Taskers said margins were negatively impacted through 2022/23 as it bore additional freight costs of about £1 million. It said it hopes for a recovery now that rates have normalised.

Wooden beds and mattress vertical Get Laid Beds continued to rack up class-leading profits through 2022/23 as high export demand mitigated weaker figures from the U.K.

The carve-up of the adjustable furniture retail group that until earlier this year traded as Middletons and Oak Tree Mobility has led to improved profitability and a better-equipped platform for growth, its owner has said.

A Worcester company incorporated at the turn of the year has been formally told to change its name at the behest of La-Z-Boy Manufacturing U.K., the Lancashire manufacturing arm of U.S. upholstered furniture brand La-Z-Boy.

Ingka Group, the largest worldwide IKEA retailer, saw profits climb five-fold in the year to end August. The proceeds will be reinvested, shared with its employees, and go towards charitable endeavours, the company said.

Restructuring advisors have been called in at Vivense London, a two-store furniture, lighting and homeware retailer that arrived in the U.K. amid multi-million pound investment during the pandemic.

Victoria sold 175,000sqft former Westex carpets factory last year, but sale price hadn't previously been disclosed.

The chief executive of Natuzzi has detailed other assets that the Italian sofa maker and retailer might consider selling to raise cash, in addition to its iconic High Point building.

Flooring trade buyers looking to comprehensively scour the market for new products face a tight January schedule with two major concurrent international events each saying they will host a wide array of exhibitors.

Optimism among furniture makers about the trading environment has faded according to an updated poll of its members by the trade association British Furniture Manufacturers (BFM).

Flooring conglomerate Victoria last week recouped tens of millions of euros after closing a transaction to sell off surplus property in Belgium acquired as part of its takeover of Balta's rugs and U.K.-oriented broadloom carpet activities last year.

Bolia, the modern upholstery, cabinet and accents retail brand that has been present in the U.K. market since 2016, has reported its first loss in 14 years.

The owners of ecommerce furniture and home brand Laura James say the business is on target to eliminate the losses of the past two years after management change, and investment in both new technology and infrastructure.

The executive chairman of Victoria has moved to reassure investors regarding the resignation from the board last week of the co-founder of one of the flooring group's largest shareholders.

Incanto Group, once one of the largest upholstery suppliers to the U.K. market, will bring its Sofitalia brand back to these shores for the first time in ten years in early 2024.

Natuzzi said it did not deliver enough revenue to break even in the third quarter as it lapped an exceptional period last year and endured weak macro economic conditions in markets worldwide.

Upholstery and flooring retailer ScS has appointed Phil Geary as chief marketing and digital officer, filling a post vacated earlier this month after Kyle Rowe took a new position elsewhere.

Beds market leader Dreams has launched a programme of beds and bedroom furniture in partnership with X Rocker, the global gaming furniture brand.

The rebuild of Made.com took another leap forward this weekend after brand owner Next launched the first standalone store for the furniture retailer banner under its stewardship.

Revenue returned closer to pre-pandemic levels for Suffolk bed maker Mansion House Bedding Group through 2022/23 thanks to increased demand from the contract sector. Profits declined on higher costs and investment.

November saw the largest single-month improvement in consumer confidence for major purchases since June 2020, giving retailers a boost going into the final weeks of the year.

Online general merchandise retailer Very said its indoor furniture sales performance was "significantly ahead of the market" through the three months to end September.

Output declined double-digit through 2022/23 for Flameproofings, a market leader in the supply of flame retardant fabric coatings for the upholstered furniture industry.

A small West Yorkshire manufacturer of modular sofas and upholstered bed frames has been placed into liquidation within eight months of an ownership change.

Higher costs weakened margins at specialist furniture and bedding retailer Futon Company in the past year, despite another all-time high sales effort.

Home and garden retail giant IKEA has launched a mattress recycling scheme in partnership with The Furniture Recycling Group.

The Furniture Market, one of the U.K.'s largest ecommerce furniture retailers, invested heavily in new delivery vehicles and infrastructure last year as it continued to achieve profitable momentum.

The National Bed Federation (NBF) has issued an urgent call to bed manufacturers and retailers to watch out for and report fraudulent emails purporting to be from the trade association.

JPL Upholstery, a circa £5 million turnover recliner and sofa maker that was producing three models for one of the country's largest furniture retailers, has been placed into liquidation.

Flexlux, the modern chair and sofa brand from Danish upholstery producer Theca, will enjoy its largest U.K. retail trade audience yet when its makes its January Furniture Show debut early next year.

Floorcoverings conglomerate Victoria has reported a half-year net loss of £22.5 million on weak demand, higher finance costs and a slew of underlying restructuring line items.

Alteri Investors has detailed the total cash amount it has invested, loaned or contributed so far into the vertically-integrated Bensons for Beds operation, the U.K.'s second largest retailer in the beds category.

Fritz Hansen, the designer furniture maker whose products are sold through some of the U.K.'s sharpest modern retailers, has appointed Henrik Steensgaard as its new chief executive as it looks to return to profit.

Large independent furniture and flooring retailer John Doe of Diss leaned into its credit facilities through 2022/23 amid investment in new assets and the pay-down of trade obligations.

Antony Batty & Co appointed at South West floorcoverings retailer on Monday following notice of intent filing ten days ago.

The Conran Shop has opened its first location in the Middle East with a new store in the largest shopping mall in Kuwait.

Furniture retailer Barker and Stonehouse has begun testing and selling a curated selection of products on the ecommerce platform of Next, the general merchandise retail giant.

Vertically-integrated bed manufacturer Naturalmat has opened its first store in the North of England after taking a former Laura Ashley home furnishings and fashion unit.

German kitchen giant Nobilia is closing in on 80 stores for its franchised Kutchenhaus brand with another nine locations slated to open soon, adding to those already opened so far this year.

The group behind historic furniture, kitchens and appliance retailer Knees Home and Electrical narrowed its net loss on higher revenue through 2022/23, ahead of the closure of one of its Wiltshire stores.

Emerging beds retailer The Sleep Haven has followed its late-September launch in Yorkshire with the opening of a second unit, this time on the Riverside Retail Park at Warrington.

Designer furniture, homeware and lifestyle retailer The Conran Shop has received further equity funding from its owner, taking the amount beyond £10 million already this year.

A third senior company official earlier this year became a shareholder in Loaf, the expanding furniture retailer backed by investment firm Blue Coast Capital.

A fourth West Midlands upholstery company managed by former suppliers to Walmsley's has entered insolvency, leaving creditors owed the thick end of £1 million.

Upholstered furniture manufacturer Man Wah Holdings has confirmed it plans to appeal a judge's ruling in the U.S. that it should pay damages to a former supplier after an intellectual property (I.P.) dispute.

EZ Living Furniture is to open a purpose-built store on arguably the most lucrative piece of real estate for comparison goods in all of Northern Ireland after state officials granted planning approval.

U.K. and Ireland revenue almost halved for the owner of the Stressless and IMG upholstered furniture brands in what proved a challenging third quarter.

Upholstered furniture imports into the U.K. continued to trend down in September as they lapped record levels of trade last year.

The year-on-year value of furniture and lighting sales climbed in October according to the Office for National Statistics (ONS), though it revised down earlier figures.

Near £1 million gain for the Cradley Heath supplier to U.K. upholstered furniture manufacturers and re-upholsterers.

Salvation Army Trading Company is seeking to expand its corporate partnership network by teaming furniture retailers requiring solutions for unwanted or end-of-life products.

Shipments of living and dining wood furniture arriving into the U.K. continued their year-long tumble in September, falling sharply on the same month last year.

Man Wah Holdings, the Hong Kong listed upholstered furniture conglomerate, booked higher first half profits despite revenue continuing to slide on the back of weaker trade with its biggest export market.

Foam and sprung mattress imports into the U.K. were higher for the third consecutive month on a year-on-year basis in September.

Property agents handed a privately-owned Devon and Dorset department store retailer a boost after an upwards revaluation of its freehold assets.

Thailand's Central Group is to become the majority shareholder of U.K. and Ireland retailers Selfridges, Brown Thomas and Arnotts after it exchanged debt for equity in the department store group.

Global foam manufacturer Carpenter has become the latest headline sponsor of the Furniture Component Expo, the new event organised by the British Furniture Manufacturers' (BFM).

A summer softening in demand impacted third quarter revenue at the upholstered furniture group behind Alstons, Ashley Manor, AMX Design and Alexander & James, but margin expansion mitigated the effect on earnings.

Consumer furniture price inflation eased to its lowest level in 34 months in October as the falling away of upstream supply chain pressure combined with a desire to stimulant weak demand, prompting price cuts.

Bedroom cabinet furniture imports into the U.K. declined double-digits in September with Brazil proving the outlier after a climb in the value of container loads of products arriving from South America's largest country.

Carpet imports into the U.K. declined for the third straight month on a value basis in September and at a steeper rate than in the year so far.

Four-store South East England bed specialist Hamseys Sleep Centres recorded higher year-on-year profits, though cash declined as it paid down outstanding liabilities.

Dorlux, the 104-year-old bed brand that has been largely absent from the U.K. market for most of the past decade, is set to return.

The Manchester upholstered furniture manufacturer behind brands including The English Sofa Company and The Chesterfield Company paid down debt last year as it continued to register six-figure profits.

Italian fashion brand Dolce & Gabbana has opened two showrooms in London for its furniture-and-home-oriented Dolce & Gabbana Casa brand. One is a dedicated boutique, with the other described as a corner within Harrods.

Flooring supplier Victoria received almost universal backing from shareholders to accept the company's 2022/23 accounts and reappoint its auditor on Monday, but its share price fell sharply, paring back recent gains.

Long-held ambitions for an IKEA store in Sussex have moved a step closer after its affiliate Ingka Centres tied up a property deal for the largest shopping centre in Brighton.

High-end furniture retailer RH pumped tens of millions more pounds into its U.K. operation through capital expenditure in the year leading up to the opening of its first gallery here earlier this summer.

Upholstery market leader DFS is expanding its store footprint in the capital after agreeing to take over a former Argos unit.

Devon bed maker Vispring is following the launch of its flagship central London showroom with the addition of a second, further west.

One of the largest single-store carpet retailers in the South West of England faces an uncertain future after administrators were lined up to take control of the company's affairs late last week.

The scion of a Chinese domestic appliance conglomerate is to acquire a controlling stake in Jason Furniture (Hangzhou) Co, one of the world's largest upholstery producers and a major white-label sofa source for large U.K. retailers.

Norton Group Holdings, parent to home and leisure retailer The Range, has agreed £255 million of new bank loans since the start of last year amid investment in its new 1.2 million sqft group distribution centre in Stowmarket.

Upmarket furniture design, wholesale and retail group Neptune has pinned a hefty 2021/22 loss on shipping cost inflation but says it has made a swift return to profit after making cost savings and restructuring its leadership team.

U.K. furniture manufacturers recorded an eighth straight year-on-year decline in turnover at the factory gate in September according to new official data out Friday morning.

The privately-owned flooring group behind regional distributors such as Pennine Flooring, Volante and Planners Services booked lower profits last year as rising costs mitigated the impact of higher output.

Global Components (UK), the West Yorkshire based bed, mattress and upholstered furniture components supplier, booked lower profits last year on rising costs and falling revenue.

Airsprung Group has restructured its management team with new group roles for the managing directors of its Airsprung Beds and Gainsborough Beds business units.

London based upholstered furniture manufacturer and retailer The Sofa & Chair Co has so far kept to the terms of a company voluntary arrangement (CVA) agreed with HM Revenue & Customs and other creditors a year ago. It follows the finding of cost savings and space consolidation.

Upholstered furniture manufacturer Buoyant has bolstered its design and development team with two key hires arriving from rival sofa companies.

The current fair value of BoConcept, the international urban furniture brand, has declined for the second time inside 12 months as macro-economic pressures hit consumer spending.

Half-year profits jumped for retail giant Marks & Spencer (M&S) as it made revenue gains in categories including food and fashion.

Beds market leader Dreams and housing and homelessness charity Shelter have launched a children's book aimed at breaking the stigma of families who are homeless in temporary accommodation.

Tapi Carpets & Floors is closing in on 180 stores nationwide after it last weekend bolstered its presence in the North West of England.

National bed specialist Bensons for Beds has said it achieved like-for-like sales growth in all four quarters of its 2022/23 financial year, and returned to profit.

Historic furniture company Reynolds was one of the standout pound-for-pound retailers of the pandemic period, booking seven-figure profits for the third straight year in 2022/23.

Independent furniture retailer Vale Furnishers has announced the planned closure of its Farnham store, with the lease on the East Street premises soon to expire.

YouTube review adverts extolling the virtues of Emma mattresses from a website controlled by an Emma Sleep subsidiary have fallen foul of marketing guidelines, the Advertising Standards Authority has ruled.

Associated Weavers says the launch of its new state-of-the-art warehouse in Northampton can help it recover share lost in the cut-length market segment as a result of events outside its control.

A North West based manufacturer of contract quality beds and mattresses for the hotel, leisure, care and education industries has been placed into liquidation, leaving seven-figure debts.

Next's wholly-owned South Yorkshire sofa factory has registered its highest output since the general merchandise giant first started the endeavour seven years ago.

A French retailer with a U.K. turnover of £75 million has agreed to pay damages and costs to Cambridgeshire cabinet furniture supplier Teemo Designs after an intellectual property (I.P.) dispute.

West Elm's U.K. retail operations recorded EBITDA of £3.4 million through 2022/23 despite reduced output as it closed one store, cut the lease term on another, and exited its wholesale agreement with John Lewis.

Higher costs resulted in lower profits for the Ulster Stores group ahead of the closure of its dedicated ecommerce beds and bedding business unit earlier this year.

Clarion Events says exhibition space in Hall 1 of the January Furniture Show has now sold out, more than two and a half months before the doors to the event open.



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