Monday, January 17, 2022
Online home and garden retailer placed into administration
The future of garden, outdoor leisure, lighting and home ecommerce brand True Shopping (trueshopping.co.uk) is uncertain after restructuring advisors were drafted in to run its operating company.
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25-year Natuzzi veteran to run finance pending search for CFO successor
Italian upholstered furniture conglomerate Natuzzi has appointed Giuseppe Cacciapaglia as replacement for Vittorio Notarpietro pending a search for a new permanent chief financial officer.
Recliner giant to build new factory in Wuhan
Man Wah Holdings, the Hong Kong listed upholstery producer, is to build a new factory in Wuhan, China that will becomes its manufacturing base in the centre of the country.
Vast scale of flooring supplier Karndean's global business disclosed
A corporate reorganisation encompassing Karndean's global interests has revealed the floorcoverings supplier to be far larger than previous disclosures had indicated, and value the group north of £400 million.
New members amplify our voice, says Furniture Industry Research Association
The chairman of the Furniture Industry Research Association says the not-for-profit organisation expanded its membership base last year, giving the trade a bigger voice in shaping its own destiny.
Scottish Interiors Showcase returns in February
Organisers of the Scottish Interiors Showcase, an annual trade furnishings event dating back 14 years, says the 2022 edition will take place as scheduled next month.
Organiser says all its INDX Shows will run in Covid-secure format
Associated Independent Stores (AIS) says all of its planned winter show series, including its INDX Furniture event which starts in 10 days' time, will go ahead under current Government guidance for large indoor events and trade shows.
Upholstery company Hydeline appoints new md
Hydeline Furniture, the Buckinghamshire upholstery producer and distributor, has appointed Jonathan Burrage as its new managing director, succeeding Harvey Roberts in the role.
Magnet owner to acquire online Swedish DTC cabinet brand
Nobia, the kitchen manufacturing and retail conglomerate and owner of British kitchen chain Magnet, has agreed to buy Superfront, a Sweden-based direct-to-consumer business that already sells to U.K. buyers.
Habitat helps Argos find margin benefit
An increased participation of Habitat-branded products and deliberately fewer promotions helped Argos find margin expansion in pre-and-post Christmas trading, according to parent company J Sainsbury, the grocery and general merchandise retailer.
Very Group names new chair and reveals pre-Christmas home sales fell back
Lapping pandemic-driven peaks meant home sales fell for digital retailer The Very Group, owner of the Very.co.uk and Littlewoods brands, in the period taking in Black Friday through to Christmas Eve.
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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Foam group shareholders approve sale of mattress division
Recticel shareholders have green-lighted the disposal of the company's mattress division to Aquinos, the Portuguese upholstery and bedding manufacturing conglomerate.
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Tapi Carpets posts smallest full year loss in history
Tapi Carpets & Floors booked the smallest full year loss in its short history last year and by some earnings measures was profitable for the first time as higher sales and lower costs boosted the...
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Celebrity returns to profit as upholstery producer prospers post restructure
Rise-and-recline upholstery producer Celebrity Motion Furniture says it is optimistic it will clear the remainder of its CVA debt in the next year, saying the business has continued to prosper since its...
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Upholstery chain DFS begins selling products from Swoon
Furniture and homeware company Swoon has become the latest third-party brand to have its products offered on the platform of DFS, the U.K.'s upholstery market leader.
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Class-leading flooring retailer says it performed well amid pandemic
North West retailer and contractor Mears Flooring maintained a double-digit net margin in 2020/21 despite the first lockdown clipping both its top and bottom lines.
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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Debt Report: Filings in the week to January 14, 2022
Seven companies left debts of £850,000 with 20 entities owed £10,000 or more.
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Insolvency filings in the seven days to January 14, 2022
Five insolvencies from within the furniture and furnishings industry were announced in the seven days to January 14, 2022.
TOP STORIES
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Online home and garden retailer placed into administration
The future of garden, outdoor leisure, lighting and home ecommerce brand True Shopping (trueshopping.co.uk) is uncertain after restructuring advisors were drafted in to run its operating company.
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Output rose as U.K. furniture makers battled to meet pre-Christmas delivery
U.K. furniture manufacturers' combined turnover climbed for the ninth month straight in November, new figures released Friday morning show.
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Demand surge puts Tempur U.K. in line to reverse revenue drop
Strong post-lockdown demand and unwinding its large order backlog last year put Tempur U.K. on track to recover sales lost to the early months of the pandemic.
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Online and retail parks boost Marks & Spencer
The business unit encompassing furniture delivered growth on both a one and two-year basis in the 13 weeks to January 1, retail giant Marks and Spencer Group (M&S) said Thursday.
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TV star Ercol Furniture returned to growth last year
The chairman of Ercol Furniture, which on Wednesday night featured on the BBC's Inside The Factory programme, says the manufacturer has recovered all the sales lost to the early period of the pandemic and continued to find bottom line gains.
OTHER NEWS
25-year Natuzzi veteran to run finance pending search for CFO successor
Italian upholstered furniture conglomerate Natuzzi has appointed Giuseppe Cacciapaglia as replacement for Vittorio Notarpietro pending a search for a new permanent chief financial officer.
Recliner giant to build new factory in Wuhan
Man Wah Holdings, the Hong Kong listed upholstery producer, is to build a new factory in Wuhan, China that will becomes its manufacturing base in the centre of the country.
Vast scale of flooring supplier Karndean's global business disclosed
A corporate reorganisation encompassing Karndean's global interests has revealed the floorcoverings supplier to be far larger than previous disclosures had indicated, and value the group north of £400 million.
New members amplify our voice, says Furniture Industry Research Association
The chairman of the Furniture Industry Research Association says the not-for-profit organisation expanded its membership base last year, giving the trade a bigger voice in shaping its own destiny.
Scottish Interiors Showcase returns in February
Organisers of the Scottish Interiors Showcase, an annual trade furnishings event dating back 14 years, says the 2022 edition will take place as scheduled next month.
Organiser says all its INDX Shows will run in Covid-secure format
Associated Independent Stores (AIS) says all of its planned winter show series, including its INDX Furniture event which starts in 10 days' time, will go ahead under current Government guidance for large indoor events and trade shows.
Upholstery company Hydeline appoints new md
Hydeline Furniture, the Buckinghamshire upholstery producer and distributor, has appointed Jonathan Burrage as its new managing director, succeeding Harvey Roberts in the role.
Magnet owner to acquire online Swedish DTC cabinet brand
Nobia, the kitchen manufacturing and retail conglomerate and owner of British kitchen chain Magnet, has agreed to buy Superfront, a Sweden-based direct-to-consumer business that already sells to U.K. buyers.
Habitat helps Argos find margin benefit
An increased participation of Habitat-branded products and deliberately fewer promotions helped Argos find margin expansion in pre-and-post Christmas trading, according to parent company J Sainsbury, the grocery and general merchandise retailer.
Very Group names new chair and reveals pre-Christmas home sales fell back
Lapping pandemic-driven peaks meant home sales fell for digital retailer The Very Group, owner of the Very.co.uk and Littlewoods brands, in the period taking in Black Friday through to Christmas Eve.