A corporate reorganisation encompassing Karndean's global interests has revealed the floorcoverings supplier to be far larger than previous disclosures had indicated, and value the group north of £400 million.

The chairman of the Furniture Industry Research Association says the not-for-profit organisation expanded its membership base last year, giving the trade a bigger voice in shaping its own destiny.

Strong post-lockdown demand and unwinding its large order backlog last year put Tempur U.K. on track to recover sales lost to the early months of the pandemic.

Organisers of the Scottish Interiors Showcase, an annual trade furnishings event dating back 14 years, says the 2022 edition will take place as scheduled next month.

Associated Independent Stores (AIS) says all of its planned winter show series, including its INDX Furniture event which starts in 10 days' time, will go ahead under current Government guidance for large indoor events and trade shows.

The business unit encompassing furniture delivered growth on both a one and two-year basis in the 13 weeks to January 1, retail giant Marks and Spencer Group (M&S) said Thursday.

The chairman of Ercol Furniture (ercol), which on Wednesday night featured on the BBC's Inside The Factory programme, says the manufacturer has recovered all the sales lost to the early period of the pandemic and continued to find bottom line gains.

Hydeline Furniture, the Buckinghamshire upholstery producer and distributor, has appointed Jonathan Burrage as its new managing director, succeeding Harvey Roberts in the role.

Home goods retailer Dunelm said furniture was a standout category in the three months to Christmas as it enjoyed the first benefits of its soon-to-be fully-operational new furniture distribution hub.

Nobia, the kitchen manufacturing and retail conglomerate and owner of British kitchen chain Magnet, has agreed to buy Superfront, a Sweden-based direct-to-consumer business that already sells to U.K. buyers.

An increased participation of Habitat-branded products and deliberately fewer promotions helped Argos find margin expansion in pre-and-post Christmas trading, according to parent company J Sainsbury, the grocery and general merchandise retailer.

Sales jumped by more than a quarter for furniture and design retailer Heal's in the year to September 2021 despite long periods of enforced store closures. It also enjoyed a big turnaround in profitability.

Upholstery group DFS has named the new managing director for its Sofology retail chain, succeeding the brand's CEO Sally Hopson, who left after retiring last year.

Lapping pandemic-driven peaks meant home sales fell for digital retailer The Very Group, owner of the Very.co.uk and Littlewoods brands, in the period taking in Black Friday through to Christmas Eve.

Paul Myerscough has been promoted to managing director at North Wales upholstery manufacturer Westbridge Furniture, a major supplier to national, DTC and independent retailers.

Kent bed maker Sleepeezee has taken centre state in a mini-documentary as part of a new TV campaign from the joint Natwest and ITV Backing Business Initiative.

Pandemic restrictions meant sales almost halved for three-store beds and department store retailer Daniel of Windsor in 2020/21, ahead of it resolving to buy out two shareholders.

Furniture importer and wholesaler Seconique found sales, margin and profit expansion amid unprecedented demand last year, enabling it to generate cash and deleverage ahead of schedule.

Retailers will need to be agile and resilient to fight demand challenges prompted by rising living costs, according to the head of the British Retail Consortium (BRC), the industry trade body and lobby group.

The Stock Exchange of Hong Kong (SEoHK) has directed Samson Holding, once one of the largest suppliers of cabinet furniture to the U.K. market, to conduct a review after criticising its internal control procedures.

The National Bed Federation (NBF) is calling on bed manufacturers and retailers to support its annual National Bed Month awareness campaign, and is providing a range of multi-media tools to enable them to do so.

The group behind the Selfridges, De Bijenkorf, Brown Thomas and Arnotts retail brands recorded a nine-figure deficit as multi-territory mandatory store closures clipped its ability to trade last year.

Consumers pivoting online helped the ecommerce company behind the Not On The High Street home and gift retail brand deliver a big turnaround in profits in the year that saw a controlling stake sold to U.S. investment firm Great Hill Partners.

Upholstery, cabinet and accessories ecommerce retailer Furniture Box has agreed to occupy a large build-to-suit warehouse facility as it looks to build on rapid growth achieved through the pandemic.

The U.K. arm of Dunnes Stores, the Ireland headquartered food, fashion and furnishings retailer, generated positive cashflow despite recording an £8.1 million net accounting loss in its just-reported financial year.

Preview22, the planned online bridge for retailers and suppliers ahead of the live trade show period, is to become The Online Furniture Show instead and will run later this month, organisers have announced.

North East living, dining and bedroom wholesaler Baker Furniture has moved into its new 50,000sqft distribution centre ahead of beginning to deliver goods to customers from the purpose-built facility.

Legislators have criticised a leading accountancy body after it confirmed the £13 million fine handed to KPMG for its conduct in the sale of Silentnight a decade ago will not be used to compensate pensioners impacted by its insolvent restructure.

Fashion-to-furniture retailer Next has upgraded profit expectations for the fifth time in the past year after strong pre-Christmas trading, but cautioned that continued buoyancy for discretionary spend is uncertain.

Designer Contracts, the national floorcoverings contractor that majors in supply to the housebuilder market, has invested £500,000 to support its strategy of holding more stock.

Furniture retailer Made.com Group (MADE) says self-help measures instigated in the second half of last year will soon result in shorter lead times against a backdrop of industry-wide supply chain issues.

The company behind the Furniture and Choice ecommerce furniture retail brand saw revenue more than double during the height of the pandemic. Margins widened and profits also rose sharply.

Furniture, flooring and furnishings insolvencies jumped both sequentially and on an annual basis in the final quarter as state support measures such as the furlough scheme were brought to an end.

West Midlands upholstery manufacturer ACL 2002 built on a return to profit last year but says it is facing intense cost pressures and labour shortages because of Covid-19.

Just one in 20 consumers is unsatisfied with the comfort and quality of their just-purchased mattress, according to the latest National Bed Federation (NBF) biannual consumer survey.

Pan-European ecommerce-led furniture retailer Home24 has agreed to buy direct-to-consumer home accessories chain Butlers in a move that diversifies its product offer and expands its physical store footprint.

Barker and Stonehouse, the North East headquartered independent furniture retailer, booked higher profits in 2020/21 ahead of investment in logistics, technology and its store network.

Liquidators finalising the affairs of a mattress company that filed for bankruptcy late 2020 owing millions to creditors say a number of matters warrant further investigation.

North West retailer and contractor Mears Flooring maintained a double-digit net margin in 2020/21 despite the first lockdown clipping both its top and bottom lines.

Courier company DX Group has added two new warehouses for its DX Freight division, which specialises in both one and two person deliveries of larger goods such as furniture and beds.

A distributor of underlay and other carpet and flooring accessories has suffered a serious fire at its premises in Tiverton, Devon.

Family-owned retailer Cousins booked a large increase in sales and profits in the period after it acquired flagship assets of the now-defunct Alan Ward furniture business.

Furniture and homeware company Swoon has become the latest third-party brand to have its products offered on the platform of DFS, the U.K.'s upholstery market leader.

Home and garden ecommerce platform Wayfair is expected to build distribution capacity in Scotland and has been recruiting ahead of opening a new asset in a key location.

Sales climbed by more than a fifth for London based rug distributor and wholesaler Asiatic Carpets last year as it benefited from higher home spend among consumers.

3G Capital, a global investment firm and private partnership, is to acquire a controlling stake in Netherlands based furnishings conglomerate Hunter Douglas, owner of multiple U.K. companies including window dressings giant Hillarys.

Rise-and-recline upholstery producer Celebrity Motion Furniture says it is optimistic it will clear the remainder of its CVA debt in the next year, saying the business has continued to prosper since its restructure.

An emerging finance partner for furniture and flooring retailers more than halved losses at its U.K. operation as the pandemic hit, despite dampened demand for credit.

ScS, the national upholstery and flooring retailer, has relocated its Doncaster store to a different retail park in the South Yorkshire town.

Tapi Carpets & Floors booked the smallest full year loss in its short history last year and by some earnings measures was profitable for the first time as higher sales and lower costs boosted the challenger flooring retailer.

Large upholstery retail warehouse Vine Mill Furniture is clearing stock ahead of its planned closure with owners instead to focus on the group's wholesale operations supplying other companies.

Recticel shareholders have green-lighted the disposal of the company's mattress division to Aquinos, the Portuguese upholstery and bedding manufacturing conglomerate.

A successful project reorganising and galvanising the delivery operations of a prominent bed retailer has led to the launch of a new large-parcel one-man furniture delivery business called Solo Home Delivery.

Omnichannel furniture and homeware retailer Loaf plans to expand its store footprint into Scotland for the first time with the opening of a ninth showroom next year.

Kidderminster carpet maker Brockway swung back to profit as lower costs outweighed the impact of a decline in turnover ahead of a new managing director joining in the autumn.

Natuzzi has announced the resignation of chief financial officer Vittorio Notarpietro after 20 years service with the Italian upholstery maker and retailer across two separate spells.

The Weston family have confirmed plans to sell retail group Selfridges to a joint venture between Thai conglomerate Central Group and Austrian property company Signa.

International furniture brand Timothy Oulton has in the past few days expanded its London store footprint with the opening of two further showrooms while its eponymous owner is now majority shareholder in Andrew Martin International, the high-end retail and wholesale company.

Upholstery retailer Sofology has revealed two further new store locations for its 2022 pipeline as it continues to reconfigure its national network.

The U.K.'s largest hardwood furniture retailer Oak Furnitureland will diversify its product offer with the launch of a new programme of bespoke floorcoverings across four new-format stores from Boxing Day.

Homewares importer and distributor Sabichi saw profits jump 63 percent in the past year as it beat its revenue target by more than £4 million.

More U.K. home and interiors exhibitions have been delayed as a result of either Government restrictions or the threat of them being introduced amid concerns over the spread of the Omicron Covid variant.

The near term future of a decades-old furniture retailer that once traded from six South East stores is secure after a rescue buyout immediately after its predecessor company was placed into administration.

Yorkshire mattress maker Highgrove Beds said the global increase in raw material costs eroded gross margin last year but it still posted class-leading profits and further built its cash pile.

The lull in U.K. residential property transactions following the end of the stamp duty holiday in September proved short-lived, with the number of deals climbing sharply again last month.

National bedding and linen retailer Julian Charles says its online business has exploded after heavy investment in its digital proposition under its new owner.

The return of the January Furniture Show will be delayed by a further three months after organisers rescheduled the dates amid concerns over the Omicron Covid-19 variant.

Store sales halved for retail chain Mattressman in the year to end March but it still managed to find double-digit growth as its customers pivoted online. Profits climbed sharply.

A franchisee behind a number of prominent flooring stores in the North East booked large seven-figure profits in 2020/21 despite Covid restrictions inhibiting its ability to trade.

The rebuild of Feather & Black's store footprint has gathered pace with two new showrooms opening this past weekend to double the size of the bedroom retailer's physical estate.

The effect of mandatory store closures was stark for privately-owned Devon retailer Austins in 2020/21, with sales almost halving compared with the previous year.

Staff at Oldrids of Scunthorpe are said to be advising customers of the department store's planned permanent closure early in the new year.

Southern Italian upholstery manufacturer Incanto group will next month reintroduce its upmarket Incanto Italia brand to the U.K. and Irish markets after a multi-year absence.

The CEO of Tempur Sealy International's longtime Sealy Australia, Asia-Pacific and now U.K. joint venture partner is one of two new senior independent board members at the world's biggest bedding company.

The Competition and Markets Authority (CMA), the U.K.'s antitrust watchdog, has has provisionally found that Dar Lighting has broken competition law by preventing retailers from offering discounts online.

Moffett and Sons, the company behind the diversified upholstery, bed and cabinet manufacturer and wholesaler Balmoral Furniture, says it is on target to return to growth in 2021/22 after seeing sales and profits fall in the past year.

SATRA, the research and testing organisation, has appointed Tristine Hargreaves to lead its furniture and flooring section as divisional manager. It also announced a new tie-up to provide services to the National Bed Federation (NBF).

Consumer confidence declined in December as the emergence of the new Covid variant Omicron impacted shoppers' outlook on the economy, spending and their own personal finances.

U.K. furniture and lighting sales regained upward momentum last month according to figures released Friday by the Office for National Statistics. They were also up on a two-year basis.

Wolf Components, the South Yorkshire pocket spring maker started three years ago by two former Leggett & Platt executives, almost doubled sales in the past year and says it is on target to deliver again in 2021/22.

The ecommerce group behind the Houseology and Olivia's furniture and homeware brands saw revenue surge ten-fold ahead ahead of a seven-figure equity fund raise earlier this year.

A lack of skilled workers has forced furniture production wages higher, according to the British Furniture Manufacturers (BFM), the industry trade association.

Upholstery and beds company HSL has strengthened its retail presence in the North West of England, with a new unit opening Thursday to the north of Manchester.

Foam and industrials group Greiner is for now pressing ahead with plans to acquire what will remain of Recticel even though the Belgian company has agreed deals to dispose of two sizeable chunks of its business.

North West upholstery and curtain fabrics wholesaler Fryett's widened gross margin in 2020/21 as it increased its market share in the supply of cut length products.

The combined profits of nine of the world's largest shipping lines have increased eleven-fold in 2021 so far as demand and prices for ocean freight have surged as the pandemic has progressed.

Furniture company Fritz Hansen has acquired Skagerak Denmark in a deal that takes the design group into the outdoor furniture market for the first time.

The price of raw materials and inputs used in the production of furniture rose to another record level in November according to new figures from the Office for National Statistics (ONS).

Furniture and home department store retailer Housing Units found top and bottom line growth in 2020/21 with its CEO saying more is to come as it unwinds its strong order book.

Challenger flooring wholesale group Likewise is to make its biggest acquisition yet after lining up a deal for one of the U.K.'s largest family-owned flooring companies.

Home, garden and leisure retailer The Range has agreed to lease a 475,000sqft warehouse that until last year was one of the largest furniture warehouses in the country.

The effect of enforced factory shutdowns across Vietnam finally outweighed high U.K. demand for its goods in October as the value of wood furniture imports fell for the first time this year.

Foam and sprung mattress imports fell for the fourth straight month on an annual basis at the start of the final quarter of 2021, according to HM Revenue & Customs figures.

Upholstered furniture import growth slowed at the beginning of the final quarter despite continued robust figures from both China and Poland, the U.K.'s largest trading partners.

Town planners have approved proposals for a new warehouse for Alliance Flooring Distribution, a division of international floorcoverings conglomerate Victoria.

Tempur Sealy International, the world's largest bedding company, has increased the authorisation under its share repurchase programme to a total of $1.5 billion (£1.14bn), it announced Monday.

Carpet imports fell sharply in October as the final quarter started with weaker data from Belgium, the Netherlands and Turkey.

Half-year revenue jumped by more than a third for lifestyle group Joules in the six months to end November, buoyed by the acquisition of an ecommerce and wholesale home and garden business earlier this year.

Buckinghamshire bed maker Hypnos says a three-month programme of recruitment and factory investments has helped boost mattress capacity by 50 percent as it looks to satisfy retailer demand for its goods.

Halo Creative & Design, parent to premium pitched furniture brand Timothy Oulton, has acquired a country house hotel comprising a 17th century manor after securing new finance worth tens of millions of pounds.

Homeware and furniture retailer Dunelm has refinanced its revolving debt with a new four-year facility (RCF) linked to sustainability performance targets. It also announced the planned departure of its chief financial officer.

Direct-to-consumer mattress and ancillary products company Eve Sleep said it managed to grow ecommerce revenue through November despite lapping difficult comparatives from last year.

Retailer Mattress Online was last week named 2021 Large Business of the Year at the Sheffield Business Awards at a black tie event held in the South Yorkshire city.

British furniture manufacturers' combined turnover rose on an annual basis for an eleventh month straight in October, but fell against pre-Covid levels.

Profits and cash climbed for the group behind adjustable beds and riser recline chair brand Willowbrook in 2020/21 ahead of its disposal to a venture capital and private equity group.

The chief executive of RH, the high-end furniture retailer formerly known as Restoration Hardware, has timelined the planned launch of its debut U.K. gallery next year.

Danish furniture and homeware retailer JYSK took its U.K. footprint to 25 stores on Thursday with the opening of a new unit at Gainsborough, Lincolnshire.

Furniture fair IMM Cologne has become the latest big international German trade show to cancel plans to return in January, with the event now pushed out to 2023.

Furniture and homeware retailer Made.com Group (MADE) says it no longer expects to be profitable at the adjusted EBITDA line this year after product delays from the Far East pushed deliveries of goods already sold to consumers into 2022.

Bed retailer Dreams has appointed Jo Martin as chief marketing officer and promoted Kal Singh to chief operating officer. Both will report directly to Jonathan Hirst, who takes over as CEO from Mike Logue on January 1.

A Chinese ecommerce home furnishings giant with subsidiaries in Japan, Germany and the U.S. has taken a long lease on a large West Midlands warehouse and made a seven-figure equity investment into a new U.K. subsidiary.

RH, the luxury home furnishings retailer formerly known as Restoration Hardware, has named more European cities where it plans to open galleries following the planned launch of RH England in Oxfordshire in 2022.

Furniture and homeware retailer Dunelm has appointed Ben Carter to the newly-created role of chief marketing officer (CMO).

Ecommerce giant Wayfair will kick start the next phase of its brick-and-mortar retail strategy with the opening of three Boston-area stores in 2022. It leaves an imminent U.K. store launch now looking unlikely.

The East Midlands retailer behind the My Furniture ecommerce operation recorded a big uplift in cash and a seven-figure bottom line gain on apparent strong trading through 2020/21.

The company behind the Slumber Slumber online beds and bedding business and prominent independent department stores in Northern Ireland and Wales found profit growth despite lower sales in the past year.

Italian Design Brands (IDB), a private equity backed collective of high-end furniture and interiors companies that launched a U.K. arm this year, has acquired a minority stake in Axolight, an Italian lighting supplier.

Kitchen manufacturing and retail conglomerate Nobia is launching a new brand called Granarp as part of a partnership with MediaMarkt, a prominent pan-European white goods and home electronics retail chain.

Recticel has entered into a binding agreement to sell its Engineered Foam unit to Carpenter Company after shareholders yesterday backed the disposal of the division for €656 million.

Ready-assembled bedroom and living room furniture maker Welcome enjoyed a third straight year of double-digit sales growth in the year to March 31. Profits also increased sharply.

Flooring giant Headlam says it hopes its MCD Kidderminster operation will be taking and delivering orders again later this week after its large Worcestershire facility was hit by a serious fire Monday morning.

JYSK, the inexpensive Danish furniture retailer, says it has recorded positive operating profits in the U.K. for the first time since the business started trading here 13 years ago in 2008.

Adjustable furniture and mobility products retailer CareCo has acquired a warehouse near Leeds that will support its showroom rollout as it builds a national presence.

Revenue jumped by more than a third for The Cotswold Company in 2020/21 with the furniture retailer saying there has been a paradigm shift among consumers towards online shopping that it expects will continue.

Wider margin, lower costs and minimising the impact of store closures helped furniture and furnishings chain Harry Corry grow profits in the year to February 28, 2021.

Heimtextil, the international trade fair for the textiles industry held annually in Frankfurt, has been cancelled, with organisers citing the worsening pandemic situation in Germany.

Home and furniture retailer Dunelm is about to bring its superstore format in town with the opening of a former Debenhams store at Beverley in the East Riding of Yorkshire.

A series of buybacks as part of a share consolidation exercise following an earlier take-private deal mean Britain's largest carpets and beds franchise retailer now has a single owner.

A lower cost base contributed to higher profits at the Sterling Furniture Group in 2020/21, during which the multi-store retailer made significant capital investment.

The company behind entry-level sofa maker Wyvern Furniture leaves creditors with little prospect of a return after it was placed into administration and ceased trading earlier this autumn.

A Thai retail conglomerate whose interests include iconic Milanese department store La Rinascente is said to be close to agreeing a deal to buy retail group Selfridges.

Premium fitted kitchen, bedroom and freestanding furniture manufacturer and retailer John Lewis of Hungerford says the lease of a new property will boost production capacity.

Nick Garratt, the outgoing managing director of the British Furniture Manufacturers (BFM), says the association is primed to expand and that his successor can build on the achievements of the past three years.

Furniture and department store retailer Bradbeers said it expects to refinance a multi-million development loan after it signed up national retailer Marks and Spencer as a tenant for one of its investment properties.

More than 400 U.K. and international brands have signed to exhibit at the January Furniture Show, which returns to the NEC in Birmingham next month after the pandemic prevented the 2021 edition from taking place.

Emerging upholstery company Swyft Home has secured a seven-figure supply chain finance deal designed to support business-to-business growth with third-party retailers.

The rebuild and reconfiguration of the Bensons for Beds national store portfolio will gather pace with eight new and relocated stores to open by the end of this year and a further 35 units through 2022.

Bed components company Spinks has appointed Emma Davidson as commercial director. Her duties include overseeing a just-launched distribution centre facility that will free up additional manufacturing capacity.

An upmarket Australian furniture retailer with stores in countries ranging from New Zealand to China is planning to open its first U.K. store with a prominent flagship in a former bed shop in Central London.

Upholstery giant Man Wah is to acquire a 55 percent stake in a Far East sofa maker that was once one of the largest in the region supplying U.K. furniture retailers.

Optimism is building among U.K. bed manufacturers as future sentiment regarding demand outweighs concerns over input costs and the availability of labour.

Profits dropped by a third for West Yorkshire mattress manufacturer Dura Beds in 2019/20 on lower sales and rising costs.

Montgomery Group, organiser of joinery and furniture manufacturing trade show W Exhibition, has cancelled the planned February 2022 edition, citing Covid, Government restrictions, and an ever-shifting calendar of European exhibitions.

George Adams, a longtime non-executive director at two of the U.K.'s largest home furnishings retail chains, has died suddenly, aged 65, it was announced Tuesday morning.

Airsprung Group was cash generative and boosted profitability in 2020/21 on the successful execution of a limited restructuring programme designed to "better align the needs of the business to the new reality."

Liverpool home and garden retailer Taskers said it significantly outperformed its forecasts in 2020/21 helped by it implementing its strategic plan, the rates holiday and being able to trade throughout the pandemic.

72-store Danish designer furniture retailer Bolia.com, which has sold in the U.K. online since 2016, is to step up expansion plans after a record financial year.

Furniture industry customers and associates of a white-glove delivery and logistics provider based in the Midlands say the business is no longer trading.

Designer Contracts, the national flooring supplier to the house-builder market, is to sponsor the services of Childline for a day next month. It is the fifth time it has done so.

Flooring supplier Victoria is to enter a new product segment after it agreed to buy the rugs division of Belgium's Balta Group. It will also acquire its U.K. polypropylene carpet and non-woven carpet businesses, plus the Balta brand.



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



Already a subscriber?    Sign In