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- TRADE & INDUSTRY
SATRA Technology, the research and technology organisation, has become a corporate member of The Furniture Makers' Company, the industry charity and City of London livery company.
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- RETAIL & DISTRIBUTION
U.K. profits almost trebled for West Elm as the furniture retailer enjoyed a big bump in revenue in the period leading up to the pandemic. Sales and cashflow since have been helped by its growing ecommerce business.
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- SUPPLY & WHOLESALE
U.K. furniture manufacturers' output was down by more than a fifth in 2020 after falling in 11 of the 12 months of the year as the industry grappled with the virus and restrictions on trade.
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- FLOORCOVERINGS
Retail demand returned strongly after the first lockdown last year but the chairman of Ulster Carpets says the future is less certain for contract markets because of the effect of the pandemic on the hospitality sector.
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- RETAIL & DISTRIBUTION
Leekes Retail and Leisure Group has bolstered its senior leadership team with the appointment of Joanna Littlejohn, its director of buying and merchandising, to its main board.
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- DEALS & FINANCE
Ingka Investments, the Netherlands based operator of 378 IKEA stores worldwide, is to acquire a 49 percent stake in Ikano Bank with the option to buy the finance company outright at a later date.
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- FLOORCOVERINGS
Designer Contracts has expanded its presence in Scotland in response to exponential sales growth, the floorcoverings contractor and supplier says.
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- BEDS & MATTRESSES
Profits fell at Silentnight last year as the U.K.'s largest bed manufacturer incurred higher costs including one-off legal expenses, a sign that its legacy pension challenges may be reaching a conclusion.
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- REGIONAL
Sheffield furniture retailer Ponsford booked a sharp fall in revenue as a result of the pandemic but the privately-owned business still found earnings growth.
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- BEDS & MATTRESSES
Britain's biggest bed maker Silentnight has confirmed that all bar one of the retail showrooms it has launched in the past three years will not reopen once restrictions are eased.
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- REGIONAL
The three-store retailer behind the Daniel of Windsor department store and two dedicated beds and furnishings showrooms in West London slipped to a loss, on paper, in the period leading up to the pandemic.
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- ECOMMERCE
Furniture Village is taking the store experience to the customer's home with the launch of an immersive 3D virtual showroom, enabling customers to digitally walk through one of its shops.
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- RETAIL & DISTRIBUTION
The value of furniture invoices going through the central paying agent of Associated Independent Stores (AIS) fell for the fourth consecutive year as a result of the first lockdown, though the buying group said some members managed to recover all of the lost turnover.
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- BEDS & MATTRESSES
Dreams, Britain's largest beds retailer, is pushing ahead with store expansion including stores in North West and North East England.
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- REGIONAL
South East furniture-to-fashion retailer Choice Discount Stores maintained sales in the year leading up to the pandemic and has time-lined when it hopes trade will kick start again.
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- UPHOLSTERY
BFM Fabric Show London is to take place at Twickenham Stadium from June 8–9, 2021, subject to small indoor trade events being permitted at the time.
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- TRADE & INDUSTRY
SATRA Technology, whose diversified research and technology services include the testing of furniture and floorcoverings, is expanding its regular programme of technical webinars to include more topics of specific interest to those two sectors.
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- RETAIL & DISTRIBUTION
Half year profits jumped by a third for Dunelm with the diversified home retailer saying it delivered growth despite some rivals being allowed to remain open while its own stores were closed.
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- RETAIL & DISTRIBUTION
The company behind U.K. based Selfridges and Irish retailers Arnotts and Brown Thomas says the stores have been able to access hundreds of millions in debt finance to bolster liquidity amid the pandemic.
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- REGIONAL
The group behind the Elphicks of Farnham department store business and a separate bed shop in nearby Dorking says it is positive for the future following the closure and subsequent sale of its New Malden store.
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- TRADE & INDUSTRY
The Furniture Makers' Company, the trade charity and livery company, has enlisted captains of industry to be panellists on the first of its four webinars launching this month.
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- BEDS & MATTRESSES
The National Bed Federation (NBF) has developed a "bomb-proof" marketing pack to support retailers' efforts to promote sales during National Bed Month in March, irrespective of whether stores are open or closed.
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- DEALS & FINANCE
Joules Group, the fashion and lifestyle company, has taken a decisive step into the furniture and home sector after agreeing to buy The Garden Trading Company, a fast-growing online retailer with a substantial wholesale arm.
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- UPHOLSTERY
General merchandise retailer Next put more upholstery volume through its own Yorkshire sofa factory in the run up to the pandemic while expanding headcount by 35 percent.
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- RETAIL & DISTRIBUTION
Department store retailer Menarys is to reconfigure its store network in Northern Ireland as a result of Covid-19 and the closure of partner retailers.
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- SUPPLY & WHOLESALE
The plug was pulled on the U.K. operation of a leading maker of high-end furniture for luxury yachts and private planes after it was adversely impacted by a range of factors including Covid-19.
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- UPHOLSTERY
Lectra, a major supplier of machinery, software and consultancy to U.K. and global sofa manufacturers, has agreed to acquire rival Gerber Technologies in a deal worth €300 million.
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- UPHOLSTERY
Timothy Oulton is taking its recently-acquired Sofa Workshop brand into international markets for the first time. Here in the U.K., it also plans to add a second London showroom for its Noble Souls brand.
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- BEDS & MATTRESSES
Historic bed maker Sleepeezee is to issue a legal challenge to a trademark application made by a West Yorkshire rival.
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- UPHOLSTERY
Harvey Roberts has been appointed managing director at upholstery manufacturer and distributor Hydeline Furniture.
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- REGIONAL
Turnaround work led to the privately-owned retailer behind the Oldrids and Downtown fascias returning to profit in 2019–20, two years ahead of its forecasted timeline.
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- FLOORCOVERINGS
Flooring contractor Designer Contracts has appointed Simon Westley as logistics manager and promoted three managers to new roles.
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- BEDS & MATTRESSES
Mattress and foam products maker GNG Group has taken delivery of new automated machinery for its beds division in a move that ramps up its production capacity.
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- REGIONAL
Revenue, adjusted profits and cash climbed for East of England furniture retailer Glasswells in the period leading up to the first lockdown last year. Statutory earnings were impacted by property revaluation.
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- BEDS & MATTRESSES
Privately-owned retailer Sussex Beds will open its eleventh store this spring and continues to lay the groundwork for expanded distribution across the South East of England.
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- BEDS & MATTRESSES
Direct-to-consumer brand Emma - The Sleep Company says its recently signposted new smart mattress featuring artificial intelligence technology will arrive on U.K. shores this year.
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- EVENTS
The Proposte fabrics show will take place at the same time as Salone del Mobile (Milan furniture show) with organisers hoping visitors will be able to visit both fairs in a single trip to northern Italy.
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- RETAIL & DISTRIBUTION
The U.K. arm of kitchen conglomerate Nobia was loss making last year as the pandemic hindered its project business.
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- SUPPLY & WHOLESALE
Routine factory maintenance in the upstream foam supply chain could lead to further disruption for furniture manufacturers and their retail customers later this year, BFM has warned.
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- ECOMMERCE
Inaugural full disclosure accounts reveal West Yorkshire ecommerce retailer Furniture and Choice to be among the largest businesses of its type operating in the U.K.
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- REGIONAL
Home and garden retailer Taskers says it is on track to deliver a return to profit in 2020–21 after exceptional trading during the pandemic, including a record Christmas.
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- FLOORCOVERINGS
Balta Group, the major Belgian carpet manufacturer and one of the largest suppliers to the U.K. floorcoverings market, plans to refinance its long-term borrowing.
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- BEDS & MATTRESSES
The National Bed Federation (NBF), the trade association representing U.K. bed manufacturers, has announced four key hires to its 12-strong marketing committee.
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- BEDS & MATTRESSES
Direct-to-consumer mattress company Eve Sleep has appointed logistics expert and longtime retailer Masood Choudhry as independent non-executive director.
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- RETAIL & DISTRIBUTION
Cashflow and orders were strong as the group behind custom cabinet maker and retailer Neville Johnson bounced back from the early months of the pandemic.
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- RETAIL & DISTRIBUTION
Surging U.K. order intake in the third quarter wasn't enough to mitigate the full year impact of Covid-19 here according to high-end French furniture brand Roche Bobois.
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- ECOMMERCE
Experienced marketer Laura Sutherland has joined West Yorkshire children's bedroom retailer Room To Grow with a brief to scale up its marketing and develop its product range.
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- FLOORCOVERINGS
The flooring industry has found growth despite difficult trading conditions according to retailer Calverts Carpets, one of the largest regional chains in the U.K.
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- RETAIL & DISTRIBUTION
Furniture, design and lifestyle retailer The Conran Shop is to name a new chief executive to lead a reshaped management team following its takeover just under a year ago.
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- ECOMMERCE
A review into the unsecured consumer credit market has called for buy-now pay-later (BNPL) unsecured lending to be regulated for the first time.
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- INTERNATIONAL
Lars Larsen Group, the Danish conglomerate behind some of the largest furniture retail and wholesale operations in the world, booked highest-ever sales and profits last year and said it also paid a record amount of tax.
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- UPHOLSTERY
The Chinese furniture manufacturing conglomerate that bought HTL in 2016 says it will sustain a financial hit after writing down the value of its investment in the leather sofa maker.
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- BEDS & MATTRESSES
Hypnos, the Buckinghamshire based bed maker, has further bolstered its sustainability credentials with The Planet Mark - Carbon Neutral certification.
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- RETAIL & DISTRIBUTION
The number of upholstery, beds and cabinet related trademark applications filed by Next in recent weeks is more than double the combined total lodged by the retail giant across those categories over the past five years.
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- SUPPLY & WHOLESALE
Diversified homewares distributor Sabichi booked seven-figure profits after a sharp rise in revenue in the year to October 31, 2020.
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- UPHOLSTERY
Upholstery conglomerate Man Wah Holdings successfully raised HK$2.36 billion (£222m) from investors following the planned share placing it had earlier signposted mid-January.
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- REGIONAL
Norwich department store, business services and property group Jarrold has reorganised its non-executive director team, making two senior board appointments.
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- SUPPLY & WHOLESALE
The co-founders of soft seating category leader Bazaar Group have sold a majority stake in the business to Comhar Capital to help fund expansion in the U.K. and mainland Europe.
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- BEDS & MATTRESSES
Heritage bed maker Relyon returned to private ownership last summer and the restructuring advisor that handled the sale has disclosed takeover terms for the first time. But whether they clarify or confuse is a moot point.
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- ECOMMERCE
New financial statements underscore comments made by senior Wayfair officials last summer that revenue in the U.K. and Germany combined is tracking over $1 billion, with the former making up the biggest proportion of the total.
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- ECOMMERCE
Ecommerce sales climbed 41 percent in the final three months of 2020 for Maisons du Monde as the multinational furniture and home accents retailer gained a bigger slice of the British market.
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- UPHOLSTERY
The company that last summer bought the business and assets of one of the U.K.'s first vertically-integrated direct-to-consumer sofa brands has booked six-figure profits.
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- RETAIL & DISTRIBUTION
National kitchens vertical Harvey Jones forecasts a return to profit in 2021, but says it has the resources to survive a worst scenario this year should the need arise.
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- OPINION & ANALYSIS
This is a pivotal period in time for ScS, Britain's second largest upholstery retailer, as it adjusts to the departures of a long-time financial backer and its highest ranking executive.
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- SUPPLY & WHOLESALE
Colefax Group, the fabrics and wallpaper company with a big international business, says sales have been more resilient despite the imposition of new restrictions across the U.K. and export markets.
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- UPHOLSTERY
Half-year EBIT trebled as high-end upholstery manufacturer Kingcome Sofas found extra margin in the six months to end October.
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- RETAIL & DISTRIBUTION
Furniture and flooring retailers face a wait of nearly a month before being able to either reopen stores or, more likely, see a roadmap for when they may be able to do so.
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- UPHOLSTERY
Fashion and lifestyle brand Joules said licensing income has more than doubled citing the impact of its partnership with DFS, the upholstery market leader.
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- EVENTS
More than 1,200 people from across the industry had visited the inaugural Online Furniture Show by the halfway stage, organisers said today (Wednesday).
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- UPHOLSTERY
A strong bounce back out of the first two lockdowns has left upholstery and carpets chain ScS cautiously optimistic for the weeks and months ahead.
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- RETAIL & DISTRIBUTION
Furniture and interiors brand OKA will make its bricks-and-mortar entrance in the U.S. in a building familiar to the executives running the retailer.
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- ECOMMERCE
The Great Little Trading Company, the youth-oriented mail-order and Internet retailer, says it is well positioned to benefit from the rise in online shopping resulting from the pandemic.
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- SUPPLY & WHOLESALE
One of the executive directors at high-end British furniture and lighting company Established & Sons now owns almost a fifth of the business following a share issue last year.
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- TRADE & INDUSTRY
Manufacturers face short-term challenges but order books are strong and hopes for the future are high, says Nick Garratt, md at trade association BFM.
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- SUPPLY & WHOLESALE
Furniture makers' price inflation climbed for the sixth straight month at the end of 2020 suggesting fears from within the sector of forceful headwinds ahead are well founded.
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- ECOMMERCE
Danetti, the ecommerce furniture retailer that opened its first bricks and mortar showroom late last year, booked rising profits in the year to March 31, 2020.
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- FLOORCOVERINGS
Flooring and beds retailer United Carpets Group will delist from the Alternative Investors Market (AIM) on Friday as it returns to private ownership.
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- BEDS & MATTRESSES
GNG Group, the West Yorkshire maker of mattresses and other performance foam products for sectors ranging from sports to healthcare, has promoted Darren Potterton to group managing director.
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- REGIONAL
Jenners department store in Edinburgh will close for good in the spring after its owner failed to agree new terms with the landlord. It has been trading for 183 years.
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- COMMUNITY
Brooke and Wilde (Brook + Wilde) has become a corporate supporter of The Furniture Makers' Company, the industry charity and livery company.
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- ECOMMERCE
Fashion retailer Boohoo Group has acquired the Debenhams brand and other intellectual property for £55 million, heralding its entry into the furniture and homeware market.
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- UPHOLSTERY
Sofa maker Tetrad has completed the remodel of its Preston showroom ahead of the launch of a series of new collections.
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- REGIONAL
Furniture and department store retailer Bradbeers says it is positive it will be able to extend its debt maturity profile for a second time if the pandemic further delays plans regarding investment property.
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- REGIONAL
Dorchester, Sidmouth and Weymouth retailer outlines initial impact of pandemic on revenue, profitability and working capital.
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- OPINION & ANALYSIS
It is counter intuitive that on the day that the highest-ever single-month reading for furniture retail sales is released, we also report a drop in big-ticket consumer confidence sentiment.
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- CASE GOODS
Steps taken to broaden the appeal of the heritage Nathan brand have paid dividends according to the furniture company, with a new generation of social media-savvy consumers now following the business.
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- RETAIL & DISTRIBUTION
Big-ticket spend sentiment weakened at the beginning of the year as the country entered its latest lockdown, according to a closely-followed consumer confidence survey.
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- RETAIL & DISTRIBUTION
December furniture and lighting sales were higher than in any other month since records began, and by some margin, according to new figures from the Office for National Statistics.
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- SUPPLY & WHOLESALE
Furniture maker Ercol returned to profit at EBITDA level in 2020 after orders and delivered turnover outperformed levels management were budgeting for during the first lockdown, its chairman said.
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- UPHOLSTERY
Arlo & Jacob, the upholstery retailer, is turning its stores into virtual showrooms using live video chat powered by Go Instore software.
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- BEDS & MATTRESSES
Direct-to-consumer brand Emma - The Sleep Company is to stretch its price architecture with a new smart mattress programme set to retail for upwards of £2,000. It follows exponential growth last year that saw the business reach revenue of €405 million worldwide.
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- FLOORCOVERINGS
Headlam Group, Europe's largest collective of floorcoverings wholesalers, says strong demand for residential flooring products in the second half of last year helped negate weaker earlier trading.
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- EVENTS
The already-revised international home and contract textiles show Heimtextil has been cancelled until 2022, with organisers saying there is nothing to be gained by a further delay to later this year.
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- RETAIL & DISTRIBUTION
"When we opened our new Leicester store we did two weeks' business in just four days," said Furniture Village CEO Peter Harrison, who says the industry should look forward with optimism for when the lockdowns are eased.
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- ECOMMERCE
Full year sales climbed for Eve Sleep with the direct-to-consumer mattress and ancillary products company saying it had cut losses too on the revenue tailwind and business model adjustments.
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- SUPPLY & WHOLESALE
Profits at Sanderson Design Group, the luxury interiors manufacturer and wholesaler formerly known as Walker Greenbank, will rise after the company outperformed expectations.
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- FLOORCOVERINGS
The South Wales carpet manufacturing arm of flooring giant Victoria returned to profit in 2019–20 as it annualised millions of pounds of restructuring costs.
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- RETAIL & DISTRIBUTION
Danish furniture retailer JYSK will build critical mass in the North of England with all five new stores it plans here in the next eight months to be located across Lancashire, Yorkshire and Lincolnshire.
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- BEDS & MATTRESSES
Consumers pivoting to ecommerce last year boosted U.K. revenue and profitability for the company behind the DreamCloud and Nectar Sleep mattress brands.
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- BEDS & MATTRESSES
The value of foam and sprung mattress imports into the U.K. slumped in November, arresting a two-month return to growth across the combined categories.
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- CASE GOODS
Port delays and container shortages didn't stop a third consecutive rise in cabinet furniture imports as wholesalers and retailers replenished stock ahead of Christmas.
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- TRADE & INDUSTRY
Furniture makers are facing unprecedented increases in the cost of key raw materials according to trade association BFM, and retailers should brace for some of that to be passed on.
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- BEDS & MATTRESSES
Factory investment didn't immediately yield the expected jump in sales for Dura Beds, according to just-filed accounts for the Batley mattress maker in the period leading up to the pandemic.
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- COMMUNITY
The Furniture Makers' Company, the industry charity and livery company, made hundreds of surprise pre-Christmas grants to struggling furnishing industry workers in December.
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- COMMUNITY
Major U.K. flooring contractor Designer Contracts has donated more than £100,000 to a local hospice that has been hit hard by the pandemic.
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- UPHOLSTERY
British retailers and wholesalers imported more upholstery ahead of Christmas than in any other month since records began, new data compiled by The Furnishing Report shows.
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- REGIONAL
Upminster retailer Roomes Furniture & Interiors says it has undergone a year of improvement with the pandemic having reinforced the need for the changes it has subsequently made.
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- FLOORCOVERINGS
U.K. imports of carpets and rugs advanced high single-digits according to newly-released November data as China, India and Turkey made gains while traditional manufacturing powerhouses continued to toil.
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- REGIONAL
London furniture company E & A Wates will bring the curtain down on 120 years of trading in the spring with the planned, permanent closure of its retail arm. It hopes to find a buyer for its other activities.
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- ECOMMERCE
MadeiraMadeira, a Brazilian furniture and interiors ecommerce marketplace, has raised $190 million (£140m) from investors as it looks to capitalise on the surge in online sales.
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- TRADE & INDUSTRY
Efforts to meet pre-Christmas delivery deadlines after strong demand through the summer and autumn meant U.K. furniture manufacturing output reached a year-long high according to new Government figures.
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- RETAIL & DISTRIBUTION
The privately-owned retailer that operates Dreams beds stores in Northern Ireland along with a separate co-located upholstery fascia says trading in 2020–21 made a strong start.
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- ECOMMERCE
Follows December issue of new shares in British upmarket ecommerce furniture and homewares etailer.
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- RETAIL & DISTRIBUTION
Profits up by half for 20-store adjustable furniture and mobility products retailer in 2019–20 on continued revenue growth.
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- EVENTS
W Exhibition & Elements, the trade show for the furniture manufacturing and joinery industries, has been postponed until February 6–9, 2022, organisers have announced.
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- CASE GOODS
Nobia, the kitchen conglomerate, says its fourth quarter performance for 2020 will exceed expectations because of strong trading in the Nordic and Central Europe regions.
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- UPHOLSTERY
Man Wah Holdings, the upholstery and recliner giant with manufacturing operations across the Far East and Eastern Europe, hopes to raise the equivalent of £224 million to fund expansion and modernisation activities.
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- RETAIL & DISTRIBUTION
A downsized Ponden Home Interiors will live on after parts of the bedding and household textiles chain were rescued along with its larger sister business, Edinburgh Woollen Mill (EWM), out of administration.
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- FLOORCOVERINGS
Strong trading in the back half of last year enabled flooring retail chain Tapi Carpets & Floors to pay off short-term lending from key investors.
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- ECOMMERCE
Home shopping group N Brown says a bigger proportion of revenue is coming from sales of home goods after customers pivoted spend away from other categories.
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- RETAIL & DISTRIBUTION
The circa 1,000 store Dänisches Bettenlager retail chain is to rebrand as JYSK later this year, parent company Lars Larsen Group has announced.
- Details
- TRADE & INDUSTRY
Leading minds from the across the industry will tackle topics ranging from innovation in manufacturing to sector survival and retail in a new series of webinars to be hosted by The Furniture Makers' Company.
- Details
- BEDS & MATTRESSES
The National Bed Federation (NBF) has confirmed plans for its eleventh Bed Show, due to take place September 21–22, 2021 at the Telford International Centre.
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- RETAIL & DISTRIBUTION
Furniture retailer The Cotswold Company said its decision to invest in inventory ahead of the pandemic has aided strong growth in 2020–21, mitigating the impact of Far East factory closures and enabling it to meet demand and fulfil orders.
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- FLOORCOVERINGS
Major U.K. carpet and flooring distributor says it had seen little investment in three decades before it set about transforming its business under new ownership.
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- RETAIL & DISTRIBUTION
Dunelm Group, the out-of-town homeware and furniture retailer, said disruption shipping product from the Far East is beginning to normalise with delays shortening compared with before and the outlook improving.
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- FLOORCOVERINGS
Nigel Graham, the former co-owner of a Yorkshire carpet manufacturer bought by flooring conglomerate Victoria in 2019, has left the company.
- Details
- RETAIL & DISTRIBUTION
Dunelm Group has appointed experienced retail executive Arja Taaveniku as a non-executive director. She will join the furniture and homeware retailer's board from the middle of February.
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- EVENTS
Furniture Show Birmingham at the NEC will return in a year's time after organisers rescheduled the April event to January 23–26, 2022 as a result of the current restrictions designed to curb the spread of Covid-19.
- Details
- SUPPLY & WHOLESALE
The diversified furniture, mattress and home accents distribution group Gallery Direct built out revenue in 2019 including a 50 percent rise in U.K. sales. Profits fell on higher costs.
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- BEDS & MATTRESSES
Bankers, employees and the mattress supply chain were owed most after the insolvency of Blackburn supplier Icon Designs, which folded late 2020 after seeing a substantial reduction in trade in the period leading up to its collapse.
- Details
- RETAIL & DISTRIBUTION
Furniture retailer Loaf has appointed David Meredith, the former head of operations at John Lewis & Partners, as operations director.
- Details
- ECOMMERCE
Online retailer Very.co.uk booked near 50 percent growth in furniture and mattress sales in the run-up to Christmas as the ecommerce brand made the most of rivals' store closures and increased interest in home categories.
- Details
- BEDS & MATTRESSES
The Disciplinary Tribunal that heard The Financial Reporting Council's (FRC) complaint against a restructuring adviser accused of misconduct ahead of the sale of bed maker Silentnight a decade ago should deliver its verdict no later than early spring.
- Details
- RETAIL & DISTRIBUTION
Mike Coupe, who retired as Sainsbury's CEO after six years last spring, has become chairman at Oak Furnitureland, the hardwood furniture chain has announced.
- Details
- RETAIL & DISTRIBUTION
Designer furniture retailer Heal's slipped to a loss last year because of the impact of the pandemic along with one-time items. Online growth helped partially mitigate the impact of store closures on revenue.
- Details
- BEDS & MATTRESSES
Profits jumped five-fold for West Yorkshire bed maker Highgrove ahead of the pandemic despite the company's 15-year run of rising sales coming to an end.
- Details
- FLOORCOVERINGS
Luxury vinyl tile (LVT) giant Karndean International says there are positive demand indictors with the sector so far resilient during the pandemic. Its comments came as it filed accounts showing record sales.
- Details
- UPHOLSTERY
A gain on the sale of freehold property softened the impact of a weaker trading for The Sofa & Chair Co. in the period leading up to the arrival of the pandemic.
- Details
- RETAIL & DISTRIBUTION
Danish furniture chain JYSK will take store numbers in Ireland to 12 with the addition of three more branches by the early summer.
- Details
- FURNISHINGS & ACCENTS
Earnings climbed at major U.K. rug distributor Asiatic in 2019–20 after gross margin widened on lower cost of goods sold.
- Details
- SUPPLY & WHOLESALE
Danish furniture wholesale giant Actona has launched a programme of desks and chairs specially designed for gamers and the home office.
- Details
- RETAIL & DISTRIBUTION
The md of home department store retailer Leekes says the business is in a strong position after navigating the challenges thrown at it through 2020 and as it prepares to reconfigure its store network.
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- RETAIL & DISTRIBUTION
The U.K. trading arm of IKEA booked a £22.6 million net loss in the year to August 31 as surging ecommerce sales declined to mitigate the impact of the enforced closure of its stores through much of the second half of its financial year.
- Details
- REGIONAL
Fishpools says the strength of its online presence was apparent during the first lockdown and facilitated an extremely strong start once deliveries and its store were able to recommence, with demand continuing through 2020.
- Details
- RETAIL & DISTRIBUTION
Retail giant IKEA is to expand its city centre footprint with a new London store later this year.
- Details
- EVENTS
Organisers of the Online Furniture Show have issued another call to potential exhibitors ahead of the launch of the inaugural event.
- Details
- UPHOLSTERY
Robert Mynett, son of Brian Mynett who passed away last week, shares a letter written by his father to his step-brother Scott Ramsay in August 2006 after he had endured a particularly difficult day.
- Details
- UPHOLSTERY
Brian Mynett, the former Christie-Tyler executive who was later responsible for driving the U.K. expansion of Italian sofa giant Natuzzi, has died. He was 80 years old.
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- UPHOLSTERY
Vita Group has agreed to pay €6.1 million to acquire southern Italian flexible foam producer I.M.P.E from Natuzzi, the upholstery manufacturing giant.
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