Thursday, August 18, 2022
Furniture retailer Made.com considers plan to ask shareholders for more cash
Made.com (Made) has confirmed a capital raise is among the options being considered to plug a potential funding gap after the furniture retailer burned through cash at a higher-than-expected rate in the first half.
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ScS appoints first ever chief marketing and digital officer
Upholstery and carpets retailer ScS has bolstered its operating board with the appointment of an experienced retail executive as its first ever chief marketing and digital officer.
Management team get more shares at bedroom furniture company
A sizeable chunk of a circa £40 million U.K. cabinet furniture maker is now owned by its management team following changes in shareholdings at the private equity backed business.
Bed maker Millbrook agrees exclusive U.K. logistics deal
Millbrook Beds has agreed a three-year contract for Meachers Global Logistics to fully manage and operate its U.K. transport network on an exclusive basis.
U.K. home shopping group recapitalised with equity issue
The West Yorkshire group behind the Freemans and Grattan home shopping brands has been recapitalised with million of pounds of new equity funding.
Sofa brand Arlo & Jacob expands into home accents with first rug collection
Upholstery brand Arlo & Jacob is launching a debut programme of handcrafted rugs designed by Julie Smith, its chief stylist and creative partner.
Loaf launches new marketing campaign including TV advertising
Furniture retailer Loaf has launched a new integrated advertising campaign featuring an updated strapline after partnering with a different marketing agency.
Takeover enables Maker&Son to continue vision of creating luxury sustainable furniture, says co-founder
Business group Inc & Co has been formally confirmed as the new owner of direct-to-consumer upholstery brand Maker&Son, as The Furnishing Report revealed nearly two weeks ago.
Weakest cabinet container shipments into U.K. since last year
Living, dining and bedroom wood cabinet import volumes declined double-digit in June after turning negative at the start of the second quarter.
Ex-Harveys, Oak Furnitureland head of buying to lead AMX Design as Bob Hadley retires
Kellie Oliver has been appointed managing director at upholstered furniture supplier AMX Design, parent company TCM Living announced Monday.
Upholstery market leaders DFS and ScS see valuation fall amid tough market
The value of shares in the U.K.'s two largest upholstered furniture retailers fell to levels not seen since the first lockdown last week amid continuing macroeconomic concerns.
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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Simba calls new mattress its biggest and greenest innovation to date
Direct-to-consumer and wholesale company Simba Sleep has launched the Simba Green Organic Go mattress, which it says is a lower impact product with half the carbon emissions of a traditional hybrid...
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Sharps' management have skin in the game following private equity buyout
Senior officials at bedroom and home office furniture chain Sharps retain a significant equity position in the c. £113 million turnover company following its sale by Sun European Partners late last...
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Made.com shares tumble 25% to below 10p
Shares in furniture and homeware retailer Made.com Group plumbed fresh depths with the market capitalisation of the business now close to the value of its most-recently disclosed cash balance.
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Largest furniture retailers fared best through Covid amid toil for mid-sized operators
Official data shows the attrition rate through the Covid-19 pandemic has been steepest among medium-sized furniture retailers, with those with a turnover above £10 million having maintained their...
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ScS profits to beat expectations as it continues to unwind large order book
Major upholstery chain ScS says it still has an elevated order book compared with historic norms with the unwind of existing bookings to help it record profits ahead of market expectations.
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
ADVERTORIAL
INDX Furniture, your must-visit show of the season
Brought to market by leading UK Buying Group, Associated Independent Stores (AIS), INDX Furniture will return to its West Midlands event venue Cranmore Park, at the end of this month and organisers have released details of what promises to be the must-visit show of the season.
DATA & LISTS
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Analysis: Oak Furnitureland, upholstery and the elephant in the room
Britain's biggest hardwood furniture retailer Oak Furnitureland is expanding into the upholstery category as part of a wider plan to develop a whole home offer.
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Q2 Furniture Retail Sales: Breakdown by category (sofas/beds/cabinet/carpets) and channel (stores/online)
Furniture/carpet retail sales data, updated for the second quarter of 2022.
TOP STORIES
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Furniture retailer Made.com considers plan to ask shareholders for more cash
Made.com (Made) has confirmed a capital raise is among the options being considered to plug a potential funding gap after the furniture retailer burned through cash at a higher-than-expected rate in the first half.
-
Former Dunelm official replaces Winser as Bensons for Beds new COO
National retailer Bensons for Beds has appointed the former group supply chain director of Dunelm as its new chief operating officer, the third person to hold the role since the start of the pandemic.
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Furniture retail price inflation high, but eases to lowest level since February
Consumer price inflation for furniture eased to a six-month low last month according to new official data out Wednesday morning. But the total remains stubbornly high.
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Sofa import volumes up for sixth straight month as China turns corner
June saw the first increase in the quantity of upholstery shipped into the U.K. from China since the turn of the year as overall volumes continued their long-running ascent.
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U.K. Internet furniture sales decline again as upholstery leads way for retailers
Ecommerce furniture sales fell again in the second quarter but by a narrower amount as the market began to normalise. Upholstery was the strongest product category for U.K. retailers.
OTHER NEWS
ScS appoints first ever chief marketing and digital officer
Upholstery and carpets retailer ScS has bolstered its operating board with the appointment of an experienced retail executive as its first ever chief marketing and digital officer.
Management team get more shares at bedroom furniture company
A sizeable chunk of a circa £40 million U.K. cabinet furniture maker is now owned by its management team following changes in shareholdings at the private equity backed business.
Bed maker Millbrook agrees exclusive U.K. logistics deal
Millbrook Beds has agreed a three-year contract for Meachers Global Logistics to fully manage and operate its U.K. transport network on an exclusive basis.
U.K. home shopping group recapitalised with equity issue
The West Yorkshire group behind the Freemans and Grattan home shopping brands has been recapitalised with million of pounds of new equity funding.
Sofa brand Arlo & Jacob expands into home accents with first rug collection
Upholstery brand Arlo & Jacob is launching a debut programme of handcrafted rugs designed by Julie Smith, its chief stylist and creative partner.
Loaf launches new marketing campaign including TV advertising
Furniture retailer Loaf has launched a new integrated advertising campaign featuring an updated strapline after partnering with a different marketing agency.
Takeover enables Maker&Son to continue vision of creating luxury sustainable furniture, says co-founder
Business group Inc & Co has been formally confirmed as the new owner of direct-to-consumer upholstery brand Maker&Son, as The Furnishing Report revealed nearly two weeks ago.
Weakest cabinet container shipments into U.K. since last year
Living, dining and bedroom wood cabinet import volumes declined double-digit in June after turning negative at the start of the second quarter.
Ex-Harveys, Oak Furnitureland head of buying to lead AMX Design as Bob Hadley retires
Kellie Oliver has been appointed managing director at upholstered furniture supplier AMX Design, parent company TCM Living announced Monday.
Upholstery market leaders DFS and ScS see valuation fall amid tough market
The value of shares in the U.K.'s two largest upholstered furniture retailers fell to levels not seen since the first lockdown last week amid continuing macroeconomic concerns.