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.

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.

High-end furniture and home retailer Amara says it has benefitted from the accelerated move by consumers to online shopping in 2020 after a period in which it recalibrated its business via debt refinancing and restructuring.

Furniture retailer Made.com grew sales by more than a fifth last year and is tracking ahead again in 2020. The company has rewarded staff by handing out share options.

Listed ecommerce furniture retailer Home24 has successfully raised €46.4 million from the issue and sale of new equity in the business in a move designed to bolster its balance sheet.

KPMG has made a distribution to unsecured creditors of the predecessor company behind the Swoon brand following the insolvent restructure of the furniture retailer this time last year.

Profits climbed for the U.K. operation of French furniture and home décor retailer Maisons du Monde last year despite its ill-fated Debenhams concessions costing the business 75 pence for every pound of sales.

Molteni&C, the Italian designer furniture manufacturer whose products are sold through high-end retailers worldwide, has launched a first-ever ecommerce store.

Catalogue and Internet retailer's new chief financial officer joins from home shopping competitor.

The Very Group, the Speke-based ecommerce group and one of the U.K.'s largest retailers of furniture, has appointed Matt Grest as its chief information officer (CIO).

The company behind the online furniture search platform ufurnish.com has hired David Marshall as its chief technology officer.

Wayfair has seen a one hundred fold rise in sales in the U.K. and Germany in the past seven years and is now the ecommerce market leader across the home category here.

The ecommerce group that runs a slew of retail brands including Furniture123 built profits and cash in the year to March 31, 2020 as it recorded another big double-digit jump in sales.

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.

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.

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.

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.

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).

Privately-owned retailer trades through four distinct brands, all selling home goods and two of which also carry a comprehensive range of furniture products.

Furniture, home and garden retailer Wayfair will next week host its annual Way Day promotion, the second running of the sales event in the U.K. market after it debuted in 2019.

Ecommerce retailer My Furniture, the pan-European company based in the East Midlands, made a third straight bottom line gain in 2019–20 as it eliminated its prior earnings deficit.

Premium furniture, home and lifestyle retailer's assets were sold on a break-up basis to U.K. ecommerce rival.

Costco, the members-only wholesaler, pumped more cash into its U.K. Internet business after another bumper year of growth, part-driven by the furniture category.

Internet home and garden retailer Wayfair has expanded its U.K. property network, leasing a building in the North West of England.

Growth in the number of branded home companies whose products are available on the ecommerce platform of general merchandise retail giant Next has slowed for the first time in over four years.

Online sales jumped by more than a quarter for IKEA in the U.K. last year but the higher costs associated with servicing its Internet business were a cost headwind.

Home furnishings online search engine and comparison website Ufurnish.com has appointed Toni Wood as its chief marketing officer.

Ecommerce home goods retailer Wayfair has moved to protect shareholder value by authorising the buyback of up to $700 million (£535m) of outstanding class A shares in the company.

Employee headcount fell by 8 percent at pan-European ecommerce furniture retailer Home24 in the first six months of the year, a period that saw it move closer to profit on rising sales.

Online retailer The Very Group, historically one of the top five largest retailers of furniture in the U.K., says sales jumped more than a third in the three months to end June.

Private equity company Advent International is to take a controlling stake in Hermes U.K., the parcel delivery company until now owned by ecommerce and retail giant Otto Group.

After a record quarter, Wayfair's annual revenue run rate across the U.K. and Germany is $1.4 billion (£1.07bn), according to Martin Reiter, head of Europe for the ecommerce home furnishings giant.

Houseology, the high-end furniture, lifestyle and interior design ecommerce brand, has relaunched after its assets were acquired by a former rival earlier this year.

Home furnishings retailer Wayfair almost doubled sales in the second quarter with its CEO believing the step change among consumers to buy online will prove permanent.

A VC that backed Farfetch, Peloton and Deliveroo has led a £3 million funding round for an ecommerce home decorating startup that launched on the first day of lockdown.

Upholstery, cabinet and beds retailer Loaf has extended its warehouse contract with Wincanton. It will become the first beneficiary of the third-party logistics specialist's new dedicated ecommerce facility in the Midlands.

National bed retailer Dreams has acquired the Feather & Black ecommerce operation including its brand name. Feather & Black's already-closed eight stores are not part of the deal and will not reopen.

Studio Retail, owner of the Studio and Ace mailorder and Internet department store brands, has named Paul Kendrick as successor to CEO Phil Maudsley, who leaves next year.

The reintroduction of the Home Essentials brand in April has enabled cross-selling opportunities, says ecommerce and mail-order retailer N Brown Group, with it hoping to attract customers from its other brands.

Trading in the early weeks after lockdown has given ecommerce giant Very Group — one of the country's largest retailers of furniture — hope of arresting an earlier home category sales slide over its full financial year.



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