- Details
- RETAIL & DISTRIBUTION
Furniture and soft furnishings chain Harry Corry Interiors generated almost £5 million of operating cashflow for the second straight year but reported profits declined on rising costs and thinner margins.
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- RETAIL & DISTRIBUTION
Furniture retailer Made.com (Made) is returning to an old hunting ground with the opening of its second brand showroom since its relaunch under the custodianship of Next earlier this year.
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- RETAIL & DISTRIBUTION
Value furniture chain JYSK has now reported losses in every year bar two since it arrived in the U.K. 15 years ago as rising operating costs including a higher rent bill vaporised the profits of the Covid-period.
- Details
- CASE GOODS
Liquidation impacts around 20 jobs at East of England kitchen, bedroom, home study maker and retailer.
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- UPHOLSTERY
The West Midlands manufacturing group behind contract seating brands Boss Design, Jack Cartwright and Lyndon Design booked higher profits through 2022/23 but says repeating the feat will be trickier in the new financial year.
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- RETAIL & DISTRIBUTION
Expanding furniture and furnishings retail chain NCF Living is to further build out its store footprint after taking another former Harveys unit.
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- RETAIL & DISTRIBUTION
A wholly-owned Natuzzi subsidiary that runs three of the Italian upholstery company's stores in London returned to profit last year after it booked the revenue from unwinding its large order book.
- Details
- ECOMMERCE
The ambitious ecommerce homewares retailer that rescued £2 million furniture retailer Shabby in early 2022 slipped to a deficit in the first full year since completing the asset buyout.
- Details
- SUPPLY & WHOLESALE
The integration of an acquisition and a new startup soft furnishings manufacturing venture helped North West fabrics group Panaz grow through 2022/23. But rising costs meant profits flatlined.
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- RETAIL & DISTRIBUTION
Furniture retailer Cotswold Company is to open its ninth full-line store and its 12th overall including outlets with the launch of a showroom in Bath next Thursday (Dec. 14, 2023).
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- RETAIL & DISTRIBUTION
Independent furniture retailer Arighi Bianchi is to use its Park Lane warehouse in Macclesfield as a clearance store, opening up once a week to sell ex-display and end-of-line products as well as goods with small defects.
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- RETAIL & DISTRIBUTION
Fabb Furniture cut its net loss through 2022/23 as the retail chain maintained top line momentum and benefitted from a landlord compensating it for exiting a store lease ahead of time.
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- RETAIL & DISTRIBUTION
Beds, furniture and property entrepreneur Andrew Perloff has made additional seven-figure debt finance available to retailer Fabb Furniture in the past year.
- Details
- BEDS & MATTRESSES
The take-private deal of mainland European retail and wholesale group Beter Bed Holding by a venture capital group is substantially complete after almost all existing shareholders agreed to tender their shares.
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- FLOORCOVERINGS
Multi-site flooring wholesale group Likewise said year-to-date revenue remained up double-digit by November but the rate of growth has fallen 4 percentage points since the date of its half-year results.
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- COMMUNITY
The Furniture Makers' Company (TFMC), the industry charity and livery company, on Tuesday night named the recipients of its 60 for 60 Awards — championing a potential new generation of future leaders.
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- RETAIL & DISTRIBUTION
The number of furniture retailers with sales north of £1 million has climbed by a fifth in the past year, as price inflation and post-lockdown demand combined to elevate more companies into seven-figure businesses.
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- SUPPLY & WHOLESALE
Outdoor furniture supplier Alexander Rose has cut inventory levels by more than a third over the past six months as the business returned to profit after the disruption of the immediate post-Covid period.
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- RETAIL & DISTRIBUTION
A wholly-owned U.K. retail subsidiary of high-end French furniture brand Ligne Roset was loss making again in the past year after it had previously ended a run of five straight trading deficits.
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- RETAIL & DISTRIBUTION
Furniture and homeware retailer Dunelm has continued to expand its horizons beyond out-of-town retail parks with the opening of another large in-town former department store unit.
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- SUPPLY & WHOLESALE
Workplace furniture maker Orangebox returned to profit through 2022/23 as the impact of increased top line activity and royalty revenue filtered through the income statement.
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- RETAIL & DISTRIBUTION
Agents have cleared the last remaining stock of the predecessor Made.com company following the furniture retailer's collapse into administration a year ago.
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- RETAIL & DISTRIBUTION
Designer furniture and homeware retailer The Conran Shop is to close its circa £13 million business in France, bringing an end to three decades of trade.
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- UPHOLSTERY
Upholstery and curtain fabrics wholesaler Fryetts said it continued to perform well through 2022/23 despite the recent economic uncertainty, with net margins remaining in double-digit percentages.
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- SUPPLY & WHOLESALE
The largest private shareholder in Established & Sons has increased the size of his stake in the designer furniture, lighting and homewares company.
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- UPHOLSTERY
Polish sofa manufacturer Tessa Group has taken a significant minority stake in Sofa Club, the fast-expanding upholstered furniture retailer that sells online and through lounges in major U.K. shopping centres.
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- RETAIL & DISTRIBUTION
Major independent furniture retailer Lee Longlands plans to expand its footprint with the opening of two new stores inside the next 15 months, the first of which is slated to open just after Christmas.
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- SUPPLY & WHOLESALE
Industrial giant Vita Group, whose diversified activities span semi-finished and finished products ranging from PU foam to mattresses and underlay, has disclosed the sale price for the disposal of a French subsidiary which completed earlier this year.
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- UPHOLSTERY
Experienced furniture industry executive Bo Simonsen has become group sales director at The Sofa & Chair Company, the London based upholstered furniture manufacturer and retailer.
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- SUPPLY & WHOLESALE
Outdoor furniture supplier Alexander Rose booked a large deficit in the 18 months to end February 2023 as delayed containers led to cancelled orders along with elevated demurrage and storage costs.
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- BEDS & MATTRESSES
The West Yorkshire company behind the Bedmaster mattress and beds manufacturing brand invested heavily in stock last year in a period where sales were flat and profits declined.
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- RETAIL & DISTRIBUTION
Residential property transactions, considered one of the best foretellers of future demand for home furnishings such as furniture and flooring, declined sharply in October.
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- RETAIL & DISTRIBUTION
Furniture and electricals retailer Harvey Norman has seen sales in Ireland weaken in the past two months, but the negative trend has softened at its smaller Northern Ireland based operation.
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- RETAIL & DISTRIBUTION
The insolvent restructure of the Pagazzi Lighting retail business earlier this autumn resulted in the closure of three of its stores, administrators have said in a new report.
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- RETAIL & DISTRIBUTION
Value furniture and homeware retailer JYSK opened 135 new stores in the past year and says it expects to pull the shutters up on at least as many again by the end of next summer.
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- CASE GOODS
Lancashire fitted furniture components supplier HPP booked lower profits through 2022/23 as higher output was outweighed by rising costs.
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- REGIONAL
Liverpool furniture, home and garden retailer Taskers said margins were negatively impacted through 2022/23 as it bore additional freight costs of about £1 million. It said it hopes for a recovery now that rates have normalised.
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- BEDS & MATTRESSES
Wooden beds and mattress vertical Get Laid Beds continued to rack up class-leading profits through 2022/23 as high export demand mitigated weaker figures from the U.K.
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- UPHOLSTERY
The carve-up of the adjustable furniture retail group that until earlier this year traded as Middletons and Oak Tree Mobility has led to improved profitability and a better-equipped platform for growth, its owner has said.
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- UPHOLSTERY
A Worcester company incorporated at the turn of the year has been formally told to change its name at the behest of La-Z-Boy Manufacturing U.K., the Lancashire manufacturing arm of U.S. upholstered furniture brand La-Z-Boy.
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- RETAIL & DISTRIBUTION
Ingka Group, the largest worldwide IKEA retailer, saw profits climb five-fold in the year to end August. The proceeds will be reinvested, shared with its employees, and go towards charitable endeavours, the company said.
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- RETAIL & DISTRIBUTION
Restructuring advisors have been called in at Vivense London, a two-store furniture, lighting and homeware retailer that arrived in the U.K. amid multi-million pound investment during the pandemic.
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- SUPPLY & WHOLESALE
Victoria sold 175,000sqft former Westex carpets factory last year, but sale price hadn't previously been disclosed.
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- UPHOLSTERY
The chief executive of Natuzzi has detailed other assets that the Italian sofa maker and retailer might consider selling to raise cash, in addition to its iconic High Point building.
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- FLOORCOVERINGS
Flooring trade buyers looking to comprehensively scour the market for new products face a tight January schedule with two major concurrent international events each saying they will host a wide array of exhibitors.
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- SUPPLY & WHOLESALE
Optimism among furniture makers about the trading environment has faded according to an updated poll of its members by the trade association British Furniture Manufacturers (BFM).
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- FLOORCOVERINGS
Flooring conglomerate Victoria last week recouped tens of millions of euros after closing a transaction to sell off surplus property in Belgium acquired as part of its takeover of Balta's rugs and U.K.-oriented broadloom carpet activities last year.
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- RETAIL & DISTRIBUTION
Bolia, the modern upholstery, cabinet and accents retail brand that has been present in the U.K. market since 2016, has reported its first loss in 14 years.
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- ECOMMERCE
The owners of ecommerce furniture and home brand Laura James say the business is on target to eliminate the losses of the past two years after management change, and investment in both new technology and infrastructure.
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- FLOORCOVERINGS
The executive chairman of Victoria has moved to reassure investors regarding the resignation from the board last week of the co-founder of one of the flooring group's largest shareholders.
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- UPHOLSTERY
Incanto Group, once one of the largest upholstery suppliers to the U.K. market, will bring its Sofitalia brand back to these shores for the first time in ten years in early 2024.
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- UPHOLSTERY
Natuzzi said it did not deliver enough revenue to break even in the third quarter as it lapped an exceptional period last year and endured weak macro economic conditions in markets worldwide.
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- RETAIL & DISTRIBUTION
Upholstery and flooring retailer ScS has appointed Phil Geary as chief marketing and digital officer, filling a post vacated earlier this month after Kyle Rowe took a new position elsewhere.
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- BEDS & MATTRESSES
Beds market leader Dreams has launched a programme of beds and bedroom furniture in partnership with X Rocker, the global gaming furniture brand.
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- RETAIL & DISTRIBUTION
The rebuild of Made.com took another leap forward this weekend after brand owner Next launched the first standalone store for the furniture retailer banner under its stewardship.
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- BEDS & MATTRESSES
Revenue returned closer to pre-pandemic levels for Suffolk bed maker Mansion House Bedding Group through 2022/23 thanks to increased demand from the contract sector. Profits declined on higher costs and investment.
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- RETAIL & DISTRIBUTION
November saw the largest single-month improvement in consumer confidence for major purchases since June 2020, giving retailers a boost going into the final weeks of the year.
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- ECOMMERCE
Online general merchandise retailer Very said its indoor furniture sales performance was "significantly ahead of the market" through the three months to end September.
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- UPHOLSTERY
Output declined double-digit through 2022/23 for Flameproofings, a market leader in the supply of flame retardant fabric coatings for the upholstered furniture industry.
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- UPHOLSTERY
A small West Yorkshire manufacturer of modular sofas and upholstered bed frames has been placed into liquidation within eight months of an ownership change.
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- RETAIL & DISTRIBUTION
Higher costs weakened margins at specialist furniture and bedding retailer Futon Company in the past year, despite another all-time high sales effort.
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- BEDS & MATTRESSES
Home and garden retail giant IKEA has launched a mattress recycling scheme in partnership with The Furniture Recycling Group.
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- RETAIL & DISTRIBUTION
The Furniture Market, one of the U.K.'s largest ecommerce furniture retailers, invested heavily in new delivery vehicles and infrastructure last year as it continued to achieve profitable momentum.
- Details
- BEDS & MATTRESSES
The National Bed Federation (NBF) has issued an urgent call to bed manufacturers and retailers to watch out for and report fraudulent emails purporting to be from the trade association.
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- UPHOLSTERY
JPL Upholstery, a circa £5 million turnover recliner and sofa maker that was producing three models for one of the country's largest furniture retailers, has been placed into liquidation.
- Details
- UPHOLSTERY
Flexlux, the modern chair and sofa brand from Danish upholstery producer Theca, will enjoy its largest U.K. retail trade audience yet when its makes its January Furniture Show debut early next year.
- Details
- FLOORCOVERINGS
Floorcoverings conglomerate Victoria has reported a half-year net loss of £22.5 million on weak demand, higher finance costs and a slew of underlying restructuring line items.
- Details
- RETAIL & DISTRIBUTION
Alteri Investors has detailed the total cash amount it has invested, loaned or contributed so far into the vertically-integrated Bensons for Beds operation, the U.K.'s second largest retailer in the beds category.
- Details
- SUPPLY & WHOLESALE
Fritz Hansen, the designer furniture maker whose products are sold through some of the U.K.'s sharpest modern retailers, has appointed Henrik Steensgaard as its new chief executive as it looks to return to profit.
- Details
- REGIONAL
Large independent furniture and flooring retailer John Doe of Diss leaned into its credit facilities through 2022/23 amid investment in new assets and the pay-down of trade obligations.
- Details
- RETAIL & DISTRIBUTION
Antony Batty & Co appointed at South West floorcoverings retailer on Monday following notice of intent filing ten days ago.
- Details
- RETAIL & DISTRIBUTION
The Conran Shop has opened its first location in the Middle East with a new store in the largest shopping mall in Kuwait.
- Details
- RETAIL & DISTRIBUTION
Furniture retailer Barker and Stonehouse has begun testing and selling a curated selection of products on the ecommerce platform of Next, the general merchandise retail giant.
- Details
- BEDS & MATTRESSES
Vertically-integrated bed manufacturer Naturalmat has opened its first store in the North of England after taking a former Laura Ashley home furnishings and fashion unit.
- Details
- RETAIL & DISTRIBUTION
German kitchen giant Nobilia is closing in on 80 stores for its franchised Kutchenhaus brand with another nine locations slated to open soon, adding to those already opened so far this year.
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- RETAIL & DISTRIBUTION
The group behind historic furniture, kitchens and appliance retailer Knees Home and Electrical narrowed its net loss on higher revenue through 2022/23, ahead of the closure of one of its Wiltshire stores.
- Details
- RETAIL & DISTRIBUTION
Emerging beds retailer The Sleep Haven has followed its late-September launch in Yorkshire with the opening of a second unit, this time on the Riverside Retail Park at Warrington.
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- RETAIL & DISTRIBUTION
Designer furniture, homeware and lifestyle retailer The Conran Shop has received further equity funding from its owner, taking the amount beyond £10 million already this year.
- Details
- RETAIL & DISTRIBUTION
A third senior company official earlier this year became a shareholder in Loaf, the expanding furniture retailer backed by investment firm Blue Coast Capital.
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- UPHOLSTERY
A fourth West Midlands upholstery company managed by former suppliers to Walmsley's has entered insolvency, leaving creditors owed the thick end of £1 million.
- Details
- UPHOLSTERY
Upholstered furniture manufacturer Man Wah Holdings has confirmed it plans to appeal a judge's ruling in the U.S. that it should pay damages to a former supplier after an intellectual property (I.P.) dispute.
- Details
- RETAIL & DISTRIBUTION
EZ Living Furniture is to open a purpose-built store on arguably the most lucrative piece of real estate for comparison goods in all of Northern Ireland after state officials granted planning approval.
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- UPHOLSTERY
U.K. and Ireland revenue almost halved for the owner of the Stressless and IMG upholstered furniture brands in what proved a challenging third quarter.
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- UPHOLSTERY
Upholstered furniture imports into the U.K. continued to trend down in September as they lapped record levels of trade last year.
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- RETAIL & DISTRIBUTION
The year-on-year value of furniture and lighting sales climbed in October according to the Office for National Statistics (ONS), though it revised down earlier figures.
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- UPHOLSTERY
Near £1 million gain for the Cradley Heath supplier to U.K. upholstered furniture manufacturers and re-upholsterers.
- Details
- RETAIL & DISTRIBUTION
Salvation Army Trading Company is seeking to expand its corporate partnership network by teaming furniture retailers requiring solutions for unwanted or end-of-life products.
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- CASE GOODS
Shipments of living and dining wood furniture arriving into the U.K. continued their year-long tumble in September, falling sharply on the same month last year.
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- UPHOLSTERY
Man Wah Holdings, the Hong Kong listed upholstered furniture conglomerate, booked higher first half profits despite revenue continuing to slide on the back of weaker trade with its biggest export market.
- Details
- BEDS & MATTRESSES
Foam and sprung mattress imports into the U.K. were higher for the third consecutive month on a year-on-year basis in September.
- Details
- RETAIL & DISTRIBUTION
Property agents handed a privately-owned Devon and Dorset department store retailer a boost after an upwards revaluation of its freehold assets.
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- RETAIL & DISTRIBUTION
Thailand's Central Group is to become the majority shareholder of U.K. and Ireland retailers Selfridges, Brown Thomas and Arnotts after it exchanged debt for equity in the department store group.
- Details
- EVENTS
Global foam manufacturer Carpenter has become the latest headline sponsor of the Furniture Component Expo, the new event organised by the British Furniture Manufacturers' (BFM).
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- UPHOLSTERY
A summer softening in demand impacted third quarter revenue at the upholstered furniture group behind Alstons, Ashley Manor, AMX Design and Alexander & James, but margin expansion mitigated the effect on earnings.
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- RETAIL & DISTRIBUTION
Consumer furniture price inflation eased to its lowest level in 34 months in October as the falling away of upstream supply chain pressure combined with a desire to stimulant weak demand, prompting price cuts.
- Details
- CASE GOODS
Bedroom cabinet furniture imports into the U.K. declined double-digits in September with Brazil proving the outlier after a climb in the value of container loads of products arriving from South America's largest country.
- Details
- FLOORCOVERINGS
Carpet imports into the U.K. declined for the third straight month on a value basis in September and at a steeper rate than in the year so far.
- Details
- REGIONAL
Four-store South East England bed specialist Hamseys Sleep Centres recorded higher year-on-year profits, though cash declined as it paid down outstanding liabilities.
- Details
- BEDS & MATTRESSES
Dorlux, the 104-year-old bed brand that has been largely absent from the U.K. market for most of the past decade, is set to return.
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- UPHOLSTERY
The Manchester upholstered furniture manufacturer behind brands including The English Sofa Company and The Chesterfield Company paid down debt last year as it continued to register six-figure profits.
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- RETAIL & DISTRIBUTION
Italian fashion brand Dolce & Gabbana has opened two showrooms in London for its furniture-and-home-oriented Dolce & Gabbana Casa brand. One is a dedicated boutique, with the other described as a corner within Harrods.
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- FLOORCOVERINGS
Flooring supplier Victoria received almost universal backing from shareholders to accept the company's 2022/23 accounts and reappoint its auditor on Monday, but its share price fell sharply, paring back recent gains.
- Details
- RETAIL & DISTRIBUTION
Long-held ambitions for an IKEA store in Sussex have moved a step closer after its affiliate Ingka Centres tied up a property deal for the largest shopping centre in Brighton.
- Details
- RETAIL & DISTRIBUTION
High-end furniture retailer RH pumped tens of millions more pounds into its U.K. operation through capital expenditure in the year leading up to the opening of its first gallery here earlier this summer.
- Details
- UPHOLSTERY
Upholstery market leader DFS is expanding its store footprint in the capital after agreeing to take over a former Argos unit.
- Details
- BEDS & MATTRESSES
Devon bed maker Vispring is following the launch of its flagship central London showroom with the addition of a second, further west.
- Details
- FLOORCOVERINGS
One of the largest single-store carpet retailers in the South West of England faces an uncertain future after administrators were lined up to take control of the company's affairs late last week.
- Details
- UPHOLSTERY
The scion of a Chinese domestic appliance conglomerate is to acquire a controlling stake in Jason Furniture (Hangzhou) Co, one of the world's largest upholstery producers and a major white-label sofa source for large U.K. retailers.
- Details
- RETAIL & DISTRIBUTION
Norton Group Holdings, parent to home and leisure retailer The Range, has agreed £255 million of new bank loans since the start of last year amid investment in its new 1.2 million sqft group distribution centre in Stowmarket.
- Details
- RETAIL & DISTRIBUTION
Upmarket furniture design, wholesale and retail group Neptune has pinned a hefty 2021/22 loss on shipping cost inflation but says it has made a swift return to profit after making cost savings and restructuring its leadership team.
- Details
- SUPPLY & WHOLESALE
U.K. furniture manufacturers recorded an eighth straight year-on-year decline in turnover at the factory gate in September according to new official data out Friday morning.
- Details
- FLOORCOVERINGS
The privately-owned flooring group behind regional distributors such as Pennine Flooring, Volante and Planners Services booked lower profits last year as rising costs mitigated the impact of higher output.
- Details
- BEDS & MATTRESSES
Global Components (UK), the West Yorkshire based bed, mattress and upholstered furniture components supplier, booked lower profits last year on rising costs and falling revenue.
- Details
- BEDS & MATTRESSES
Airsprung Group has restructured its management team with new group roles for the managing directors of its Airsprung Beds and Gainsborough Beds business units.
- Details
- UPHOLSTERY
London based upholstered furniture manufacturer and retailer The Sofa & Chair Co has so far kept to the terms of a company voluntary arrangement (CVA) agreed with HM Revenue & Customs and other creditors a year ago. It follows the finding of cost savings and space consolidation.
- Details
- UPHOLSTERY
Upholstered furniture manufacturer Buoyant has bolstered its design and development team with two key hires arriving from rival sofa companies.
- Details
- RETAIL & DISTRIBUTION
The current fair value of BoConcept, the international urban furniture brand, has declined for the second time inside 12 months as macro-economic pressures hit consumer spending.
- Details
- RETAIL & DISTRIBUTION
Half-year profits jumped for retail giant Marks & Spencer (M&S) as it made revenue gains in categories including food and fashion.
- Details
- COMMUNITY
Beds market leader Dreams and housing and homelessness charity Shelter have launched a children's book aimed at breaking the stigma of families who are homeless in temporary accommodation.
- Details
- RETAIL & DISTRIBUTION
Tapi Carpets & Floors is closing in on 180 stores nationwide after it last weekend bolstered its presence in the North West of England.
- Details
- RETAIL & DISTRIBUTION
National bed specialist Bensons for Beds has said it achieved like-for-like sales growth in all four quarters of its 2022/23 financial year, and returned to profit.
- Details
- REGIONAL
Historic furniture company Reynolds was one of the standout pound-for-pound retailers of the pandemic period, booking seven-figure profits for the third straight year in 2022/23.
- Details
- REGIONAL
Independent furniture retailer Vale Furnishers has announced the planned closure of its Farnham store, with the lease on the East Street premises soon to expire.
- Details
- BEDS & MATTRESSES
YouTube review adverts extolling the virtues of Emma mattresses from a website controlled by an Emma Sleep subsidiary have fallen foul of marketing guidelines, the Advertising Standards Authority has ruled.
- Details
- FLOORCOVERINGS
Associated Weavers says the launch of its new state-of-the-art warehouse in Northampton can help it recover share lost in the cut-length market segment as a result of events outside its control.
- Details
- BEDS & MATTRESSES
A North West based manufacturer of contract quality beds and mattresses for the hotel, leisure, care and education industries has been placed into liquidation, leaving seven-figure debts.
- Details
- UPHOLSTERY
Next's wholly-owned South Yorkshire sofa factory has registered its highest output since the general merchandise giant first started the endeavour seven years ago.
- Details
- CASE GOODS
A French retailer with a U.K. turnover of £75 million has agreed to pay damages and costs to Cambridgeshire cabinet furniture supplier Teemo Designs after an intellectual property (I.P.) dispute.
- Details
- RETAIL & DISTRIBUTION
West Elm's U.K. retail operations recorded EBITDA of £3.4 million through 2022/23 despite reduced output as it closed one store, cut the lease term on another, and exited its wholesale agreement with John Lewis.
- Details
- RETAIL & DISTRIBUTION
Higher costs resulted in lower profits for the Ulster Stores group ahead of the closure of its dedicated ecommerce beds and bedding business unit earlier this year.
- Details
- EVENTS
Clarion Events says exhibition space in Hall 1 of the January Furniture Show has now sold out, more than two and a half months before the doors to the event open.
- Details
- COMMUNITY
The Furniture Makers' Company, the City of London livery company and charity for the furnishing industry, is launching a month-long Online Christmas Charity Auction, with the hope of raising at least £10,000.
- Details
- BEDS & MATTRESSES
Former England footballer David Beckham has signed to become a brand ambassador for premium bedding brand Tempur Sealy in its Asia-Pacific markets.
- Details
- UPHOLSTERY
Upholstery and furnishings group Belfield said strong credit control helped narrow its operating cash burn last year in a period where the industry-wide chronic shortage of foam led to production disruption and inefficiencies.
- Details
- UPHOLSTERY
Westbridge says the closure of one of its North Wales factories earlier this summer will bring operational benefits as the Belfield-owned sofa maker looks to bounce back from a challenging 2022.
- Details
- UPHOLSTERY
Revenue reached its highest level since the credit crunch for Tetrad last year, but rising costs weighed on the bottom line.
- Details
- RETAIL & DISTRIBUTION
Inter IKEA, the company that owns the IKEA brand and supplies its franchisee operators, doubled its profits in the past year as it lapped a period of higher costs and one-time items.
- Details
- RETAIL & DISTRIBUTION
The md of Glasswells says the retailer is interested in both growth and diversification after another strong trading year, but he cautioned that more recent trading patterns have been tougher.
- Details
- RETAIL & DISTRIBUTION
The mobility group behind direct-to-consumer adjustable furniture brand Willowbrook booked double-digit profits at the EBITDA line in the first full year since a near £40 million venture capital-backed buyout.
- Details
- RETAIL & DISTRIBUTION
Logistics supplier Wincanton has won a contract to carry out white-glove home deliveries for The Conran Shop, the designer furniture, homeware and lifestyle retailer.
- Details
- RETAIL & DISTRIBUTION
U.K. beds market leader Dreams was among the standout performers for Tempur Sealy International in the third quarter of 2023 with its CEO calling out the retailer's leadership team for its "outstanding execution."
- Details
- ECOMMERCE
Furniture and Choice, one of the U.K.'s largest ecommerce furniture retailers, is launching its debut television advert ahead of the Black Friday promotional event later this November.
- Details
- SUPPLY & WHOLESALE
Castle Donington furniture wholesaler Birlea has revealed its new-look logotype and corporate identity amid an expanded product roster and new senior managerial appointment.
- Details
- REGIONAL
Profits climbed at South East England home and fashion outlet retailer Choice last year as high growth helped mitigate against an inflation-driven margin decline.
- Details
- UPHOLSTERY
Raft will officially open the doors to its first designer furniture outlet on Saturday morning (Nov. 4, 2023), the upholstery vertical and cabinet retailer has announced.
- Details
- UPHOLSTERY
Expanding upholstery brand Swyft reversed seven-figure losses to wash its face through 2022/23 as it benefitted from sales growth, a debt-for-equity swap, and a restructured cost base.
- Details
- RETAIL & DISTRIBUTION
Free cashflow was positive for Wayfair for the second straight quarter as earlier cost cutting measures and a return to top line growth paid off for the ecommerce conglomerate in the three months to end September.
- Details
- RETAIL & DISTRIBUTION
Less than a third of Argos' total retail space will be represented by standalone stores by March next year as the general merchandise retailer revealed plans for more store closures.
- Details
- SUPPLY & WHOLESALE
Premium lighting, homeware and occasional furniture supplier Porta Romana delivered class-leading profits in the year to end April on the back of sales growth and its ability to pass on price rises to customers.
- Details
- FLOORCOVERINGS
Flooring retailer Calverts Carpets found margin and kept a lid on costs through 2022/23, mitigating the impact of sales falling from a 12-year high the previous year.
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