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Sigma 3, the South Wales based manufacturer and retailer of kitchen, bedroom and home office furniture, maintained seven-figure profits despite the pandemic hitting sales last year.
Tuesday, August 9, 2022
Maker&Son finds fresh investment through North West backer
Direct-to-consumer upholstery brand Maker&Son is understood to have found a new investment partner after closing in on a deal that ushers in a new era at the circa £25 million business.
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U.K. upholstery industry faces outsized impact of Felixstowe strike
An eight-day strike at the U.K.'s largest container port is likely to impact the upholstery sector more than others across the home furnishings industry.
Dewsbury mattress components supplier pays off debt and bolsters liquid assets
West Yorkshire mattress components supplier BC Springs built cash and stock through 2021/22 in a period that also saw the business deleverage.
Next in talks to acquire large minority stake in lifestyle group Joules
General merchandise retailer Next and lifestyle group Joules are in discussions over an ecommerce collaboration and the former taking a substantial stake in the latter to boost liquidity.
Panther wins new logistics contract with ecommerce furniture retailer
Panther Logistics has become the sole delivery partner for My Furniture, the East Midlands based furniture retailer that trades online and from a large Long Eaton showroom.
Leggett & Platt discloses value of Kayfoam Woolfson deal
Leggett & Platt, the global maker of finished and semi-finished products for the bedding and furniture industries, has for the first time confirmed the value of its takeover of the Kayfoam Woolfson business last summer.
Over-stocked suppliers lean in to Wayfair as consumers demonstrate trade down behaviour
A desire to shift excess inventory is encouraging furniture suppliers to lean into Wayfair's marketplace business model while end customers are showing signs of trading down as cost pressures mount.
Hülsta banked larger U.K. gain despite downsized portfolio
German furniture vertical Hülsta banked bigger profits at its U.K. retail and distribution arm in 2021 despite downsizing its shop footprint part way through the year.
Home sales on the retreat says retail giant Next
Fashion-to-furnishings retailer Next sold more of the former and less of the latter as it experienced a sharp reversal of last year's lockdown trends in the three months to July 30.
U.K. profits fall for furniture supplier that acquired PD Global assets
The London based company behind the Artisan Furniture brand recorded a fall in profits at its U.K. business in the 12 months to March 31 this year.
Three years on, hope for creditors of bust bedroom cabinet maker
The sale of property and chasing overdrawn loan accounts has left better prospects for the creditors of a once-sizeable U.K. bedroom furniture maker, even those holding no collateral.
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
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Furniture retail price inflation rises but remains short of record high
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Suitors close in on Eve Sleep as DFS becomes brand's largest retail partner
Eve Sleep says a number of potential suitors have progressed to due diligence stage as the direct-to-consumer and wholesale brand explores a possible sale of the company.
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Wretched quarter saw record number of furniture industry insolvencies
Twice as many furniture, flooring and furnishings companies called in restructuring advisors in the second quarter compared with the same period last year as the market took a downward turn.
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Higher prices push value of furniture retail sales higher in June
U.K. sales growth returned in the furniture and lighting category in June according to official retail sales figures out Friday morning from the Office for National Statistics (ONS).
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Derek Hayes, driving force of furniture retailer TR Hayes for 70 years, has died
Derek Hayes, whose business acumen, energy and passion saw him grow TR Hayes into one of the largest independent furniture retailers in the country, has died. He was 85.
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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Deals: Why the mechanics of the Maker&Son takeover matter
The mood music emanating from key stakeholders in direct-to-consumer sofa brand Maker&Son is more positive than it was. With good reason.
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Debt Report: Filings in the week to August 5, 2022
Seven companies left creditors owed £750,000.
TOP STORIES
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Maker&Son finds fresh investment through North West backer
Direct-to-consumer upholstery brand Maker&Son is understood to have found a new investment partner after closing in on a deal that ushers in a new era at the circa £25 million business.
-
Dwindling independent customer base hit sofa maker, but sale hopes remain
At the turn of the century upholstered furniture maker Vale Bridgecraft had more than 600 stockists, comprising many of the finest independent retailers across the U.K. and Ireland.
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Wayfair pauses pan-European expansion to focus on building U.K. leadership position
Home goods giant Wayfair will delay market expansion plans in favour of reinforcing its position in the U.K. and Germany amid a tougher macro environment.
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Historic Calder Valley sofa maker placed into administration
Restructuring advisors have been called in to a 75-year-old upholstered furniture vertical that sells through a mix of its own-branded and run showrooms and via third party stockists.
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ScS profits to beat expectations as it continues to unwind large order book
Major upholstery chain ScS says it still has an elevated order book compared with historic norms with the unwind of existing bookings to help it record profits ahead of market expectations.
OTHER NEWS
U.K. upholstery industry faces outsized impact of Felixstowe strike
An eight-day strike at the U.K.'s largest container port is likely to impact the upholstery sector more than others across the home furnishings industry.
Dewsbury mattress components supplier pays off debt and bolsters liquid assets
West Yorkshire mattress components supplier BC Springs built cash and stock through 2021/22 in a period that also saw the business deleverage.
Next in talks to acquire large minority stake in lifestyle group Joules
General merchandise retailer Next and lifestyle group Joules are in discussions over an ecommerce collaboration and the former taking a substantial stake in the latter to boost liquidity.
Panther wins new logistics contract with ecommerce furniture retailer
Panther Logistics has become the sole delivery partner for My Furniture, the East Midlands based furniture retailer that trades online and from a large Long Eaton showroom.
Leggett & Platt discloses value of Kayfoam Woolfson deal
Leggett & Platt, the global maker of finished and semi-finished products for the bedding and furniture industries, has for the first time confirmed the value of its takeover of the Kayfoam Woolfson business last summer.
Over-stocked suppliers lean in to Wayfair as consumers demonstrate trade down behaviour
A desire to shift excess inventory is encouraging furniture suppliers to lean into Wayfair's marketplace business model while end customers are showing signs of trading down as cost pressures mount.
Hülsta banked larger U.K. gain despite downsized portfolio
German furniture vertical Hülsta banked bigger profits at its U.K. retail and distribution arm in 2021 despite downsizing its shop footprint part way through the year.
Home sales on the retreat says retail giant Next
Fashion-to-furnishings retailer Next sold more of the former and less of the latter as it experienced a sharp reversal of last year's lockdown trends in the three months to July 30.
U.K. profits fall for furniture supplier that acquired PD Global assets
The London based company behind the Artisan Furniture brand recorded a fall in profits at its U.K. business in the 12 months to March 31 this year.
Three years on, hope for creditors of bust bedroom cabinet maker
The sale of property and chasing overdrawn loan accounts has left better prospects for the creditors of a once-sizeable U.K. bedroom furniture maker, even those holding no collateral.