Tuesday, June 18, 2019
TOP STORIES
East of England retailer Aldiss books higher profits after sales growth returns
Profits climbed at Norwich and Fakenham furniture retailer W.J. Aldiss after a strong order book going into the period helped deliver a return to top line growth.
Large French furniture maker with U.K. distribution enters restructuring process
Parisot, a French furniture kit maker employing over 500 people whose products are sold into the U.K. retail market, has been placed into an insolvency process called redressement judiciaire.
Danish company acquires supplier-to-carpet makers Lawton Yarns
Lawton Yarns, the £37 million turnover carpet yarn spinner whose products are used by a range of U.K. floorcoverings manufacturers, has been sold in a prepack deal.
Southwest furniture retailer cites competitive pressures in volatile market
Privately-owned retailer Fairway Furniture, which operates stores across southwest England, said depressed consumer demand resulted in intense price-led competitive pressures in 2018–19.
High-end furniture maker has "full support of shareholders" following sale of fragrance arm
The owners of luxury goods group Clive Christian say it is "business as usual" for its furniture manufacturing division after its fragrance unit was sold.
Gross margin swing delivers for homewares distributor Sabichi
Home goods distributor Sabichi Homewares booked bigger profits after a fall in the cost of sales outpaced a dip in revenue for the year to October 31, 2018.
Sales pass £11m for bullish Devon carpet maker
Historic floorcoverings manufacturer Axminster Carpets says it will post double-digit revenue growth when it files 2018–19 numbers as it looks to emerge from a turnaround phase.
More than 3,000 consumers in the dark after lighting company collapse
The liquidation of a Yorkshire lighting and home accents business operating under a variety of retail brands leaves consumers facing a fight to recover funds.
Wool supplier and owner of historic carpet maker agreed CVA this spring
H Dawson Sons and Company, the Yorkshire wool supplier and owner of heritage carpet maker Axminster, agreed a company voluntary arrangement (CVA) with creditors this spring that it believes will put the business on sound financial footing.
Ex Dunelm CEO joins Steinhoff's U.K. and European general merchandise arm
Former chief executive at furniture and homeware retailer joins board of Steinhoff in CFO post.
Biggest climb in cabinet imports in 14 months
Year-on-year imports of living, dining and bedroom wood furniture grew at their fastest rate since February 2018 at the beginning of the second quarter.
Four-store kitchen business sold in prepack deal
North West kitchen furniture maker, retailer and installer Earle & Ginger has completed a prepack restructure that secures the future of the brand, customer orders and jobs but leaves creditors facing a six-figure shortfall.
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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John Lewis to spend £21m revamping Peterborough store
John Lewis & Partners is to refurbish its full-line store at the Queensgate Shopping Centre in Peterborough, introducing new features and giving all departments a makeover.
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Sofas and carpets lead retail sales growth in late-Easter fuelled April
Rising upholstery and carpet revenue powered retail sales growth in April as retailers made the most of calendar differences to post higher revenues against the same month a year ago.
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Dreams aims to 'transform market' with new app-controlled motion bed frames
National bed specialist Dreams has introduced two remote and app-controlled adjustable bed frames across its 195-store U.K. network and online.
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IKEA U.K. trading arm books first loss since 1993
The U.K. trading arm of home furnishings retail giant IKEA has posted its worst net result here in a quarter of a century despite it continuing to build out its market share.
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Big-ticket consumer confidence improved in May
Shoppers' propensity to spend money on high value items such as furniture improved for the first time in three months in May, according to the closely-followed Consumer Consumer Index.
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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Breakdown by product category
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Historical data
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Monthly and annual figures
OPINION & ANALYSIS
New bed boss arrives from outside sector but with highly-relevant experience
The first time I met Steve Freeman, who is stepping down as group managing director at Silentnight, was in rather awkward circumstances.
The common thread, and threat, linking IKEA and elite U.K. furniture independents
On the surface, there is little in common between global conglomerate IKEA and Britain's best independent furniture retailers. But the home furnishings market leader does share one very important trait — a strength which is also a threat.
Money looks after money, also in the furniture industry
More on the fallout from the closure of Hull furniture maker Kingstown.
All rise for the bed evangelists
"Early to bed, early to rise — work like hell and advertise," is a modern day business adaptation of a centuries old proverb originally intended to advocate the benefits of rest.
DATA & LISTS
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Debt Report: Who's owed what by insolvent industry companies — June 14, 2019
Today's list contains seven insolvent companies leaving combined debts of £830,000. Names all c. 30 creditors owed £10,000 or more.
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Furniture industry bankruptcies announced between June 8–14, 2019
Seven insolvencies from within the furniture and furnishings industry were announced in the period June 8–14, 2019.
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Debt Report: Who's owed what by insolvent industry companies — June 7, 2019
Today's list contains six insolvent companies leaving combined debts of £14.8 million. Names all c. 60 creditors owed £10,000 or more.
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Who's gone bust: Industry bankruptcies announced between June 1–7, 2019
Five insolvencies from within the furniture and furnishings industry were announced in the period June 1–7, 2019.
TOP STORIES
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East of England retailer Aldiss books higher profits after sales growth returns
Profits climbed at Norwich and Fakenham furniture retailer W.J. Aldiss after a strong order book going into the period helped deliver a return to top line growth.
-
Large French furniture maker with U.K. distribution enters restructuring process
Parisot, a French furniture kit maker employing over 500 people whose products are sold into the U.K. retail market, has been placed into an insolvency process called redressement judiciaire.
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Bedding and soft furnishings chain Yorkshire Linen ceases trading
A landlord-only CVA agreed earlier this year wasn't enough to save the erstwhile 27-store bedding and soft furnishings chain Yorkshire Linen, which has ceased trading following the appointment of administrators.
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Bedroom furniture maker's new management reported historic accounts concerns to HMRC
The sale of North West furniture maker Harrison Brothers last month provides a fresh start for the bedroom producer and its new management team.
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London gallery for high-end retailer RH could transform southeast furniture market
A first London gallery for high-end American furniture retailer RH, formerly known as Restoration Hardware, could move a step closer with executives due to cast their eye over a series of properties in the weeks ahead.
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Profits fall at 66-store value department store chain
Narrower gross margin and a property impairment charge offset the impact of higher sales at value department store chain Boyes in 2018–19.
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China remains on a roll despite U.K. mattress import slump
Bed imports into the U.K. are tracking lower in 2019 after four reported months of the year with April seeing a biggest fall yet in the value of sprung and foam mattress arriving from overseas.
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John Lewis merges £3.5m home business bought in 2018 prepack with existing services arm
John Lewis & Partners is to create a single home improvement services division by integrating a company it bought in a prepack last year with its existing Home Solutions business.
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Sofa shipments into Britain up by more than a quarter in April
Chinese sofa imports were up by almost half in April to drive a 27 percent overall year-on-year leap in the total value of upholstered furniture arriving on British shores for the month.
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Bust bedco restored to register pending compensation claim
A British court has ruled that a Yorkshire bed maker that collapsed four years ago amid a human trafficking scandal be restored to the company register.
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OTHER NEWS
Danish company acquires supplier-to-carpet makers Lawton Yarns
Lawton Yarns, the £37 million turnover carpet yarn spinner whose products are used by a range of U.K. floorcoverings manufacturers, has been sold in a prepack deal.
Southwest furniture retailer cites competitive pressures in volatile market
Privately-owned retailer Fairway Furniture, which operates stores across southwest England, said depressed consumer demand resulted in intense price-led competitive pressures in 2018–19.
High-end furniture maker has "full support of shareholders" following sale of fragrance arm
The owners of luxury goods group Clive Christian say it is "business as usual" for its furniture manufacturing division after its fragrance unit was sold.
Gross margin swing delivers for homewares distributor Sabichi
Home goods distributor Sabichi Homewares booked bigger profits after a fall in the cost of sales outpaced a dip in revenue for the year to October 31, 2018.
Sales pass £11m for bullish Devon carpet maker
Historic floorcoverings manufacturer Axminster Carpets says it will post double-digit revenue growth when it files 2018–19 numbers as it looks to emerge from a turnaround phase.
More than 3,000 consumers in the dark after lighting company collapse
The liquidation of a Yorkshire lighting and home accents business operating under a variety of retail brands leaves consumers facing a fight to recover funds.
Wool supplier and owner of historic carpet maker agreed CVA this spring
H Dawson Sons and Company, the Yorkshire wool supplier and owner of heritage carpet maker Axminster, agreed a company voluntary arrangement (CVA) with creditors this spring that it believes will put the business on sound financial footing.
Ex Dunelm CEO joins Steinhoff's U.K. and European general merchandise arm
Former chief executive at furniture and homeware retailer joins board of Steinhoff in CFO post.
Biggest climb in cabinet imports in 14 months
Year-on-year imports of living, dining and bedroom wood furniture grew at their fastest rate since February 2018 at the beginning of the second quarter.
Four-store kitchen business sold in prepack deal
North West kitchen furniture maker, retailer and installer Earle & Ginger has completed a prepack restructure that secures the future of the brand, customer orders and jobs but leaves creditors facing a six-figure shortfall.