Friday, March 24, 2023
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 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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Detailed market information about each of the Upholstery, Beds, Cabinet Furniture and Floorcoverings sectors at suppliers' prices.
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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.
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DATA & LISTS
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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.
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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
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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.
-
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.
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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.
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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.
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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.
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.