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Torben Villadsen is to step down as CEO at Actona Company after almost 25 years with the Denmark-based furniture design and wholesale business.
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Earnings climbed at global furniture wholesaler Actona as the Denmark headquartered business found margin amid flat revenues.
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Italian furniture maker makes bond with electronics titan in bid to woo design-conscious millennials
Molteni&C, the designer furniture and lifestyle company, has formed a collaboration with the ultra-premium brand of consumer products giant LG Electronics.
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- RETAIL & DISTRIBUTION
Furniture stores in Wales are among the non-essential retailers who have been ordered to close for two weeks following the announcement of a 'firebreak' by First Minister Mark Drakeford. Stores in Ireland face an even longer shutdown.
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It is unlikely that people will go back into the office in the same way as they did pre-pandemic according to a new report that has implications for the residential furniture sector.
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The owners of furniture retailer Laws of Perth have announced the planned permanent closure of the business after they accepted an offer on the building premises.
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John Lewis & Partners, one of the biggest retailers of furniture in Britain, will add more inexpensive products to its home offer as part of a wide-ranging revamp that will also see the introduction of a buy or takeback option across all furniture.
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Department store and beds retailer S.D. Kells posted a ninth successive sales climb in 2019–20 but cautioned of the significant impact of the coronavirus pandemic on trading in the period since.
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Lukehurst, the third generation Kent home furnishings retailer celebrating its 50th anniversary, says it plans to press ahead with expansion next year.
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Year-on-year sales have jumped by almost £100 million since the beginning of July for out-of-town furniture and homewares retailer Dunelm with the bulk of the gains coming from its digital sales channels.
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A South Wales furniture maker with worldwide revenue north of £90 million has expanded into the residential sector with the launch of a comprehensive design-led home office and living collection.
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- RETAIL & DISTRIBUTION
Bensons for Beds says it will shift its focus to special offers and deals throughout most of November rather than participate in the Black Friday promotion this year.
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The diversified home, gift and furniture wholesaler SIL slipped to a loss last year against a backdrop of weaker global growth and Brexit-related uncertainty.
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Walker Greenbank, the interior furnishings manufacturer and distributor, will simplify its structure by rebranding as Sanderson Design Group later this year in a move it says better reflects its activities.
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Bedding manufacturer, distributor and licensee Comfy Quilts found growth in 2019–20 buoyed by increased demand from an online retailer with whom it has familial ties.
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The Italian group that makes furniture under licence for a series of high-end lifestyle brands spanning Fendi Casa and Bentley Home has strengthened its leadership team.
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- RETAIL & DISTRIBUTION
Balance payment for 18-store off-price furniture and department store chain had been due just before lockdown, but remained unpaid six months on.
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British furniture manufacturers continued to narrow the year-on-year production deficit as they brought employees back from furlough, new Government figures show.
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August saw a ninth straight annual slide in living, dining and bedroom cabinet imports with all five of the most recent months seeing double-digit declines.
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Ecommerce retailer The Very Group grabbed a bigger slice of the home market as modest growth pre-pandemic exploded in the final quarter of its 2019–20 financial year.
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- RETAIL & DISTRIBUTION
Innovation paid dividends for Yorkshire chair specialist HSL with the group recording a six-figure corporation tax credit despite achieving pretax earnings north of £2 million last year.
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- RETAIL & DISTRIBUTION
Specialist furniture vertical HSL found the sweet spot in 2019 as its 59-store retail network and home consultations delivered top and bottom line growth.
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- RETAIL & DISTRIBUTION
Drafts in longtime footwear boss in non-executive capacity.
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The production company behind a new business investment television show is calling for furniture makers who may be interested in participating to contact them.
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Shortages of foam and particle board are reducing production capacity and driving costs up, according to the British Furniture Manufacturers (BFM), which says retailers should brace for price increases.
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Case goods supplier Willis & Gambier has a new visual identity after its new owner revealed the outcome of its largest investment yet since acquiring the brand last summer.
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- RETAIL & DISTRIBUTION
North West outdoor furniture and furnishings company Moda has agreed a £7 million funding package as it looks to keep pace with rapid growth over the past year.
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Rauch Möbelwerke, the German furniture manufacturer with a big U.K. presence, has named Markus Jansen as its new international sales director.
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- INTERNATIONAL
The new owner of the Habitat furniture retail business outside the U.K. will be granted an exclusive licence to operate the brand but will not immediately own the intellectual property.
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Multi-depot wholesaler STS Flooring Distributors booked higher profits last year on wider gross margin and tight control over costs.
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- INTERNATIONAL
Ingka Group, the largest IKEA worldwide franchisee, was bracing to report a record deficit as a result of the pandemic until surging online sales helped it recuperate losses.
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- RETAIL & DISTRIBUTION
The pandemic accelerated ecommerce growth at And So To Bed but the high-end bedroom retailer said it would have made strong gains regardless after investment last year.
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Revenue declined at Atlantic Shopping in 2019 but the Midlands dining retailer continued to return a double-digit net margin and was well set up for the surge in ecommerce this year.
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But North West conglomerate said it has still restructured its workforce to cut staff headcount by 20 percent, anticipating falling demand.
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- RETAIL & DISTRIBUTION
The reconfigured Sofa Workshop by Timothy Oulton network is preparing to reopen following its sale to the Halo Group by DFS. Its new owner's handwriting is self-evident from the get-go.
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The Moot Group, the company behind the Olivia's and Houseology brands and which generates millions from licensing its technology platform, is to expand internationally ahead of an investment round.
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The entire Dänisches Bettenlager retail network in Austria has been renamed as JYSK as part of a brand realignment exercise. It leaves the original brand name present in only one market worldwide.
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Demand for home and leisure goods is driving growth for home shopping brand Studio Retail, with sales across the combined categories almost doubling since April.
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Home and gift lines helped counter weak demand across other product categories for home shopping retailer N Brown in the past six months, the company said yesterday (Sep. 30).
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The company behind department store retailer Browns of York booked a smaller net loss in 2019–20 and says it will explore options for its first-ever ecommerce website.
