Wednesday, September 27, 2023
Airsprung/Fabb Furniture owner cedes control of department store retailer
The CEO at Beales has retaken control of the department store retailer, ending its spell in the same corporate group as home furnishings chain Fabb Furniture.
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Westbridge, Tetrad owner installs new chief financial officer
Upholstery group Belfield has appointed a new chief financial officer, filling a role that has been vacant since the departure of former Vita Group finance director David Meltham late last year.
Loaf's latest store will be 70% bigger than current largest
Furniture retailer Loaf has confirmed the location of the Redbrick unit that will become the largest across its entire store network when it opens next month.
Land of Beds relaunches ecommerce website
Land of Beds has relaunched its ecommerce website after a 12-month project led by its in-house software team and using its own proprietary technology.
Cavalier Carpets keeps costs in check as profits rise
The group behind North West manufacturer and flooring insurance claims handler Cavalier Carpets found earnings growth last year despite lower revenue.
Flooring wholesaler upbeat on strong start to second half
Flooring distributor STS says the second half of 2023 has got off to a promising start after a softer trading period stymied efforts to hit targets earlier this year.
Home takes back seat at Oliver Bonas as fashion drives performance gains
Profits were more than a third higher at home, fashion and lifestyle retailer Oliver Bonas last year as revenue jumped to nine figures for the first time in its history.
DFS outlines financial cost of Berkeley Magna closure
DFS has signposted the expected financial costs associated with the planned closure of its 24,000sqft Long Eaton manufacturing site, the smallest of the retailer's three sofa factories.
Enfeebled big-ticket sentiment improves again in September
Consumer confidence for major purchases improved for a second straight month in September and is now at its least-weak level since February 2022.
Sofology aims to overtake ScS as U.K.'s second largest sofa retailer
The buildout of the retail footprint of Sofology can lead to the brand becoming the second largest upholstered furniture retailer in the country, according to parent company and market leader DFS.
Trago Mills owner swings to loss on rising costs
The owner of the Trago Mills (Trago) shopping destinations in southwest England and Wales slipped to a seven-figure deficit last year despite revenue recovering to pre-Covid levels.
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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Neptune chairman Will Kernan joins John Lewis board
Will Kernan is to join the board of John Lewis Partnership, parent to the department store and supermarket chains John Lewis and Waitrose.
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Emerging Devon bed maker maintains six-figure gains
High-end Devon bed maker Enchanted House maintained upwards momentum last year as it continued its ascent after investment through the pandemic.
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We knew RH England would not be a high-volume gallery, says CEO
RH, the luxury furniture retailer formerly known as Restoration Hardware, says it is pleased with the initial response following the launch of its debut U.K. gallery earlier this summer and...
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U.K. contract market boosts BoConcept but debt servicing hits global profits
Revenue and earnings dipped for Danish modern furniture conglomerate BoConcept through 2022/23 in a year that still saw some notable successes.
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Entry-level Dewsbury bed maker folds leaving seven-figure debts
The Dewsbury beds manufacturer behind the Komfet brand has filed for insolvency leaving creditors facing a forecast shortfall of approaching £2 million.
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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New business: Furnishings companies incorporated between Sep. 18–24, 2023
Over 160 new industry companies were incorporated in the period between September 18–24, 2023. Full list by business type.
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Insolvencies & business closures: 138 filings between Sep. 18–24, 2023
138 furnishings companies were placed into administration, liquidation, wound up or dissolved in the past week. Full list here.
TOP STORIES
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Airsprung/Fabb Furniture owner cedes control of department store retailer
The CEO at Beales has retaken control of the department store retailer, ending its spell in the same corporate group as home furnishings chain Fabb Furniture.
-
Direct-to-consumer bed brand Brook & Wilde now live under under new stewardship
Mattress brand Brook + Wilde is back after its new owner relaunched its ecommerce platform with a revised logotype and updated url, both reflecting its new corporate name.
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Whitemeadow grabs bigger share of U.K. sofa production despite disruption
Upholstered furniture manufacturer Whitemeadow cemented its position as the U.K.'s largest wholly-independent sofa maker last year, outperforming its domestic peers.
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Ownership changes leave Tapi Carpets' biggest backers undiluted
The ownership positions of major shareholders in Tapi Carpets & Floors including the founder of DFS and the deputy chairman of Dunelm remain undiluted despite thousands of shares changing hands and the issue of new equity.
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Furniture retail sales jump £61m in August
Furniture and lighting retail sales climbed on both a value and volume basis in August as they continued to lap weak data from last year.
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OTHER NEWS
Westbridge, Tetrad owner installs new chief financial officer
Upholstery group Belfield has appointed a new chief financial officer, filling a role that has been vacant since the departure of former Vita Group finance director David Meltham late last year.
Loaf's latest store will be 70% bigger than current largest
Furniture retailer Loaf has confirmed the location of the Redbrick unit that will become the largest across its entire store network when it opens next month.
Land of Beds relaunches ecommerce website
Land of Beds has relaunched its ecommerce website after a 12-month project led by its in-house software team and using its own proprietary technology.
Cavalier Carpets keeps costs in check as profits rise
The group behind North West manufacturer and flooring insurance claims handler Cavalier Carpets found earnings growth last year despite lower revenue.
Flooring wholesaler upbeat on strong start to second half
Flooring distributor STS says the second half of 2023 has got off to a promising start after a softer trading period stymied efforts to hit targets earlier this year.
Home takes back seat at Oliver Bonas as fashion drives performance gains
Profits were more than a third higher at home, fashion and lifestyle retailer Oliver Bonas last year as revenue jumped to nine figures for the first time in its history.
DFS outlines financial cost of Berkeley Magna closure
DFS has signposted the expected financial costs associated with the planned closure of its 24,000sqft Long Eaton manufacturing site, the smallest of the retailer's three sofa factories.
Enfeebled big-ticket sentiment improves again in September
Consumer confidence for major purchases improved for a second straight month in September and is now at its least-weak level since February 2022.
Sofology aims to overtake ScS as U.K.'s second largest sofa retailer
The buildout of the retail footprint of Sofology can lead to the brand becoming the second largest upholstered furniture retailer in the country, according to parent company and market leader DFS.
Trago Mills owner swings to loss on rising costs
The owner of the Trago Mills (Trago) shopping destinations in southwest England and Wales slipped to a seven-figure deficit last year despite revenue recovering to pre-Covid levels.