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.

Multiple share issues net growth funds for VC-backed direct-to-consumer Gloucestershire based bedding retailer and wholesaler.

Revenue growth accelerated for online furniture and homewares retailer Cox & Cox after the Government mandated the closure of stores and instructed people to stay at home.

Furniture retailer Made.com has agreed a new term loan and renewed an existing credit line as it looks to capitalise on growth opportunities and shield itself from risk.

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."



To read the full story: