N Brown, the home shopping group, says the launch of a standalone furniture and homewares business has provided a sales fillip amid a challenging backdrop.

French furniture and home accents retailer Maisons du Monde said online orders in April skyrocketed, but it didn't list the U.K. among its top performing markets.

Wayfair was not alone in seeing demand almost double in April with one of its biggest pan-European rivals seeing a similar upswing in demand as more customers stayed home and shopped online.

Large pan-European furniture retailer Beliani — whose operations include a dedicated U.K. storefront — has become one of the first major home ecommerce businesses to accept cryptocurrency payments.

Studio, the major general merchandise retailer that is transitioning from paper to digital distance selling, has appointed a new trading director with more than 15 years' senior experience.

Ecommerce giant Wayfair has near doubled sales since lockdowns were introduced across the markets it operates, as customers shifted spending to the Internet for home goods.

Exit from Internet furniture, home and lifestyle retailer coincides with appointment in the aviation services sector.

The Advertising Standards Authority (ASA) has upheld a complaint regarding advertising by ecommerce retailer Furniture123 in a ruling instructive for others in the industry.

Maisons du Monde, one of Britain's largest Internet furniture and home décor retailers, says it has seen a spike in online orders but not at a level to prevent the closure of its international store network harming total sales.

Having secured £8 million in debt and equity funding, retailer has "firepower to increase market penetration."

Blue Sun Tree, the Loughborough based etailer of modern, contemporary and classic designer furniture, folded last month leaving creditors facing a shortfall.

The U.K. arm of ecommerce giant eBay is enabling British retail SMEs in the furniture and homewares categories to list for free on its platform through spring as it aims to drive its own business and help support the economy.

Scottish homewares retailer The Rug Stores has rebranded its business to reflect its broader product offering. It is now called Ornatus Interiors.

Home and furniture etailer Amara Living has in the past month completed a high seven-figure refinancing exercise that sees it generate millions of pounds in equity and debt funding.

Home furnishings giant Wayfair says its "ecommerce model is uniquely suited to serving customers’ very real needs at this challenging time," as it announced sales growth has rocketed in the past fortnight.

Britain's competition watchdog is to escalate its investigation into the completed takeover of the company behind ecommerce retailer 247Blinds by the owner of Hillarys into a Phase 2 inquiry, heightening the possibility of enforcement action.

The release of selected financial figures indicate a breakout year for privately-owned ecommerce retailer Furniture Box in 2018–19.

New filings reveal size of Business Growth Fund stake.

Losses widened for Wayfair in 2019 but the home furnishings giant said it made "rapid" U.K. market share gains as it invested in building brand awareness here.

A Staffordshire ecommerce group behind two high-end furniture and lifestyle retail websites has acquired the assets of Houseology, the premium home etailer that ceased trading last month.

New statutory filings disclose the depth of expected creditor shortfall at premium online furniture and lifestyle retailer Houseology Design Group, which was placed into administration last month.

Ecommerce retailer Wayfair U.K. has brought its CosmoLiving by Cosmopolitan programme of furniture and home accents to its British business for the first time.

Luxury furniture and interiors platform LuxDeco said it grew sales by more than a third during the final three months of 2019 as it bucked the malaise afflicting rivals.

Pan-European Internet retailer Home24 said it was profitable by one earnings measure in the fourth quarter as it began to reap the benefit of efficiency initiatives.

Home furnishings ecommerce giant Wayfair is to lay off 550 people worldwide, representing about 3 percent of its global workforce, according to the Boston Globe.

The website, database, brand and other intellectual property of Internet furniture and lifestyle retailer Houseology are being marketed for sale following the business being placed into administration last month.

Former Steinhoff U.K. CEO left board of cabinet furniture retailer The Cotswold Company late last year.

N Brown Group, the ecommerce retailer majoring in fashion but also selling a comprehensive furniture programme, has appointed Sarah Welsh to the new role of retail CEO.

Former company officials last month completed a prepack deal for the assets of the circa £4 million turnover furniture retailer HOS Home, which ceased trading last October.

Houseology, the high-end Internet home and furniture retailer that had accumulated losses north of £9 million at the time of its last public disclosure, has stopped trading and been placed into administration.

Ecommerce design platform Decovry has acquired the assets of German furniture marketplace Monoqi and plans to build a bigger U.K. business as a consequence.

The Internet will account for a fifth of all U.K. retail spend within the next four years, according to new research by GlobalData, the analytics and data company.

Shop Direct's transition to become The Very Group has completed with the North West home shopping retailer reporting mid single-digit growth over the festive season at its principal brand.

Furniture retailer Loaf has appointed a replacement chief financial officer for Tim Parfitt, who left the company for a new role in the beds sector last year.

Former lenders to Swoon now control 30 percent of the predominantly ecommerce furniture retailer after the prepack administration deal that rescued the business before Christmas.

Business Growth Fund, which has held minority positions in a number of U.K. furniture and flooring businesses, this summer added a stake in the company behind Internet retailer Furniture123 to its portfolio of investments.

Underlying profits up but tax charge impacts net result for London based mail-order and ecommerce brand.

European ecommerce home and living retailer Home24 had no problems generating higher sales in the third quarter, but money left the business with equal haste.

Home furnishings ecommerce giant Wayfair recorded a wider loss in the third quarter citing greater-than-anticipated impact from tariffs, which in turn led to customers extending the 'think time' before buying.

Shop Direct, owner of the Very and Littlewoods brands, said furniture and homeware sales returned to growth in the six months to end June after a series of initiatives yielded positive results.



To read the full story: