Higher costs and a slight fall in sales meant profits were lower but still class-leading at South East furniture retailer Vale Furnishers last year.

The new owner of the 90,000sqft Greater Manchester superstore of independent furniture retailer Cousins has timetabled its plans for the site and disclosed the value of its investment in the property.

A business retailing high-end designer furniture brands online and from premises in North Yorkshire folded last month leaving nearly 200 consumers owed an average of about £2,000 apiece.

A Glasgow based upholstery, window-dressings and interior fabrics retailer has been placed into administration after closing its three stores and ceasing trading a week ago.

Two of the largest privately-owned furniture and beds retailers in the South East have opted to close stores amid the unfolding coronavirus crisis, among the first major independents in England to do so.

Andersons of Inverurie, one of the largest single-store furniture retailers in the U.K., last night closed its store to the public because of the coronavirus pandemic.

Creditors of the no-longer-trading independent furniture retailer Holdens of Newark face an expected shortfall north of £800,000, the biggest sum being a collateralised intra-group balance.

Ashford retailer Ashbury Furniture will close for good today (Feb. 17) after the privately-owned company suffered a downturn because of extended roadworks.

Executive departs Lincolnshire independent for St. Helier department store.

West Midlands and North West independent furniture retailer Cousins is to permanently close its Greater Manchester store, and will kickstart a closing down sale tomorrow morning.

The managing director of Cookes Furniture, one of the largest independents in the country, says he is confident the market will improve in 2020 after last year proved "undeniably challenging for retail."

Profits jumped for Ponsford, one of the largest furniture retailers of its type in the country, as the privately-owned company found savings and margin improvement in 2018–19 amid lower turnover.

Bath furniture retailer Silcox Son and Wicks is planning a major refurbishment project at its New Street store that will see it close for the bulk of the year ahead.

Alan Ward, one of the U.K.'s most prominent independent furniture and floorcoverings retailers, has sold its shareholding in its standalone storage business for £6 million.

Glasswells, one of the U.K.'s largest independent furniture retailers, completed another four-figure fund raise at its annual quiz night, generating money this year for the My WiSH charity.

Upmarket Scottish retailer Shapes Furniture, based just outside of Edinburgh, is clearing all stock ahead of its planned permanent closure.

Taskers, the major Liverpool based furniture and home improvement retailer, says the early signs of its restructured operations are encouraging. It follows the business narrowing its net loss in 2018–19.

The company behind the Fields of Sidmouth and Goulds of Dorchester stores in southern England initiated a cost-saving exercise in 2018–19 amid tough trading conditions.

The closure this autumn of furniture retailer Richard Lefton Furnishings leaves creditors facing a combined six-figure shortfall according to statutory filings.

Revenue dipped at heritage department store retailer Austins of Newton Abbot in 2018–19, ending a half decade run of consecutive growth.

Privately-owned high-end home retailer and design company Day True has opened a third London showroom with a space in the heart of Wimbledon Village.

Sales advanced for the second straight year at the privately-owned group behind three heritage department stores and the Slumber Slumber ecommerce beds website.

Sales climbed at Sussex and Surrey retailer Collingwood Batchellor in the year to January 27, 2019 with the furniture and department store operator having since gone on to find additional ways to deploy its assets.

The company behind the Elphicks of Farnham department store business and a separate bed shop in Dorking cut its net loss in half in the period preceding the closure of its New Malden store this summer.

A return to sales growth helped 2018–19 profits inch forward for Yorkshire and Teesside based floorcoverings retailer Calverts Carpets.

Shallower margins hit profits at South Coast furniture and department store retailer Bradbeers in 2018–19 despite continued top line growth. A property revaluation impacted reported net income.

Oldrid & Co., the privately-owned company behind the furniture and department store fascia Oldrids and Downtown in Lincolnshire, said the acquisition last year of additional land ahead of a major new development protects the asset.

But margin swing and higher tax charge contributes to profits halving for the three-store business.

Privately-owned store group Oldrid & Co. cut its deficit by two thirds and slowed the rate of sales decline for high value items such as furniture in 2018–19.

Wider margins and higher like-for-like sales order intake helped North West furniture and home department store retailer Housing Units book profits up by more than a third in 2018–19.

A judge has sentenced Pascal Blasio, owner of furniture store Homes In Style, to 20 years in prison after he was found guilty of causing an explosion likely to endanger life and of fraud in relation to an insurance claim.

Cash and asset rich independent further shores up balance sheet in year that saw it book a wider deficit on lower sales.

Underlying profits declined at East of England retail, property and business services group Jarrold & Son in 2018–19 on the back of narrower gross margin.

Figures weaken at two-store retailer.

Fitted furniture maker and retailer bolstered balance sheet in more challenging trading year.

lucasAylesburyPlan
How the store will look from the nearby Aylesbury Vale Parkway Railway Station.
Stokers' plans to "future proof" the Lucas of Aylesbury business it acquired four years ago have stepped up after it began work on its new 75,000sqft store in the Buckinghamshire town.

Long-established southern furniture and home retailer discloses value of property deal following decision to restructure operations and relocate.

Hatters Fine Furnishings, one of the U.K.'s largest single-store furniture retailers, is close to completing a six-figure extension project at its South East England store.

Norfolk retailer Better Furniture is to consolidate its business at a single shop and online after announcing the planned shutdown of one of its two stores.

Furniture and carpets retailer Coytes, which operates three stores in Burton-on-Trent, has consolidated at two of the sites in the town after closing a longstanding unit.



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