Friday, January 28, 2022
Elite furniture, flooring independents embrace online trading, bellwether figures show
The value of furniture and flooring supplier invoices processed through Associated Independent Stores' central paying agent jumped sharply last year in a further sign elite retailers bounced back strongly out of lockdowns.
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Home category director given supply chain brief amid change at The Very Group
Ecommerce retailer The Very Group is reorganising its category management structure including an adjusted brief for the boss of the merchandise unit taking in furniture and other home goods.
Head of IKEA's online business leaves to run sports retailer; U.K. board changes
IKEA chief digital officer Barbara Martin Coppola is to leave the home furnishings conglomerate to run Decathlon, the €11.4 billion turnover sports retailer headquartered in France.
Next to combine furniture and other categories in vast Hertfordshire store
Retail giant Next is to remodel its Watford superstore into a next-generation format combining all its product categories for the first time.
Robust U.K. market lifts fabrics, upholstery group
Colefax Group, owner of multiple high-end furnishing fabric brands and prestige Devon sofa maker Kingcome, booked profits up by more than a third on higher sales in the six months to October 31.
Government calls for views on redefining U.K. design framework following E.U. exit
The Government agency responsible for ensuring the designs framework enables rights holders to protect designs and enforce their rights has launched a call for views ahead of a review.
Qualita brings back popular Winsor cabinet programme following licensing deal
Cabinet furniture manufacturer Qualita has taken over production and distribution rights for Winsor Furniture's bestselling Stockholm range.
Expanding flooring chain wants 60 stores by the end of 2022
Emerging floorcoverings retailer Flooring Superstore plans to grow its store footprint faster this year having opened 17 showrooms through 2021.
Mattress retailer generates cash in strong ecommerce market
Financial metrics for the privately-owned company behind the ecommerce beds brand MattressNextDay climbed to record levels including a seven-fold rise in cash.
High-end cabinet maker hands London store back to landlord
German furniture maker Hülsta has confirmed the permanent closure of its store in the Marylebone area of London, leaving it with two of its own retail showrooms in the U.K.
Magnet owner hands exclusive U.K. distribution contract to XPO Logistics
Nobia, the Swedish kitchen conglomerate and owner of retail chain Magnet, has named XPO Logistics as the sole U.K. transport provider for all its British-based brands.
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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Lockdowns cost prestige department store group almost £500m in sales ahead of disposal
The group behind the Selfridges, De Bijenkorf, Brown Thomas and Arnotts retail brands recorded a nine-figure deficit as multi-territory mandatory store closures clipped its ability to trade last year.
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Sales halved for independent department and beds store retailer ahead of share buyback
Pandemic restrictions meant sales almost halved for three-store beds and department store retailer Daniel of Windsor in 2020/21, ahead of it resolving to buy out two shareholders.
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Ex-IKEA, M&S manager named md at Sofology
Upholstery group DFS has named the new managing director for its Sofology retail chain, succeeding the brand's CEO Sally Hopson, who left after retiring last year.
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Heal's swings to profit as customers pivoting online leads to bumper growth
Sales jumped by more than a quarter for furniture and design retailer Heal's in the year to September 2021 despite long periods of enforced store closures. It also enjoyed a big turnaround in...
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Dunelm begins to reap benefits of its new furniture hub
Home goods retailer Dunelm said furniture was a standout category in the three months to Christmas as it enjoyed the first benefits of its soon-to-be fully-operational new furniture distribution hub.
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 January 28, 2022
Four companies left debts of £2.6 million with 25 entities owed £10,000 or more.
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The Insolvency Report: Filings in the week to January 28, 2022
Three insolvencies from within the furniture and furnishings industry were announced in the seven days to January 28, 2022.
TOP STORIES
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Elite furniture, flooring independents embrace online trading, bellwether figures show
The value of furniture and flooring supplier invoices processed through Associated Independent Stores' central paying agent jumped sharply last year in a further sign elite retailers bounced back strongly out of lockdowns.
-
Flooring group Headlam says it is closing in on new leader
Flooring conglomerate Headlam Group says it is close to naming a new chief executive, ending a four-month hunt for a successor to Steve Wilson.
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Profits double for U.K.'s largest specialist flatpack furniture maker
Diversified Yorkshire cabinet furniture maker and sheet materials supplier Decorative Panels doubled profits in 2020/21 on wider margins. Group sales were flat.
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Sussex Beds targets 80 stores within a decade
Privately-owned retailer Sussex Beds is planning to open a new store every quarter for the next three years before accelerating its pace of growth in the period thereafter.
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Oldrids forecasts profits return after year where focus was survival
Historic furniture, department and garden centre retailer Oldrid & Co said it expects to return to profit on the back of pent-up demand and the closure of loss-making parts of its business.
OTHER NEWS
Home category director given supply chain brief amid change at The Very Group
Ecommerce retailer The Very Group is reorganising its category management structure including an adjusted brief for the boss of the merchandise unit taking in furniture and other home goods.
Head of IKEA's online business leaves to run sports retailer; U.K. board changes
IKEA chief digital officer Barbara Martin Coppola is to leave the home furnishings conglomerate to run Decathlon, the €11.4 billion turnover sports retailer headquartered in France.
Next to combine furniture and other categories in vast Hertfordshire store
Retail giant Next is to remodel its Watford superstore into a next-generation format combining all its product categories for the first time.
Robust U.K. market lifts fabrics, upholstery group
Colefax Group, owner of multiple high-end furnishing fabric brands and prestige Devon sofa maker Kingcome, booked profits up by more than a third on higher sales in the six months to October 31.
Government calls for views on redefining U.K. design framework following E.U. exit
The Government agency responsible for ensuring the designs framework enables rights holders to protect designs and enforce their rights has launched a call for views ahead of a review.
Qualita brings back popular Winsor cabinet programme following licensing deal
Cabinet furniture manufacturer Qualita has taken over production and distribution rights for Winsor Furniture's bestselling Stockholm range.
Expanding flooring chain wants 60 stores by the end of 2022
Emerging floorcoverings retailer Flooring Superstore plans to grow its store footprint faster this year having opened 17 showrooms through 2021.
Mattress retailer generates cash in strong ecommerce market
Financial metrics for the privately-owned company behind the ecommerce beds brand MattressNextDay climbed to record levels including a seven-fold rise in cash.
High-end cabinet maker hands London store back to landlord
German furniture maker Hülsta has confirmed the permanent closure of its store in the Marylebone area of London, leaving it with two of its own retail showrooms in the U.K.
Magnet owner hands exclusive U.K. distribution contract to XPO Logistics
Nobia, the Swedish kitchen conglomerate and owner of retail chain Magnet, has named XPO Logistics as the sole U.K. transport provider for all its British-based brands.