Monday, June 14, 2021
Coach House profits top £7m despite pandemic impact
Sales and profits declined for Coach House in 2019–20 but the major furniture and home accents supplier still delivered a class-leading performance amid the disruption of the pandemic.
U.K. furniture makers race to keep pace with retail demand
U.K. furniture production continues to recover from the pandemic but turnover across the sector still remains short of comparable data from two years ago despite high demand.
Carpet imports jump more than a third against comparable data
Imports of carpets climbed four-fold on last year and were up more than a third on a two-year basis as retailers and distributors looked to satisfy rising demand among end users.
Investment group takes large minority stake in soft furnishings, bedding etailer
A Sussex based bedding and soft furnishings retailer set up in a garden shed four years ago has raised £6 million from venture capitalists as it looks to expand internationally.
Timber merchant acquires six-store Scottish kitchen retailer
Broxburn-based retailer Kitchens International has been acquired by James Donaldson & Sons (JDS), the £268 million turnover Scottish timber merchant.
Flooring distributor found sales growth for seventh year straight
Pandemic disruption didn't stop the Northern Ireland headquartered company behind the Flanagan Flooring Distributors business finding sales and profit growth in the year to end September.
East Midlands furniture retailer expands with top floor conversion
CFS of Leicester, a large single-store independent furniture retailer, has expanded the showroom space at its East Midlands store.
Startup tech tool tracks furniture retail competitors online
Bolda is a new Manchester based tech tool that enables furniture retailers to track and monitor competition and trends including pricing data on both branded and private label products.
Upholstery producer Lebus says orders remain incredibly strong
Demand continues to be high despite supply chain constraints according to the md of Lebus Upholstery, one of the U.K.'s largest sofa manufacturers.
U.K. retailers favouring European suppliers over Far East says Italian sofa maker
The U.K. represents a big market opportunity for European companies as producers in the Far East are grappling even tougher supply chain issues than are being experienced here, according to upholstery producer Nicoletti Home.
Positive start for new Northeast beds independent
The newly-formed enterprise that emerged from the ashes of a regional beds chain in the North East of England has made a positive start, new figures show.
U.K. importers could face wait for Malaysian furniture amid Covid restrictions
Covid-19 restrictions in Malaysia threaten to delay the production and arrival of furniture arriving into the U.K. as the Far East nation looks to get the virus under control.
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 giant scoffs at lowball takeover bid
Recticel, the Belgium foam conglomerate and a key supplier to U.K. sofa and mattress manufacturers, says the €755 million takeover approach by rival Greiner is nowhere near high enough.
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Marks & Spencer targets Debenhams stores and retail parks as home makes online gains
Online home sales outperformed other categories at general merchandise and food retailer Marks & Spencer, but not enough to mitigate enforced store closures. It said the collapse of Debenhams...
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JYSK owner Lars Larsen completes SofaCompany takeover
Lars Larsen Group has added to its roster of international furniture brands with the acquisition of SofaCompany, a €73 million turnover direct-to-consumer brand operating in multiple markets.
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Tempur Sealy to buy Dreams for £340m
Tempur Sealy International, the world's biggest bed company, has agreed to acquire U.K. bed specialist Dreams in a takeover worth an expected £340 million.
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The Conran Shop hires ex-Dwell CEO as its new leader
The Conran Shop, the furniture, design and lifestyle retailer, has appointed Peter Jenkins as its new chief executive officer.
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
Little need for ScS to talk up its share price in period of change
This is a pivotal period in time for ScS, Britain's second largest upholstery retailer, as it adjusts to the departures of a long-time financial backer and its highest ranking executive.
Consumer confidence: Actions speak louder than words
It is counter intuitive that on the day that the highest-ever single-month reading for furniture retail sales is released, we also report a drop in big-ticket consumer confidence sentiment.
Mid-sized furniture retailers at biggest risk from surging freight rates
Freight rates in the latter half of 2020 climbed at a frightening pace and leave two stakeholder groups at particular risk: the mid-sized furniture retailer, and the end consumer.
Number-crunching the impact of post-Christmas lockdown on retailers like DFS, ScS and John Lewis
Data compiled by The Furnishing Report reveals the expected near-term order impact of the new restrictions on furniture and flooring retailers in the immediate aftermath of Christmas.
DATA & LISTS
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The Debt Report: Companies owed cash by insolvent industries entities: June 11, 2021
Four companies left combined debts of £400,000 with 10 companies owed £10,000 or more.
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The Insolvency Report: Filings in the week to June 11, 2021
Five insolvencies from within the furniture and furnishings industry were announced in the period from June 5–11, 2021.
TOP STORIES
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Coach House profits top £7m despite pandemic impact
Sales and profits declined for Coach House in 2019–20 but the major furniture and home accents supplier still delivered a class-leading performance amid the disruption of the pandemic.
-
U.K. furniture makers race to keep pace with retail demand
U.K. furniture production continues to recover from the pandemic but turnover across the sector still remains short of comparable data from two years ago despite high demand.
-
Arighi Bianchi positive about returning stronger and better
Arighi Bianchi says it is well placed to take advantage of the pent up demand generated from the Covid crisis with the major independent furniture retailer saying it expects to bounce back strongly after a difficult year.
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Wider margin helps fabrics group find profit growth
The soft furnishings supplier behind the ILiv brand found margin expansion as it mitigated the impact of a double-digit pandemic-influenced fall in sales last year.
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Leggett & Platt acquires Kaymed owner Kayfoam Woolfson from private equity
U.S. bedding and components conglomerate Leggett & Platt has acquired Kayfoam Woolfson, the Ireland based foam producer and bed manufacturer behind brands including Kaymed.
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Demand soars for DFS as customers returned to showrooms
Pent up demand meant comparable orders almost doubled for DFS as the retailer emerged from lockdown, with online business remaining high but returning closer to pre-Covid levels.
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Houseology owner raises millions in equity investment
The Moot Group, the ecommerce retailer behind furniture, lighting and accessories brands Houseology and Olivia's, raised new seven-figure equity funding this spring.
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Bed maker to start taking orders again following fire devastation
A West Yorkshire mattress, bed and headboard maker will begin taking new orders again from Friday as it recovers from its factory being partially destroyed by a fire earlier this year.
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Arlo & Jacob targets home movers with quick-ship collection
Upholstery brand Arlo & Jacob has launched a new programme called the Ready Made collection as it looks to take advantage of a surging housing market part-fuelled by the stamp duty holiday.
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Consumer spending jumps on ease of restrictions, property boom
Consumer spending grew at its fastest rate since the start of the pandemic last month as the impact of restrictions being eased helped retailers and the hospitality sector.
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OTHER NEWS
Carpet imports jump more than a third against comparable data
Imports of carpets climbed four-fold on last year and were up more than a third on a two-year basis as retailers and distributors looked to satisfy rising demand among end users.
Investment group takes large minority stake in soft furnishings, bedding etailer
A Sussex based bedding and soft furnishings retailer set up in a garden shed four years ago has raised £6 million from venture capitalists as it looks to expand internationally.
Timber merchant acquires six-store Scottish kitchen retailer
Broxburn-based retailer Kitchens International has been acquired by James Donaldson & Sons (JDS), the £268 million turnover Scottish timber merchant.
Flooring distributor found sales growth for seventh year straight
Pandemic disruption didn't stop the Northern Ireland headquartered company behind the Flanagan Flooring Distributors business finding sales and profit growth in the year to end September.
East Midlands furniture retailer expands with top floor conversion
CFS of Leicester, a large single-store independent furniture retailer, has expanded the showroom space at its East Midlands store.
Startup tech tool tracks furniture retail competitors online
Bolda is a new Manchester based tech tool that enables furniture retailers to track and monitor competition and trends including pricing data on both branded and private label products.
Upholstery producer Lebus says orders remain incredibly strong
Demand continues to be high despite supply chain constraints according to the md of Lebus Upholstery, one of the U.K.'s largest sofa manufacturers.
U.K. retailers favouring European suppliers over Far East says Italian sofa maker
The U.K. represents a big market opportunity for European companies as producers in the Far East are grappling even tougher supply chain issues than are being experienced here, according to upholstery producer Nicoletti Home.
Positive start for new Northeast beds independent
The newly-formed enterprise that emerged from the ashes of a regional beds chain in the North East of England has made a positive start, new figures show.
U.K. importers could face wait for Malaysian furniture amid Covid restrictions
Covid-19 restrictions in Malaysia threaten to delay the production and arrival of furniture arriving into the U.K. as the Far East nation looks to get the virus under control.