Thursday, September 23, 2021
Market leader DFS enjoys £158m profits turnaround
DFS returned a high single-digit net margin in 2020/21 as it reversed a prior-year deficit that had been negatively impacted by the first Covid-lockdown.
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Eve Sleep targets second half benefit after higher marketing costs hit profitability
First half losses widened at mattress and ancillary products brand Eve Sleep as it front-loaded marketing investment in the U.K. and spent more upfront abroad.
Furniture, lifestyle retailer's plan to share pain with landlords met mixed response
Profits declined at Oliver Bonas through 2020 with the furniture and lifestyle retailer describing the pandemic-impacted year as like no other before it.
Furniture distributor VIDA appoints senior business development director
VIDA Living, the Ireland and U.K. furniture importer and distributor, has recruited Victoria Bellerby to the role of senior business development director.
Shire Beds, Hypnos and John Cotton Non-Wovens claim NBF supplier awards
Shire Beds won Bed Product of the Year at the National Bed Federation (NBF) Industry Awards last night while Hypnos and John Cotton Non-Wovens were successful in the Sustainability and Component Product categories.
French regulator probes sale of furniture chain Conforama to retailer backed by U.S. private equity
Antitrust regulators in France have escalated an inquiry into the acquisition of furniture and electricals retailer Conforama by The Mobilux Group, a multi-banner home furnishings collective with U.S. investor backing.
Big-ticket categories deliver for B&Q in first half
Half-year sales jumped by close to a third at home improvement giant B&Q in the six months to July 31 with big-ticket categories among its top performing lines.
DFS among contributors to new Building Back Stronger furniture webinar series
The Furniture Makers’ Company’s (TFMC) industry webinar series returns this autumn with three more episodes, the first of which will explore what the trade is doing to combat climate change.
Leeds bed maker hires first-ever U.S. based sales manager
Harrison Spinks has appointed Scott Hollis as its first-ever U.S. sales manager with a brief to drive the bed maker's business in North America.
Land of Beds joins voluntary ombudsman scheme
Privately-owned retailer Land of Beds has joined the Furniture & Home Improvement Ombudsman (FHIO), describing it as an investment in consumer protection and evidence of its responsible business practices.
JYSK sales up 67% in U.K. and Ireland
Consumer demand tailwinds and new stores helped power sales growth in the U.K. and Ireland for Danish furniture and homeware retailer JYSK in the past 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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South East beds retailer identifies 13th store location
Sussex Beds has just pulled up the shutters on its twelfth store but has no plans to stop there. A thirteenth will open before the end of 2021, its third new shop this year.
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Furniture industry sees decline in stores in first half of 2021
Buoyant demand for furniture and home furnishings couldn't prevent store numbers declining in the first six months of this year as retailers closed more shops than they opened.
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Customers are spending more with Victoria than others, flooring group claims
Victoria says it is taking a bigger share of wallet in the U.K. flooring market as a result of its investment in its logistics operation here, citing the impact of its elevated service levels.
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Owner would consider approaches for heritage cabinet brand
Nicholas Radford says he plans to focus on other interests outside the furniture industry after a flood in the Far East prompted a decision to close the company behind the Nathan Furniture brand...
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Dunelm profits jump as digital grows to almost half of £1.34bn turnover
Dunelm posted bumper double-digit top and bottom line growth in the year to June 26 despite its vast U.K. store portfolio being closed for more than a third of the year.
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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DATA & LISTS
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The Debt Report: Filings in the week to September 17, 2021
Three companies left debts of £6.6 million with 20 entities owed £10,000 or more.
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The Insolvency Report: Filings in the week to September 17, 2021
Three insolvencies from within the furniture and furnishings industry were announced in the seven days to September 17, 2021.
TOP STORIES
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Market leader DFS enjoys £158m profits turnaround
DFS returned a high single-digit net margin in 2020/21 as it reversed a prior-year deficit that had been negatively impacted by the first Covid-lockdown.
-
Foam mattress recycling plant now operational
A new plant that will recycle the foam from as many as 200,000 end-of-life mattresses per year has opened in France, chemicals giant Dow and its partners including foam producer Vita Group have announced.
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Dreams, Mattress Online and Sussex Beds win NBF Retailer of the Year awards
Industry trade association The National Bed Federation (NBF) last night named its Bed Retailers of the Year across the National, Online and Retail Champion categories.
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Furniture retailer pays multi-million pound deferred consideration for English country pile
RH, the luxury U.S. furniture and interiors retailer formerly known as Restoration Hardware, has paid off the deferred consideration for the Oxfordshire building that will become home to its debut U.K. gallery.
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Breakout year for East Mids beds vertical with big growth, high margin
Sales more than doubled for manufacturer and retailer Get Laid Beds in 2020/21, making it one of the largest ecommerce players in the sector. Profits also jumped sharply.
OTHER NEWS
Eve Sleep targets second half benefit after higher marketing costs hit profitability
First half losses widened at mattress and ancillary products brand Eve Sleep as it front-loaded marketing investment in the U.K. and spent more upfront abroad.
Furniture, lifestyle retailer's plan to share pain with landlords met mixed response
Profits declined at Oliver Bonas through 2020 with the furniture and lifestyle retailer describing the pandemic-impacted year as like no other before it.
Furniture distributor VIDA appoints senior business development director
VIDA Living, the Ireland and U.K. furniture importer and distributor, has recruited Victoria Bellerby to the role of senior business development director.
Shire Beds, Hypnos and John Cotton Non-Wovens claim NBF supplier awards
Shire Beds won Bed Product of the Year at the National Bed Federation (NBF) Industry Awards last night while Hypnos and John Cotton Non-Wovens were successful in the Sustainability and Component Product categories.
French regulator probes sale of furniture chain Conforama to retailer backed by U.S. private equity
Antitrust regulators in France have escalated an inquiry into the acquisition of furniture and electricals retailer Conforama by The Mobilux Group, a multi-banner home furnishings collective with U.S. investor backing.
Big-ticket categories deliver for B&Q in first half
Half-year sales jumped by close to a third at home improvement giant B&Q in the six months to July 31 with big-ticket categories among its top performing lines.
DFS among contributors to new Building Back Stronger furniture webinar series
The Furniture Makers’ Company’s (TFMC) industry webinar series returns this autumn with three more episodes, the first of which will explore what the trade is doing to combat climate change.
Leeds bed maker hires first-ever U.S. based sales manager
Harrison Spinks has appointed Scott Hollis as its first-ever U.S. sales manager with a brief to drive the bed maker's business in North America.
Land of Beds joins voluntary ombudsman scheme
Privately-owned retailer Land of Beds has joined the Furniture & Home Improvement Ombudsman (FHIO), describing it as an investment in consumer protection and evidence of its responsible business practices.
JYSK sales up 67% in U.K. and Ireland
Consumer demand tailwinds and new stores helped power sales growth in the U.K. and Ireland for Danish furniture and homeware retailer JYSK in the past year.