Saturday, December 4, 2021
Furniture retailer Sterling profits rise in year of investment
A lower cost base contributed to higher profits at the Sterling Furniture Group in 2020/21, during which the multi-store retailer made significant capital investment.
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Selfridges, which raised £50m from equity issue earlier this autumn, said to have agreed sale
A Thai retail conglomerate whose interests include iconic Milanese department store La Rinascente is said to be close to agreeing a deal to buy retail group Selfridges.
New DC frees up production capacity for cabinet furniture vertical
Premium fitted kitchen, bedroom and freestanding furniture manufacturer and retailer John Lewis of Hungerford says the lease of a new property will boost production capacity.
BFM is in strong position says md as he prepares to take new role
Nick Garratt, the outgoing managing director of the British Furniture Manufacturers (BFM), says the association is primed to expand and that his successor can build on the achievements of the past three years.
January Furniture Show returns across four halls of the NEC next month
More than 400 U.K. and international brands have signed to exhibit at the January Furniture Show, which returns to the NEC in Birmingham next month after the pandemic prevented the 2021 edition from taking place.
Sofa-in-a-box brand agrees finance to build sales with retailers
Emerging upholstery company Swyft Home has secured a seven-figure supply chain finance deal designed to support business-to-business growth with third-party retailers.
Spinks appoints commercial director with brief to oversee new DC
Bed components company Spinks has appointed Emma Davidson as commercial director. Her duties include overseeing a just-launched distribution centre facility that will free up additional manufacturing capacity.
Thinner margin, higher distribution costs for Batley bed maker
Profits dropped by a third for West Yorkshire mattress manufacturer Dura Beds in 2019/20 on lower sales and rising costs.
Furniture manufacturing show W Exhibition rescheduled to 2023
Montgomery Group, organiser of joinery and furniture manufacturing trade show W Exhibition, has cancelled the planned February 2022 edition, citing Covid, Government restrictions, and an ever-shifting calendar of European exhibitions.
ScS, Nobia non-executive director George Adams dies aged 65
George Adams, a longtime non-executive director at two of the U.K.'s largest home furnishings retail chains, has died suddenly, aged 65, it was announced Tuesday morning.
High-end Danish furniture brand to open stores every month after record year
72-store Danish designer furniture retailer Bolia.com, which has sold in the U.K. online since 2016, is to step up expansion plans after a record financial year.
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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Half-year profits jump for Man Wah on record high revenue
Profits at Man Wah Holdings, the recliner and upholstery giant with factories across the Far East and Eastern Europe, climbed almost a third in the six months to end September as sales jumped to...
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Upholstery group Sofa Brands International opens new factory as it looks build capacity
The group behind the Parker Knoll, G Plan, Duresta, Collins and Hayes and The Lounge Co upholstery brands is opening a new factory in Worcestershire as it looks to build capacity and future proof...
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Bensons for Beds opens final mile distribution hub in North East
National retailer Bensons for Beds has opened a distribution hub in the North East that will provide home delivery to customers across large parts of the North of England.
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Mattress brand Casper, which pulled out of the U.K. last year, to be sold to private equity
Casper Sleep, the direct-to-consumer brand that was at the vanguard of the bed-in-a-box movement, is to be taken private after it signed a definitive agreement to be acquired by Durational Capital...
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Q3 sales jump for Ashley Manor, Alstons owner but rising costs weigh on profits
The upholstery group behind the Alstons, Ashley Manor, AMX Design and Alexander & James brands continued to make top line gains in the three months to end September, but the inflationary cost...
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
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DATA & LISTS
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The Debt Report: Filings in the week to December 3, 2021
Four companies left debts of £3.5 million with 25 entities owed £10,000 or more.
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The Insolvency Report: Filings in the week to December 3, 2021
Seven insolvencies from within the furniture and furnishings industry were announced in the seven days to December 3, 2021.
TOP STORIES
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Furniture retailer Sterling profits rise in year of investment
A lower cost base contributed to higher profits at the Sterling Furniture Group in 2020/21, during which the multi-store retailer made significant capital investment.
-
Ex-Christie Tyler sofa factory creditors face £3.3m shortfall
The company behind entry-level sofa maker Wyvern Furniture leaves creditors with little prospect of a return after it was placed into administration and ceased trading earlier this autumn.
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M&S agreement boosts furniture, department store retailer's debt refinance plans
Furniture and department store retailer Bradbeers said it expects to refinance a multi-million development loan after it signed up national retailer Marks and Spencer as a tenant for one of its investment properties.
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Bensons for Beds to open eight stores by Christmas and 35 more in 2022
The rebuild and reconfiguration of the Bensons for Beds national store portfolio will gather pace with eight new and relocated stores to open by the end of this year and a further 35 units through 2022.
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High-end Australian furniture retailer targets ex-Bensons store for Central London U.K. launch
An upmarket Australian furniture retailer with stores in countries ranging from New Zealand to China is planning to open its first U.K. store with a prominent flagship in a former bed shop in Central London.
OTHER NEWS
Selfridges, which raised £50m from equity issue earlier this autumn, said to have agreed sale
A Thai retail conglomerate whose interests include iconic Milanese department store La Rinascente is said to be close to agreeing a deal to buy retail group Selfridges.
New DC frees up production capacity for cabinet furniture vertical
Premium fitted kitchen, bedroom and freestanding furniture manufacturer and retailer John Lewis of Hungerford says the lease of a new property will boost production capacity.
BFM is in strong position says md as he prepares to take new role
Nick Garratt, the outgoing managing director of the British Furniture Manufacturers (BFM), says the association is primed to expand and that his successor can build on the achievements of the past three years.
January Furniture Show returns across four halls of the NEC next month
More than 400 U.K. and international brands have signed to exhibit at the January Furniture Show, which returns to the NEC in Birmingham next month after the pandemic prevented the 2021 edition from taking place.
Sofa-in-a-box brand agrees finance to build sales with retailers
Emerging upholstery company Swyft Home has secured a seven-figure supply chain finance deal designed to support business-to-business growth with third-party retailers.
Spinks appoints commercial director with brief to oversee new DC
Bed components company Spinks has appointed Emma Davidson as commercial director. Her duties include overseeing a just-launched distribution centre facility that will free up additional manufacturing capacity.
Thinner margin, higher distribution costs for Batley bed maker
Profits dropped by a third for West Yorkshire mattress manufacturer Dura Beds in 2019/20 on lower sales and rising costs.
Furniture manufacturing show W Exhibition rescheduled to 2023
Montgomery Group, organiser of joinery and furniture manufacturing trade show W Exhibition, has cancelled the planned February 2022 edition, citing Covid, Government restrictions, and an ever-shifting calendar of European exhibitions.
ScS, Nobia non-executive director George Adams dies aged 65
George Adams, a longtime non-executive director at two of the U.K.'s largest home furnishings retail chains, has died suddenly, aged 65, it was announced Tuesday morning.
High-end Danish furniture brand to open stores every month after record year
72-store Danish designer furniture retailer Bolia.com, which has sold in the U.K. online since 2016, is to step up expansion plans after a record financial year.