Wednesday, November 25, 2020
TOP STORIES
ScS names successor to David Knight as CEO
ScS, Britain's number two upholstery retailer, has recruited a former Home Retail Group executive as the successor to David Knight, its longstanding CEO.
Endless was ready to be Silentnight's 'white knight' ahead of H.I.G. sale, Tribunal told
Plans by Endless to invest in Silentnight back in 2011 were so far advanced that the turnaround firm had already drawn down funds, its managing partner has told a Disciplinary Tribunal investigating the conduct of advisors to the bed maker.
Orders were up 32% ahead of second lockdown, says ScS
Sofa and carpets retailer ScS said like-for-like order intake was up nearly a third going into the second lockdown in England earlier this month.
Designer furniture brand Molteni&C goes direct with debut ecommerce store
Molteni&C, the Italian designer furniture manufacturer whose products are sold through high-end retailers worldwide, has launched a first-ever ecommerce store.
Sales rebound for major European cabinet maker Forte Furniture
Third quarter sales jumped for European ready-to-assemble cabinet furniture maker Forte but remain well down in the year so far, including the region taking in the U.K.
NBF to signpost retailers through Bed Advice website for consumers
The National Bed Federation (NBF) is to direct consumers to their nearest NBF stockist through a new website providing advice about beds and mattresses.
Hackers accessed flooring wholesale giant Headlam's computer systems
Headlam, Europe's largest floorcoverings distributor, says it thinks a small amount of data has been extracted following what it called a cyber security incident.
West Elm could follow the BoConcept approach in the U.K. and other markets
The head of the company behind furniture and home retailer West Elm says the business could look to a path well-trodden in the U.K. as part of its international expansion plans.
Ecommerce retailer appoints CFO from rival
Catalogue and Internet retailer's new chief financial officer joins from home shopping competitor.
Dual income streams stand us in good stead, says Collingwood Batchellor
South East furniture and department store retailer Collingwood Batchellor says the decision to diversify its operations will leave it in a strong position in the wake of the Covid-19 pandemic.
Online furnishings retailer to launch dedicated Scion ecommerce store in industry first
Executives behind the Jane Clayton home furnishings business are to launch a dedicated ecommerce store for the youthful mid-market Scion brand after striking a deal with the brand-owner Walker Greenbank.
Silentnight extends home delivery contract with logistics partner
Silentnight, Britain's largest bed manufacturer, has extended its longstanding partnership with Panther Warehousing, the specialist two-man, white-glove carrier.
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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420 Argos shops to close as Sainsbury's integration gathers pace
120 Argos shops that have been shut since the spring lockdown won't reopen and a further 300 standalone units have been earmarked for closure. Parent company J Sainsbury plans to open more Argos...
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Habitat to become main home and furniture brand in Argos and Sainsbury's
Habitat is to become the primary furniture brand across the Sainsbury's and Argos ecosystem with its owner also unveiling plans to extend its price architecture.
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Major flooring chains and independents keep stores open in England, paving way for others
Britain's leading carpet and floorcoverings retailers are keeping stores in England open through the lockdown in a move that will attract bouquets and brickbats from rivals in equal measure.
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Imperilled soft furnishings chain Ponden Home placed into administration
The future of Ponden Home, the 73-store soft furnishings retailer, hangs in the balance after the chain was placed into administration on Friday afternoon.
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Sterling opens second new concept store as it rebrands, refits longstanding fascia
Scotland's largest privately-owned furniture and home retailer has refitted and rebranded its Thomsons World of Furniture Store in Dunfermline to its new Home concept.
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
OPINION & ANALYSIS
Dreams demonstrates its value as Sun Capital makes new bed industry investment
Sun Capital Partners has an excellent track record in home furnishings with the 2019 figures from Dreams providing the latest endorsement of its interest in the sector.
High winds in the Gulf of Mexico threaten to topple over Britain's furniture industry
It is counter-intuitive that on the day we reported that September saw record-breaking furniture retail sales, we also reveal that some British manufacturers may have to temporarily close their factories.
How furniture stores could stay open even under harsh lockdown
Furniture stores in Ireland will close from Wednesday and in Wales from Friday in a repeat of harsh lockdown measures seen earlier this year.
HSL reaped rewards of manufacturing investment last year
Specialist furniture vertical HSL said four years of investment in its manufacturing operations paid dividends as it upped the volume of product leaving its own factory last year.
DATA & LISTS
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Corporate Debt: Entities owed cash by insolvent furniture, furnishing industry companies: Nov. 20, 2020
Four companies left combined debts of £3.1 million with 20 companies owed £10,000 or more.
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The Insolvency Report: Filings in the week to November 20, 2020
Five insolvencies from within the furniture and furnishings industry were announced in the period from November 14–20, 2020.
TOP STORIES
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ScS names successor to David Knight as CEO
ScS, Britain's number two upholstery retailer, has recruited a former Home Retail Group executive as the successor to David Knight, its longstanding CEO.
-
Endless was ready to be Silentnight's 'white knight' ahead of H.I.G. sale, Tribunal told
Plans by Endless to invest in Silentnight back in 2011 were so far advanced that the turnaround firm had already drawn down funds, its managing partner has told a Disciplinary Tribunal investigating the conduct of advisors to the bed maker.
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Price cut yields U.K. & Ireland sales gains for mattress company Emma
Emma says sales almost doubled in the U.K. and were up more than three-fold in Ireland after it enacted a new pricing strategy for its flagship mattress model, upped marketing investment and added new sizes.
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Stokers maintains net margin amid growth pre and post lockdown
Stokers Group, one of the U.K.'s largest privately-owned furniture retailers, said it was trading ahead of last year until the pandemic interrupted trade in the final weeks of its financial year.
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U.K. furniture retailers found £108m sales gain in October
Furniture and lighting sales continued to climb in October though the U.K.'s official statistics body revised downwards earlier record-breaking figures for September.
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Consumer appetite for high-value purchases wanes, poll claims
Consumer confidence declined in November including a fall in the Major Purchases Index according to new figures from GfK, the polling company.
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CIFF Guangzhou schedules spring 2021 exhibition datelines while Meble Polska is postponed
Organisers of the China International Furniture Fair (CIFF) have penned in the dates for the spring 2021 editions, which take place in two tranches next March. In Europe, the timeline of another important event has been shifted.
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Furniture Village CEO Peter Harrison on succession, and building a "ring of steel"
Family businesses are not uncommon in the furniture retail sector but there is no other operating on the scale of Furniture Village.
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20 new stores helped The Range sales touch £1bn
An expanded retail footprint helped home and leisure retailer The Range to within a whisker of a turnover landmark ahead of the pandemic, with the chain saying demand since the outbreak started has remained strong.
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Furniture Village to open stores in Midlands and South in first expansion since 2017
National retailer Furniture Village is to open two new stores later this year in the first physical expansion of its portfolio in three years.
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OTHER NEWS
Orders were up 32% ahead of second lockdown, says ScS
Sofa and carpets retailer ScS said like-for-like order intake was up nearly a third going into the second lockdown in England earlier this month.
Designer furniture brand Molteni&C goes direct with debut ecommerce store
Molteni&C, the Italian designer furniture manufacturer whose products are sold through high-end retailers worldwide, has launched a first-ever ecommerce store.
Sales rebound for major European cabinet maker Forte Furniture
Third quarter sales jumped for European ready-to-assemble cabinet furniture maker Forte but remain well down in the year so far, including the region taking in the U.K.
NBF to signpost retailers through Bed Advice website for consumers
The National Bed Federation (NBF) is to direct consumers to their nearest NBF stockist through a new website providing advice about beds and mattresses.
Hackers accessed flooring wholesale giant Headlam's computer systems
Headlam, Europe's largest floorcoverings distributor, says it thinks a small amount of data has been extracted following what it called a cyber security incident.
West Elm could follow the BoConcept approach in the U.K. and other markets
The head of the company behind furniture and home retailer West Elm says the business could look to a path well-trodden in the U.K. as part of its international expansion plans.
Ecommerce retailer appoints CFO from rival
Catalogue and Internet retailer's new chief financial officer joins from home shopping competitor.
Dual income streams stand us in good stead, says Collingwood Batchellor
South East furniture and department store retailer Collingwood Batchellor says the decision to diversify its operations will leave it in a strong position in the wake of the Covid-19 pandemic.
Online furnishings retailer to launch dedicated Scion ecommerce store in industry first
Executives behind the Jane Clayton home furnishings business are to launch a dedicated ecommerce store for the youthful mid-market Scion brand after striking a deal with the brand-owner Walker Greenbank.
Silentnight extends home delivery contract with logistics partner
Silentnight, Britain's largest bed manufacturer, has extended its longstanding partnership with Panther Warehousing, the specialist two-man, white-glove carrier.