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Clarion Events has expanded and reorganised the management of its Retail portfolio, which includes its furniture shows at both the NEC, Birmingham and Manchester Central.
Saturday, September 30, 2023
Upholstery supplier finds margin after bringing production in house
Sofa manufacturer and wholesaler Scan-Thors (U.K.) returned to profit last year after a decision to bring more of its production in house yielded big margin improvements.
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CFO to step down at flooring group Likewise
Roy Povey, one of several former Headlam executives who helped established challenger flooring supply group Likewise five years ago, is to stand down as chief financial officer.
Designer Contracts md made patron of North Derbyshire hospice
Peter Kelsey, md of Chesterfield-based Designer Contracts, has been made a patron of North Derbyshire’s Ashgate Hospice, in recognition of the floorcoverings supplier's longstanding support for the charity.
Anti Copying In Design celebrates 25th anniversary
The co-founder of Anti Copying In Design (ACID) says there is still much to be done to "change the pervading culture of design theft" as the organisation celebrates its 25th anniversary.
Furniture wholesaler Annaghmore slips to loss on weaker margin, lower sales
Narrower gross margin and lower output saw furniture importer and wholesaler Annaghmore Agencies record a loss last year against a backdrop of challenging conditions.
Profits slide for Scottish home, department store retailer
Net income declined for furniture and department store retailer Barbours through 2022/23, the first full year since all pandemic-related restrictions were eased.
CEO of West Elm parent sells $15m of shares
The longtime CEO of Williams-Sonoma, the furniture and homewares retail group that owns brands including West Elm and Pottery Barn, has sold $15 million worth of shares in the company.
Dreams celebrates 20 years of West Midlands mattress production
Beds market leader Dreams opened up its Oldbury factory on Thursday to celebrates the 20th anniversary of mattress production at the West Midlands site.
Bed retailer moves into new DC as it tracks £6m sales growth
Ecommerce retailer Bed Kingdom has opened a large new West Yorkshire warehouse that will enable the fast-growing company to offer an improved service and shorter lead times.
Leeds retailer emerges as protagonist in U.K.'s online flooring market
Inaugural full disclosure accounts reveal West Yorkshire ecommerce retailer Luxury Flooring to be one of the largest currently operating in the category.
Performance dips from pandemic highs for dining furniture retailer
Profits declined for the second straight year for ecommerce dining furniture retailer Atlantic Shopping in 2022 as elevated demand through the pandemic normalised.
INTELLIGENCE
Market Data
Detailed market information about each of the Upholstery, Beds, Cabinet Furniture and Floorcoverings sectors at suppliers' prices.
Discover the up-to-date value of:
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UK production
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Imports
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Exports
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Key Trading Partners
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Total UK market size
BEST READ IN THE PAST MONTH
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U.K. contract market boosts BoConcept but debt servicing hits global profits
Revenue and earnings dipped for Danish modern furniture conglomerate BoConcept through 2022/23 in a year that still saw some notable successes.
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Entry-level Dewsbury bed maker folds leaving seven-figure debts
The Dewsbury beds manufacturer behind the Komfet brand has filed for insolvency leaving creditors facing a forecast shortfall of approaching £2 million.
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Airsprung owner provides more debt funding to department store retailer
The owner of beds and upholstery group Airsprung and furniture brand Fabb has provided further debt finance to Beales, the once-national department store retailer.
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Frasers Group subsidiary receives £2.6m following TV shopping retailer's collapse
Restructuring advisors at Kroll says they have released an initial multi-million pound distribution to a subsidiary of retail giant Frasers Group, the secured creditor of insolvent TV shopping...
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Suppliers' bad debt exposure limited from MiBed, Hestia restructure
The upstream mattress and upholstery supply chain has limited bad debt exposure following the reorganisation at the motion furniture group behind the MiBed and Hestia brands, according to new...
INTELLIGENCE
Retail Sales
Up-to-date monthly UK retail sales data spanning total furniture and lighting sales PLUS detailed breakdowns for each of the Upholstery, Beds, Cabinet Furniture and Floorcoverings sectors.
Proprietary granular data covering:
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UK retail sales value and y/y delta. Monthly and annual
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DATA & LISTS
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Digest: Upholstery joint venture and foam investment deliver for Whitemeadow
Upholstered furniture producer Whitemeadow enjoyed a strong 2022 thanks to its own performance, but also that of associates and a joint venture.
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New business: Furnishings companies incorporated between Sep. 18–24, 2023
Over 160 new industry companies were incorporated in the period between September 18–24, 2023. Full list by business type.
TOP STORIES
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Upholstery supplier finds margin after bringing production in house
Sofa manufacturer and wholesaler Scan-Thors (U.K.) returned to profit last year after a decision to bring more of its production in house yielded big margin improvements.
-
Victoria addresses fallout from auditor's qualified opinion on its accounts
Flooring conglomerate Victoria moved to reassure shareholders on Friday after what it described as the "considerable reaction" to its auditor's offering a qualified opinion on its 2022/23 results, a consequence of incomplete accounting records at a subsidiary called Hanover Flooring.
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Motion furniture maker Sitting Pretty owner boosted by £11m debt-for-equity swap
The owner of adjustable beds and riser chair maker Sitting Pretty had its business recapitalised last year in a transaction that vaporised £11 million of debt.
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Currency hit South West mattress, bedroom furniture importer's bottom line
A Somerset based group whose activities span mattress production to the sale of bedroom cabinet furniture via online marketplaces booked a loss last year after sterling dropped in the aftermath of "the disastrous mini-Budget."
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Furniture wholesaler Julian Bowen delivers bumper dividend for Swedish owner
The Swedish investment company that acquired Julian Bowen in 2021 collected bumper dividends from the wholesaler last year, as it delivered profits that remained class-leading albeit down on a pro-rata basis.
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OTHER NEWS
CFO to step down at flooring group Likewise
Roy Povey, one of several former Headlam executives who helped established challenger flooring supply group Likewise five years ago, is to stand down as chief financial officer.
Designer Contracts md made patron of North Derbyshire hospice
Peter Kelsey, md of Chesterfield-based Designer Contracts, has been made a patron of North Derbyshire’s Ashgate Hospice, in recognition of the floorcoverings supplier's longstanding support for the charity.
Anti Copying In Design celebrates 25th anniversary
The co-founder of Anti Copying In Design (ACID) says there is still much to be done to "change the pervading culture of design theft" as the organisation celebrates its 25th anniversary.
Furniture wholesaler Annaghmore slips to loss on weaker margin, lower sales
Narrower gross margin and lower output saw furniture importer and wholesaler Annaghmore Agencies record a loss last year against a backdrop of challenging conditions.
Profits slide for Scottish home, department store retailer
Net income declined for furniture and department store retailer Barbours through 2022/23, the first full year since all pandemic-related restrictions were eased.
CEO of West Elm parent sells $15m of shares
The longtime CEO of Williams-Sonoma, the furniture and homewares retail group that owns brands including West Elm and Pottery Barn, has sold $15 million worth of shares in the company.
Dreams celebrates 20 years of West Midlands mattress production
Beds market leader Dreams opened up its Oldbury factory on Thursday to celebrates the 20th anniversary of mattress production at the West Midlands site.
Bed retailer moves into new DC as it tracks £6m sales growth
Ecommerce retailer Bed Kingdom has opened a large new West Yorkshire warehouse that will enable the fast-growing company to offer an improved service and shorter lead times.
Leeds retailer emerges as protagonist in U.K.'s online flooring market
Inaugural full disclosure accounts reveal West Yorkshire ecommerce retailer Luxury Flooring to be one of the largest currently operating in the category.
Performance dips from pandemic highs for dining furniture retailer
Profits declined for the second straight year for ecommerce dining furniture retailer Atlantic Shopping in 2022 as elevated demand through the pandemic normalised.