Thursday, June 1, 2023
Sofa maker Buoyant takes margin hit after absorbing rising costs
Higher costs hit Buoyant Upholstery's profit margins during a period of supply chain upheaval in which the Nelson sofa maker said it managed to successfully keep disruption to customers to a minimum.
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Profits rise for Chinese upholstery giant Kuka
The Far East upholstery manufacturer behind the Kuka brand booked higher profits last year despite revenues coming under pressure.
ScS expands Snug concession footprint
ScS has added two new Snug concessions to its store network as it continues to build out the retail footprint of the brand it acquired at the turn of the year.
Regional beds retail chain said to close southernmost store
East of England retailer Mattressman is said to be closing its Chelmsford store, one of two the privately-owned bed company currently operates in Essex.
Luxury Swedish bed brand expands U.K. distribution
High end Swedish brand Carpe Diem Beds has added a third London touch point after agreeing a tie-up with designer furniture and homeware retailer Heal's.
Upwards property revaluation lifts Jay-Be profits
The Jay-Be group booked larger profits last year as a seven-figure upwards property revaluation helped counter the effect of rising costs and supply chain challenges on the business.
Silentnight unveils mattress vending machine amid Just Sleep promotion
Silentnight has embarked on a new marketing campaign to promote its quick-ship Just Sleep programme including television advertising and the unveiling of a mattress vending machine in a London train station.
Homeserve Furniture Repairs rebrands as Emmiera Group
Homeserve Furniture Repairs has rebranded as Emmiera Group in a transformation designed to better reflect both its values and its wide-ranging activities that transcend its core furniture repair services.
Furniture and lighting retail sales up £83m in April
Higher prices kept furniture and lighting retail sales positive in April with a mid-single digit percentage climb on the same month last year. Volumes still declined.
Headlam market cap drops £21m on gross margin pressures
Shares in the U.K's largest floorcoverings distributor fell to their lowest level in over seven months on Thursday after it had earlier said it was taking steps to address a reduction in gross margin.
Airsprung, Kaymed, Vogue leaders step down amid NBF Council renewal
A new era has begun at the National Bed Federation (NBF), according to its president Jim Gerety, with its recent appointment of a new executive director followed by the election of four replacement Council members.
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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BoConcept valuation falls amid lower footfall, order intake
The current valuation of international urban furniture retail brand BoConcept has declined in the past year, according to its longtime private equity backer.
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Obituary: John Hancock MBE, longtime Sealy U.K. md and past president of the NBF
The National Bed Federation (NBF) has paid tribute to its past president and bed industry great John Hancock MBE, who has died aged 84.
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Gross margin recovers for Alstons, Ashley Manor sofa group in first quarter
TCM Living, the upholstery group behind the Ashley Manor, Alstons and Alexander & James brands, found margin in the first quarter but lower revenue and one-off restructuring costs meant profits...
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One-off costs hit expanding flooring distributor's bottom line
Losses widened at fast-expanding floorcoverings distributor Likewise Group last year despite top line gains driven by acquisition and organic growth from a larger market presence.
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Sofa import volumes fall for ninth straight month
The value and volume of upholstered furniture arriving in the U.K. from overseas declined again in March, largely as a result of weak data from China.
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
DATA & LISTS
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Loaf's next new store likely to be departure from what has gone before
When Loaf rocks up in Yorkshire later this year it will likely do so in a store unlike any other it has opened in the eight years since it first transitioned into a clicks-to-bricks retailer.
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Insolvencies & closures: 59 filings between May 21–27, 2023
59 furnishings companies were placed into administration, liquidation, wound up or dissolved in the past week. Full list here.
TOP STORIES
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Sofa maker Buoyant takes margin hit after absorbing rising costs
Higher costs hit Buoyant Upholstery's profit margins during a period of supply chain upheaval in which the Nelson sofa maker said it managed to successfully keep disruption to customers to a minimum.
-
GNG appoints Hypnos global retail sales chief as commercial director
Richard Gretton has joined GNG Group as commercial director. He arrives at the West Yorkshire manufacturer from Hypnos Beds, where he has spent the past half decade as global retail sales director.
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Ecommerce furniture retailer makes gain after prior year decline
East Midlands retailer My Furniture built cash and reduced both stock levels and bank debt in a stronger 2022/23 trading period for the ecommerce-led company.
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Bed logistics company enters staff consultation after multiple contract losses
Stakeholders at Keen & Able have reassessed the viability of the specialist white-glove home delivery company's operations following the loss of several large customers. A staff consultation process is underway.
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Luxury furniture retailer to open RH England gallery next week
A private launch party will next week herald the arrival of RH, the luxury furniture retailer formerly known as Restoration Hardware, for the first time — five and a half years after The Furnishing Report first revealed its plans to launch into the U.K. market.
OTHER NEWS
Profits rise for Chinese upholstery giant Kuka
The Far East upholstery manufacturer behind the Kuka brand booked higher profits last year despite revenues coming under pressure.
ScS expands Snug concession footprint
ScS has added two new Snug concessions to its store network as it continues to build out the retail footprint of the brand it acquired at the turn of the year.
Regional beds retail chain said to close southernmost store
East of England retailer Mattressman is said to be closing its Chelmsford store, one of two the privately-owned bed company currently operates in Essex.
Luxury Swedish bed brand expands U.K. distribution
High end Swedish brand Carpe Diem Beds has added a third London touch point after agreeing a tie-up with designer furniture and homeware retailer Heal's.
Upwards property revaluation lifts Jay-Be profits
The Jay-Be group booked larger profits last year as a seven-figure upwards property revaluation helped counter the effect of rising costs and supply chain challenges on the business.
Silentnight unveils mattress vending machine amid Just Sleep promotion
Silentnight has embarked on a new marketing campaign to promote its quick-ship Just Sleep programme including television advertising and the unveiling of a mattress vending machine in a London train station.
Homeserve Furniture Repairs rebrands as Emmiera Group
Homeserve Furniture Repairs has rebranded as Emmiera Group in a transformation designed to better reflect both its values and its wide-ranging activities that transcend its core furniture repair services.
Furniture and lighting retail sales up £83m in April
Higher prices kept furniture and lighting retail sales positive in April with a mid-single digit percentage climb on the same month last year. Volumes still declined.
Headlam market cap drops £21m on gross margin pressures
Shares in the U.K's largest floorcoverings distributor fell to their lowest level in over seven months on Thursday after it had earlier said it was taking steps to address a reduction in gross margin.
Airsprung, Kaymed, Vogue leaders step down amid NBF Council renewal
A new era has begun at the National Bed Federation (NBF), according to its president Jim Gerety, with its recent appointment of a new executive director followed by the election of four replacement Council members.