Sunday, October 24, 2021
Timothy Oulton to replace Dwell store in central London
Timothy Oulton group products will be available from three stores abreast on London's principal furniture shopping street by the end of the year as the upmarket brand expands its presence in the capital.
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Sofa and flooring companies warned of more price pain and delays ahead in letters from suppliers
Inflation figures released Wednesday made for grim reading. Consumers are paying over 10 percent more to buy furniture than they were this time last year, while manufacturers' input costs are increasing at twice that level.
September furniture sales down against both 2020 and 2019
The value of furniture and lighting sales declined on both a one and two year basis last month according to figures out Friday morning from the Office for National Statistics.
Sharps redeemed outstanding bonds following takeover
Bedroom furniture vertical Sharps has repaid tens of millions of pounds of debt in the wake of its disposal by Sun European Partners to a London based private equity group earlier this summer.
Fabrics group Romo trading ahead of pre-pandemic levels
Demand through 2021 has put luxury furnishing fabrics, wallpapers and accessories supplier Romo back on track to recover sales lost through the pandemic, the company said in just-filed accounts.
Ex-Fenwick executive now group md at East of England retailer
New group managing director for CT Baker, whose retail interests include the Bakers & Larners department store in Holt.
Designer lighting brand hopes U.K. division changes make it leaner
A major restructuring plan initiated through the pandemic will leave the U.K. arm of designer lighting company Artemide leaner and in better shape to seize future market opportunities, the company has said.
Mattress imports fall for second straight month
A second straight month of weaker data from European factories squashed the air out of what had been a buoyant mattress import market until the summer months.
Online helps retail giant make home gains and post big profits
Ecommerce helped the U.K. home furnishings arm of retail giant Zara find top line growth last year and negate the long time closure of its 11 dedicated home stores.
Retail landlord to pursue all avenues to collect rent arrears
Tenants of one of Britain's biggest retail landlords can put aside any lingering hopes they may have had for further rent concessions or waivers after comments made Wednesday morning.
Recruitment drive at Bensons for Beds as it looks to fill 180 roles nationwide
Bensons for Beds is looking to hire about 180 people across its nationwide retail, distribution and manufacturing network while its new store rollout continues this week with an opening in a former Laura Ashley unit.
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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ScS profits jump on higher delivered sales
Adjusted profits were up by half at ScS through 2020/21 as the upholstery and flooring retailer began unwinding its big order book resulting in a leap in delivered sales.
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Refinancing cut OKA debt by almost £25m and wiped out balance sheet deficit
A recapitalisation by the backers of high-end interiors lifestyle brand OKA Direct last year eliminated a balance sheet deficit and cut borrowings by £24.7 million.
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RH discloses nine-digit value of London lease commitment
RH, the luxury furniture and home goods retailer formerly known as Restoration Hardware, has revealed nine-figure London lease commitments in new filings with the U.K. registrar.
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Oak Furnitureland lays down a marker in first figures since prepack
Britain's biggest hardwood furniture retailer Oak Furnitureland generated cash and was profitable before one-time items in its first period since the business was restructured following a prepack...
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Emma Rackley succeeds Julian Cox in key AIS role
Experienced furniture industry executive Emma Rackley has been appointed director of furniture and home at Associated Independent Stores (AIS). She is taking over from Julian Cox, who leaves at the...
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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The Debt Report: Filings in the week to October 22, 2021
Five companies left debts of £830,000 with 13 entities owed £10,000 or more.
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The Insolvency Report: Filings in the week to October 22, 2021
Four insolvencies from within the furniture and furnishings industry were announced in the seven days to October 22, 2021.
TOP STORIES
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Timothy Oulton to replace Dwell store in central London
Timothy Oulton group products will be available from three stores abreast on London's principal furniture shopping street by the end of the year as the upmarket brand expands its presence in the capital.
-
Bensons for Beds appoints chief operating officer with furniture, home background
Beds and mattress vertical Bensons for Beds has recruited an experienced retail executive as successor to chief operating officer Joe Wykes, who left the business earlier this year.
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Consumer furniture price inflation hits record levels
Consumer price inflation for furniture reached double-digit levels for the first time on public record while manufacturers are continuing to grapple with upstream supply chain price pressures.
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Sleepeezee upbeat on resurgent post lockdown period
Kent bed maker Sleepeezee said it is extremely confident with regards to its future outlook and business performance after the reopening of retail earlier this year helped it quickly pick up where it left off before the pandemic.
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Furniture and beds drive revenue growth at The Very Group
Big-ticket home categories were outsized growth drivers in 2020/21 for The Very Group, operator of the Very.co.uk ecommerce business and the legacy Littlewoods home shopping brand.
OTHER NEWS
Sofa and flooring companies warned of more price pain and delays ahead in letters from suppliers
Inflation figures released Wednesday made for grim reading. Consumers are paying over 10 percent more to buy furniture than they were this time last year, while manufacturers' input costs are increasing at twice that level.
September furniture sales down against both 2020 and 2019
The value of furniture and lighting sales declined on both a one and two year basis last month according to figures out Friday morning from the Office for National Statistics.
Sharps redeemed outstanding bonds following takeover
Bedroom furniture vertical Sharps has repaid tens of millions of pounds of debt in the wake of its disposal by Sun European Partners to a London based private equity group earlier this summer.
Fabrics group Romo trading ahead of pre-pandemic levels
Demand through 2021 has put luxury furnishing fabrics, wallpapers and accessories supplier Romo back on track to recover sales lost through the pandemic, the company said in just-filed accounts.
Ex-Fenwick executive now group md at East of England retailer
New group managing director for CT Baker, whose retail interests include the Bakers & Larners department store in Holt.
Designer lighting brand hopes U.K. division changes make it leaner
A major restructuring plan initiated through the pandemic will leave the U.K. arm of designer lighting company Artemide leaner and in better shape to seize future market opportunities, the company has said.
Mattress imports fall for second straight month
A second straight month of weaker data from European factories squashed the air out of what had been a buoyant mattress import market until the summer months.
Online helps retail giant make home gains and post big profits
Ecommerce helped the U.K. home furnishings arm of retail giant Zara find top line growth last year and negate the long time closure of its 11 dedicated home stores.
Retail landlord to pursue all avenues to collect rent arrears
Tenants of one of Britain's biggest retail landlords can put aside any lingering hopes they may have had for further rent concessions or waivers after comments made Wednesday morning.
Recruitment drive at Bensons for Beds as it looks to fill 180 roles nationwide
Bensons for Beds is looking to hire about 180 people across its nationwide retail, distribution and manufacturing network while its new store rollout continues this week with an opening in a former Laura Ashley unit.