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March 24, 2023
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The Furnishing Report
Friday, March 24, 2023
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Furniture wholesaler Kettle Interiors U.K. aims to secure future via restructuring process

Stakeholders in wholesaler Kettle Interiors U.K. are working to complete a restructuring process that will secure the future of the Corby based furniture supplier.


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Furniture wholesaler Kettle Interiors U.K. aims to secure future via restructuring process

ScS to keep tabs on demand after rival DFS ends 4-year IFC option

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Furniture and lighting retail sales up £30.5m in February

The value of furniture and lighting sales inched forward at well-below inflation rates in February according to data released Friday morning by the Office for National Statistics (ONS).

Ownership change at Amazon mattress seller

A seven-figure vendor of mattresses, divans, headboards and bed sets on the Amazon marketplace platform has a new shareholder following ownership adjustments.

Household industry names to show at Northpoint in April

The Northpoint Furniture Show will open its doors to retail buyers later this spring with representatives of more than 30 household names from the U.K. and international furniture and bed sector having signed up to exhibit.

£20m sofa retailer switches two-person delivery provider

Sofa Club, the upholstered furniture retailer that sells online and through dedicated lounges in the walkways of U.K. shopping centres, has agreed a two-person home delivery contract with Panther Logistics.

Buyout of mail-order company Scotts yields £3.5m for creditors

The takeover of Scotts by WoolOvers Group will yield more than £3.5 million for creditors though that won't be nearly enough to satisfy the mail-order retailer's outstanding liabilities.

Household furniture price inflation eases to 18-month low

Consumer price inflation for household furniture eased for the sixth month in a row in February, reaching its lowest level in a year and a half.

Flooring supplier files second notice of intent to appoint an administrator

A South East floorcoverings supplier filed a second notice of intent to appoint an administrator on Tuesday as stakeholders closed in on an apparent restructure.

IKEA opens second of three North West micro stores

Retail giant IKEA opened a Plan & Order Point in Stockport, Greater Manchester on Monday, the second of three iterations of the new-format stores that are planned for North West England.

NBF bolsters marketing support for bed retailers with new toolkits

The National Bed Federation (NBF) has boosted its retailer support offering with five marketing toolkits to increase awareness of the NBF-approved tick, and to share advice around the bed-buying process, after-purchase care, and mattress settlement.

High six-figure profits for U.K. arm of Gloster Furniture

The U.K. subsidiary of Swiss-owned upmarket outdoor furniture brand Gloster maintained high six-figure profits in the year to December 31, 2022, new accounts reveal.

INTELLIGENCE

Market Data

marketsRow
Detailed market information about each of the Upholstery, Beds, Cabinet Furniture and Floorcoverings sectors at suppliers' prices.


Discover the up-to-date value of:

  • UK production

  • Imports

  • Exports

  • Key Trading Partners

  • Total UK market size

 

BEST READ IN THE PAST MONTH

  • Six-figure Cox & Cox buyout leaves consumers in tough spot

    Consumers with outstanding orders from the Cox & Cox predecessor company will have to try and reclaim cash from their card providers after restructuring advisors brokered a six-figure deal for the...

  • Industry supplier comes to rescue of £41m bed brand Dormeo

    Major direct-to-consumer mattress business Dormeo U.K. has traded continuously through an insolvent restructure after a diversified international bed industry supplier came to its rescue.

  • Dormeo buyout prevents domino effect of job losses, says administrator

    Restructuring advisors say all outstanding orders will be fulfilled following the buyout of the business of Dormeo U.K. last week in a deal that effectively saves hundreds of jobs.

  • Web furniture sales dropped £300m as consumers returned to stores last year

    In-store furniture retail sales made huge gains last year as U.K. lockdown trends reversed to the detriment of the ecommerce channel.

  • Owners take debt investment in Sealy U.K. to over £17m

    Tempur Sealy International and Sealy Australia have provided an additional £9 million of debt investment into their Sealy U.K. joint venture in the past four months to support its Cumbria-based...

INTELLIGENCE

Retail Sales

storeInterior110Up-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:

  • UK retail sales value and y/y delta. Monthly and annual

  • Breakdown by product category

  • Historical data

  • Monthly and annual figures

 

Furniture and lighting retail sales up £30.5m in February

The value of furniture and lighting sales inched forward at well-below inflation rates in February according to data released Friday morning by the Office for National Statistics (ONS).

Ownership change at Amazon mattress seller

A seven-figure vendor of mattresses, divans, headboards and bed sets on the Amazon marketplace platform has a new shareholder following ownership adjustments.

Household industry names to show at Northpoint in April

The Northpoint Furniture Show will open its doors to retail buyers later this spring with representatives of more than 30 household names from the U.K. and international furniture and bed sector having signed up to exhibit.

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DATA & LISTS

  • Taking stock: Unpacking Kettle's restructuring process

    News of an impending restructure at furniture wholesaler Kettle Interiors U.K. will not come as a huge surprise to many. Few companies have elicited more trade speculation in recent times.

  • Scotts buyout: Print pain and cash depletion

    The insolvent buyout of assets of the predominantly mail-order business Scotts of Stow earlier this month came as a surprise given its last public record figures show it recorded profits of almost £4 million.

TOP STORIES

  • Furniture wholesaler Kettle Interiors U.K. aims to secure future via restructuring process

    Stakeholders in wholesaler Kettle Interiors U.K. are working to complete a restructuring process that will secure the future of the Corby based furniture supplier.

  • ScS to keep tabs on demand after rival DFS ends 4-year IFC option

    Upholstery and flooring retailer ScS is to evaluate how consumers respond to DFS cutting its interest free credit offer by 12 months earlier this month, but says its own focus will remain offering optimum value.

  • Bensons for Beds to hire chief retail officer amid expanded remit for COO

    Bensons for Beds chief operating officer Gavin Chappell is taking on additional responsibilities as part of plans by the national retailer to divide the role of chief customer officer into separate parts.

  • Vast new DC is biggest-ever investment in physical assets, says Dreams

    Dreams has officially opened its new warehouse at Willenhall in the West Midlands, describing the 260,000sqft facility as its largest investment in physical assets to date.

  • ScS would look at it seriously if right sofa maker became available, says CEO

    The CEO of ScS says the the upholstery retailer, which is flush with cash and has no debt, would give serious consideration to vertical integration if the right opportunity was passed across his desk.

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TCS Imports

Furniture wholesaler Kettle Interiors U.K. aims to secure future via restructuring process

ScS to keep tabs on demand after rival DFS ends 4-year IFC option

Bensons for Beds to hire chief retail officer amid expanded remit for COO

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CIFF 2023

Furniture wholesaler Kettle Interiors U.K. aims to secure future via restructuring process

ScS to keep tabs on demand after rival DFS ends 4-year IFC option

Bensons for Beds to hire chief retail officer amid expanded remit for COO

Vast new DC is biggest-ever investment in physical assets, says Dreams

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Furniture Makers Company

OTHER NEWS

Furniture and lighting retail sales up £30.5m in February

The value of furniture and lighting sales inched forward at well-below inflation rates in February according to data released Friday morning by the Office for National Statistics (ONS).

Ownership change at Amazon mattress seller

A seven-figure vendor of mattresses, divans, headboards and bed sets on the Amazon marketplace platform has a new shareholder following ownership adjustments.

Household industry names to show at Northpoint in April

The Northpoint Furniture Show will open its doors to retail buyers later this spring with representatives of more than 30 household names from the U.K. and international furniture and bed sector having signed up to exhibit.

£20m sofa retailer switches two-person delivery provider

Sofa Club, the upholstered furniture retailer that sells online and through dedicated lounges in the walkways of U.K. shopping centres, has agreed a two-person home delivery contract with Panther Logistics.

Buyout of mail-order company Scotts yields £3.5m for creditors

The takeover of Scotts by WoolOvers Group will yield more than £3.5 million for creditors though that won't be nearly enough to satisfy the mail-order retailer's outstanding liabilities.

Household furniture price inflation eases to 18-month low

Consumer price inflation for household furniture eased for the sixth month in a row in February, reaching its lowest level in a year and a half.

Flooring supplier files second notice of intent to appoint an administrator

A South East floorcoverings supplier filed a second notice of intent to appoint an administrator on Tuesday as stakeholders closed in on an apparent restructure.

IKEA opens second of three North West micro stores

Retail giant IKEA opened a Plan & Order Point in Stockport, Greater Manchester on Monday, the second of three iterations of the new-format stores that are planned for North West England.

NBF bolsters marketing support for bed retailers with new toolkits

The National Bed Federation (NBF) has boosted its retailer support offering with five marketing toolkits to increase awareness of the NBF-approved tick, and to share advice around the bed-buying process, after-purchase care, and mattress settlement.

High six-figure profits for U.K. arm of Gloster Furniture

The U.K. subsidiary of Swiss-owned upmarket outdoor furniture brand Gloster maintained high six-figure profits in the year to December 31, 2022, new accounts reveal.


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