Tuesday, March 28, 2023
Kettle Interiors U.K. placed into administration with loss of 126 jobs
Furniture wholesaler Kettle Interiors U.K. has been placed into administration with all 126 of its employees made redundant, restructuring advisors have confirmed.
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Mattress recycling high on agenda as Interzum returns after four years
20 U.K. exhibitors will show at Interzum next month as the manufacturers' event returns with sustainability high on its agenda after a four-year absence.
Closure for refurb trims Sofa.com concession numbers
The temporary closure of one of House of Fraser's department stores has reduced the number of concessions in the portfolio of Sofa.com, its co-owned sister retail brand.
Furniture search website launches partnership with travel brand Airbnb
Furniture discovery and search website ufurnish.com has launched a collaboration with Airbnb, the service that lets property owners rent out their spaces to travellers looking for a place to stay.
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.
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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Owners take debt investment in Sealy U.K. to over £17m
Tempur Sealy International and Sealy Australia have provided an additional £9 million of debt investment into their Sealy U.K. joint venture in the past four months to support its Cumbria-based...
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Next generation joins Sterling board amid new CEO search
Gordon Mearns is retiring and stepping down as managing director of Sterling Furniture after two decades in the role, ushering in a new phase at the 50-year old Scottish retailer. A CEO search is...
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Cox & Cox owed HMRC £1.4m in unpaid VAT
HMRC was the largest creditor of the predecessor Cox & Cox ecommerce operation, with restructuring advisors saying the asset sale to Giomani Designs yielded just over £600,000, confirming figures we...
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Oak Furnitureland founder retains stake in rival retailer following restructure
The founder of Oak Furnitureland continues to have an equity interest in rival brand Oak Furniture Superstore following the division of that retailer's assets via an insolvent restructure last month.
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Blindsided Maker&Son legacy suppliers won't get paid after all
Correspondence has been delivered to U.K. and mainland European industry suppliers to the legacy Maker&Son upholstery business telling them they will not be paid what they are owed after all,...
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
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DATA & LISTS
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Insolvencies & business closures: Filings between Mar. 19–25, 2023
92 companies were closed or placed into insolvency proceedings last week.
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Debt Report: Filings in the week to March 25, 2023
21 companies left creditors facing £24.1 million shortfall.
TOP STORIES
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Kettle Interiors U.K. placed into administration with loss of 126 jobs
Furniture wholesaler Kettle Interiors U.K. has been placed into administration with all 126 of its employees made redundant, restructuring advisors have confirmed.
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Embattled furniture, beds wholesaler Serene gains more time to resolve issues
A court has handed West Midlands cabinet, mattress and bedframe importer and wholesaler Serene Beds and Furniture another ten days to reorganise its affairs.
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Online furniture retailer ceases trading after flatpack supplier shutdown
The managed wind down at South Yorkshire ready-to-assemble cabinet manufacturer Addspace Furniture has had knock-on effects for a co-controlled ecommerce retailer.
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Big-ticket confidence improves to 11-month high
Brits felt more inclined to splash out on high value items such as furniture and flooring than in any time in almost a year in March according to a closely-followed consumer poll.
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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.
OTHER NEWS
Mattress recycling high on agenda as Interzum returns after four years
20 U.K. exhibitors will show at Interzum next month as the manufacturers' event returns with sustainability high on its agenda after a four-year absence.
Closure for refurb trims Sofa.com concession numbers
The temporary closure of one of House of Fraser's department stores has reduced the number of concessions in the portfolio of Sofa.com, its co-owned sister retail brand.
Furniture search website launches partnership with travel brand Airbnb
Furniture discovery and search website ufurnish.com has launched a collaboration with Airbnb, the service that lets property owners rent out their spaces to travellers looking for a place to stay.
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.