A lower cost base contributed to higher profits at the Sterling Furniture Group in 2020/21, during which the multi-store retailer made significant capital investment.

The company behind entry-level sofa maker Wyvern Furniture leaves creditors with little prospect of a return after it was placed into administration and ceased trading earlier this autumn.

A Thai retail conglomerate whose interests include iconic Milanese department store La Rinascente is said to be close to agreeing a deal to buy retail group Selfridges.

Premium fitted kitchen, bedroom and freestanding furniture manufacturer and retailer John Lewis of Hungerford says the lease of a new property will boost production capacity.

Nick Garratt, the outgoing managing director of the British Furniture Manufacturers (BFM), says the association is primed to expand and that his successor can build on the achievements of the past three years.

Furniture and department store retailer Bradbeers said it expects to refinance a multi-million development loan after it signed up national retailer Marks and Spencer as a tenant for one of its investment properties.

More than 400 U.K. and international brands have signed to exhibit at the January Furniture Show, which returns to the NEC in Birmingham next month after the pandemic prevented the 2021 edition from taking place.

Emerging upholstery company Swyft Home has secured a seven-figure supply chain finance deal designed to support business-to-business growth with third-party retailers.

The rebuild and reconfiguration of the Bensons for Beds national store portfolio will gather pace with eight new and relocated stores to open by the end of this year and a further 35 units through 2022.

Bed components company Spinks has appointed Emma Davidson as commercial director. Her duties include overseeing a just-launched distribution centre facility that will free up additional manufacturing capacity.

An upmarket Australian furniture retailer with stores in countries ranging from New Zealand to China is planning to open its first U.K. store with a prominent flagship in a former bed shop in Central London.

Upholstery giant Man Wah is to acquire a 55 percent stake in a Far East sofa maker that was once one of the largest in the region supplying U.K. furniture retailers.

Optimism is building among U.K. bed manufacturers as future sentiment regarding demand outweighs concerns over input costs and the availability of labour.

Profits dropped by a third for West Yorkshire mattress manufacturer Dura Beds in 2019/20 on lower sales and rising costs.

Montgomery Group, organiser of joinery and furniture manufacturing trade show W Exhibition, has cancelled the planned February 2022 edition, citing Covid, Government restrictions, and an ever-shifting calendar of European exhibitions.

George Adams, a longtime non-executive director at two of the U.K.'s largest home furnishings retail chains, has died suddenly, aged 65, it was announced Tuesday morning.

Airsprung Group was cash generative and boosted profitability in 2020/21 on the successful execution of a limited restructuring programme designed to "better align the needs of the business to the new reality."

Liverpool home and garden retailer Taskers said it significantly outperformed its forecasts in 2020/21 helped by it implementing its strategic plan, the rates holiday and being able to trade throughout the pandemic.

72-store Danish designer furniture retailer Bolia.com, which has sold in the U.K. online since 2016, is to step up expansion plans after a record financial year.

Furniture industry customers and associates of a white-glove delivery and logistics provider based in the Midlands say the business is no longer trading.

Designer Contracts, the national flooring supplier to the house-builder market, is to sponsor the services of Childline for a day next month. It is the fifth time it has done so.

Flooring supplier Victoria is to enter a new product segment after it agreed to buy the rugs division of Belgium's Balta Group. It will also acquire its U.K. polypropylene carpet and non-woven carpet businesses, plus the Balta brand.

Italian upholstery giant Natuzzi said it continued to enjoy strong demand in the third quarter but supply challenges presented cost and operational headwinds. Strategic outsourcing is one of three strands to address those.

Harvey Norman, the Australia-headquartered furniture and electricals retailer, has continued to find top line growth in both Northern Ireland and the Republic of Ireland despite lapping a period a rapid growth.

National upholstery retailer Sofology has launched a new programme of sofas and chairs in collaboration with architect and TV presenter George Clarke.

The 48th edition of the China International Furniture Fair (CIFF) is to take place online next month rather than as a live event in Shanghai, because of the pandemic.

Investment ahead of the pandemic helped Glasswells, one of Europe's largest privately-owned furniture retailers, mitigate the impact of enforced store closures on its business.

Upholstery and flooring retailer ScS said autumn order intake declined against tough comps while supply chain issues and changing consumer priorities are impacting demand. It has agreed deals with new U.K. suppliers to cut lead times.

Sofa.com plans to maintain a physical store presence in the Harrogate area irrespective of whether proposals by Marks and Spencer (M&S) to re-occupy the upholstery vertical's existing store are approved.

Furniture retailer The Cotswold Company has opened its sixth store and its first since relaunching its brand image back in the spring.

Britain's Buoyant Upholstery has been voted one of 11 pan-European winners of a Forest Stewardship Council (FSC) 2021 Furniture Award, which celebrates the producers of sustainable furniture.

Mattress, components and bed fillings group Harrison Spinks says it is looking to hire 40 new workers in response to high demand for its products.

Bespoke kitchens and cabinetry manufacturer Parlour Farm has been awarded the Manufacturing Guild Mark from The Furniture Makers’ Company, the City of London livery company and furnishing industry charity.

Profits more than doubled for furniture retailer Loaf in 2020/21 as demand for its goods rocketed through the pandemic period leaving it with a massive order book going into the current financial year.

Retail giant Next continued to build headcount at its upholstery manufacturing unit in the past year, but output was lower on factory shutdowns. A write-down of assets hit profitability.

Third-generation retailer Land of Beds has introduced a new marketing campaign, which it described as the most expensive advertising venture made by the business in its 50-year history.

LuxDeco, the high-end ecommerce interiors marketplace, has strengthened its senior leadership team with the appointment of Mike Massimi as chief customer officer.

FIRA International will open the doors to its new furniture testing facilities in Stevenage early next year after announcing the dates of its first four Open Day events.

Mandated store closures gifted sales to ecommerce retailers through the early months of the pandemic but the momentum has slowed in 2021 as U.K. shoppers returned to brick-and-mortar retail environments.

Natuzzi Editions will open its largest U.K. store to date when it heads to Bristol next month. It is one of three imminent new showrooms for the Italian upholstery brand, including a first in Dublin, Ireland.

A Staffordshire cabinet furniture manufacturer that sells custom-fit wardrobes and home office furniture ordered online is expanding into additional premises after rapid growth.

The new owners of bedroom and home office furniture retailer Sharps have installed a new chairman at the business following its buyout earlier this year.

The achievements of leaders at emerging and established home furnishings businesses were recognised at the Great British Entrepreneur Awards, whose 2021 winners were announced Monday night.

Acquisitive U.K. flooring company Victoria has confirmed it is in discussions with Balta regarding the buyout of an unspecified constituent part of the Belgian flooring conglomerate.

Headlam, the multi-brand flooring wholesale conglomerate, has launched a fully-transactional mobile trade app, allowing customers to order products on the go.

Tempur has launched a sofabed, a first for the high end bedding brand best known for its memory foam mattresses and pillows.

Wider margin helped soften the impact of lower sales at Choice Discount Stores in 2020/21, with the furniture-to-fashion retail chain utilising debt finance from retail giant and part-owner Next.

The return of Domotex, the Hannover based trade show for carpets and other floorcoverings, will be further delayed after organisers cancelled the January 2022 edition.

The U.K. arm of the wholesale and ecommerce group behind the furniture, home and garden brands Aosom and Homcom landed profits of £11.4 million last year after more than doubling sales.

The U.K. and Ireland were responsible for the largest decline in attendees at the Brussels Furniture Fair, held earlier this month at Brussels Expo in the Belgian capital.

Changing consumer priorities contributed to a double-digit fall in furniture and home sales at Very Group in the 13 weeks to October 2, 2021 as more of its customers shopped fashion items.

The launch of ecommerce and a diversified product strategy are helping three-store independent Goulds return to profit and shield itself from potential further impact from the pandemic.

Recticel has cranked up the pressure on shareholders to back the sale of its engineered foams business to Carpenter Co, saying the plan has the backing of independent advisory firms.

The value of furniture and lighting retail sales dropped for the second consecutive month in October, falling by £93 million on the same month last year.

A €370 million turnover upholstery and bed manufacturing group has agreed to buy Recticel's Bedding division, which makes finished mattresses and bed frames primarily sold into mainland European markets.

Propensity towards buying high value items such as furniture, white goods or cars has improved to its strongest level since the height of summer, according to polling company GfK.

The disposal of the long-closed Tudor Williams department store in New Malden raised £3.5 million for its former owner, helping it to reduce borrowings and boost liquidity.

Home and furniture retailer Dunelm Group is to start a new share buyback programme in order to satisfy employee share-based award obligations.

Home categories were behind the lion's share of growth across the T.K. Maxx and Homesense businesses in the third quarter, parent The TJX Companies said as it released its latest results.

Furniture retail price inflation continued to tick higher in October, breaking records for the third straight month.

Jarrold & Son, whose diversified operations include The Granary furniture showrooms and its large Norwich department store, saw the value of sales fall by almost half amid pandemic-related store closures.

September saw another vast quantity of Vietnamese furniture land at U.K. ports, likely reflecting large orders placed ahead of Covid-related late summer factory shutdowns in the Far East nation.

Upholstered furniture and beds retailer Willow and Hall ended a company voluntary arrangement (CVA) ahead of plan after creditors agreed to a revised repayment proposal.

The value of foam and sprung mattress imports into the U.K. fell on a year-on-year basis for the third month in a row according to new HM Revenue & Customs figures.

The largest IKEA store anywhere in the world will open next week when the home and garden brand launches its first ever store in the Philippines.

Sofa import growth weakened in September but still grew on an annual basis for an eighth consecutive month on the back of increases from the U.K.'s two largest trading partners.

Delivered sales continued to climb at the same rate in the third quarter as they did in the second in the U.K. and Ireland for Ekornes, owner of upholstery brands Stressless and IMG.

Sofa market leader DFS has added Good Housekeeping to its roster of brand partners as it looks to drive average order value and conversion across its core business.

The independent retailer behind the Charlies home, garden and outdoor brand doubled online sales through the pandemic, a performance that has prompted it to switch its expansion focus towards ecommerce.

Imports of carpets and rugs into the U.K. declined year-on-year in September, ending a six-month run of annual gains.

The upholstery group behind the Alstons, Ashley Manor, AMX Design and Alexander & James brands continued to make top line gains in the three months to end September, but the inflationary cost environment hit profits.

Casper Sleep, the direct-to-consumer brand that was at the vanguard of the bed-in-a-box movement, is to be taken private after it signed a definitive agreement to be acquired by Durational Capital Management.

How furniture companies are adapting their sales approach to meet the needs of customers following the pandemic is the theme of the latest webinar in the building back better series organised by The Furniture Makers’ Company.

Furnishings fabrics business Arley House has successfully defended a copyright infringement claim brought by a minority shareholder and fabric designer.

The owner of Quick-Step, the popular floorcoverings brand, will start recycling high density fibreboard (HDF) used in its laminate flooring after a breakthrough in the sustainability process.

National retailer Bensons for Beds has opened a distribution hub in the North East that will provide home delivery to customers across large parts of the North of England.

The group behind the Parker Knoll, G Plan, Duresta, Collins and Hayes and The Lounge Co upholstery brands is opening a new factory in Worcestershire as it looks to build capacity and future proof its requirements.

A West Midlands mattress and bed manufacturing company has been placed into liquidation leaving high six-figure debts but none to the supply chain.

Profits at Man Wah Holdings, the recliner and upholstery giant with factories across the Far East and Eastern Europe, climbed almost a third in the six months to end September as sales jumped to record highs.

FIRA International, which delivers testing, inspection, certification and training to the furniture industry along with being the service provider to the Furniture Industry Research Association, has moved to new premises in Stevenage, Hertfordshire.

Harrison Spinks, the Leeds bed manufacturer and mattress components and fillings supplier, is partnering a building materials provider to use a by-product of one of its mattress fillings in construction and refurbishment projects.

David Phillips, the furniture provider to property professionals such as landlords and estate agents, has launched a rewards programme, recognising and encouraging loyalty among its customer base.

The value of furniture made in U.K. factories in September was over £27 million higher than any other month in history according to data released Thursday by the Office for National Statistics (ONS).

Low cost variety goods retailer B&M European Value Retail (B&M) plans to muscle further into the big-ticket home market with an ecommerce pilot planned for 2022.

Upholstery producers are reporting further input price pressures for foam after converters and other suppliers of semi-finished products were hit with increases on polyurethane block supplies.

The franchisee behind BoConcept Scotland has opened its third store, with a smart new showroom located at Sterling Furniture's iconic Tillicoultry flagship.

Gatemore Capital Partners, which describes itself as an activist investor that looks to create rather than just identify value, is said to be building a stake in DFS, Britain's largest upholstery retailer.

Organisers of INDX Furniture, formerly the AIS Furniture Show, say they they are looking forward to resuming a more usual format as the exhibition returns in Solihull early next year.

Preston sofa cover and reupholstery company Plumbs has introduced a new ecommerce brand offering finished removable cover sofas, armchairs and accessories.

The pandemic gifted sales to many ecommerce operators but not furniture and home accents retailer Maisons du Monde, whose U.K. business reported declining output last year.

Maisons du Monde has agreed to sell the bulk of its shareholding in U.S. furniture retailer Modani saying it intends to throw itself fully at its European markets instead.

Marks and Spencer Group (M&S) says its new store pipeline has grown to 20 including a further six former Debenhams units, empty since the closure of the erstwhile department store business earlier this year.

Flooring supply group Victoria is adding further ceramic tile capacity with the acquisition of B3 Ceramics Danismanlik, a Turkey based manufacturer and exporter trading as Graniser.

Furniture retailer Barker and Stonehouse will for the first time open concessions having agreed to introduce large areas inside Fenwick department stores in both the North East and South East of England.

National bed specialist Bensons for Beds has made two senior digital appointments as it continues to reshape its leadership team amid its ongoing transformation.

Entry-to-midmarket Danish furniture and homeware retailer JYSK will reach 25 stores in the U.K. when it strengthens its presence in Lincolnshire early next month.

Ecommerce retailer Mattress Online has reimagined its logo and brand identity, saying its refreshed look underpins a new set of company values.

John Lewis of Hungerford, the premium kitchen and bedroom furniture company, returned revenue close to pre-Covid levels in the year to June 30 as it reversed a 2019/20 deficit.

The year-on-year number of U.K. home furnishings companies that appointed insolvency practitioners was flat in the third quarter of 2021, though the figure crept higher on a sequential basis.

Furniture and fabrics retail and wholesale company Andrew Martin International found double-digit revenue growth in the year to January 31 as it traded strongly outside of lockdown periods. Cash and profits also climbed.

A simple majority is all that is required for shareholders to approve the sale of Recticel's Engineered Foam unit to U.S. giant Carpenter.

The local council is to buy the former Palmers department store building in Great Yarmouth, which was latterly operated by Beales after the 180-year family business was sold in 2018.

Suffolk headquartered window fabrics conglomerate Style Group has acquired a stake in 360º Marketing & Communications, a Spain-based marcomms agency.

Ireland, already home to Wayfair operations and infrastructure serving the U.K. market, will be one of two new international territories the home ecommerce giant plans to launch into next year. It also plans to enter the next phase of its physical store strategy.

Leekes, the privately-owned home department store retailer, is to open in the Welsh capital having taken a retail warehouse unit on one of the main arterial roads into Cardiff city centre.

There is less than a month to go until Recticel shareholders will get to vote on whether to sell the group's Engineered Foams business, which includes its comfort foam operations, to Carpenter, the U.S. conglomerate.

Direct-to-consumer company Eve Sleep has launched new non-mattress products as it continues endeavours to position itself as a sleep wellness brand rather than a pureplay bed trader.

The Carpet Foundation, the industry-funded body that aims to lift the profile and boost sales of carpet, is to return to consumer advertising next year.

Flooring supplier Designer Contracts and underlay and fibre technology brand Texfelt were named winners of the Partners in Sustainability Awards at a black-tie event in London last week.

The multi-fascia Stokers group of furniture stores booked its highest ever sales and profits in 2020/21, as its ten-store network started to show its full potential after two high-profile store builds in recent years.

South East furniture and home department store retailer Collingwood Batchellor recorded a loss on the impact of lockdowns and a non-cash impairment in the value of its freehold property.

London department store retailer Harrods earlier this year refinanced a term loan and an undrawn revolving credit facility due to expire next spring, extending the repayment date by a further 18 months.

The Pine House Co, a cabinet furniture retailer based to the east of Bury St Edmunds, is to close permanently following the decision of its owners to retire after 20 years running the store.

The owner of the IKEA brand, responsible for product sourcing and selling goods to the worldwide IKEA franchisee network, booked lower profits in 2020/21 as higher costs negated rising revenue.

Privately-owned retailer Barker and Stonehouse is to build a new and sustainable large furniture store in Gateshead after it was granted planning approval on Wednesday morning.

J Sainsbury, the supermarket and general merchandise group, says it will reduce costs by between £250m–£300 million with planned changes for its Argos and Habitat brands.

Global bed spring and components group Leggett & Platt said raw material-related selling prices increases meant revenue rose in the third quarter despite lower sales volumes.

The price of key ingredients used in the flexible foam recipe have fallen in recent weeks, fuelling hopes among sofa and mattress makers that they may see their own costs ease as a consequence.

Upholstery retailer Sofas & Stuff will open its fourth new store this year and 19th overall when it opens in a former Laura Ashley unit before 2021 is out.

Sales gains are beginning to moderate according to fashion-to-furniture retailer Next which cited a continuing easing in the effects of pent-up demand and stock availability challenges. It also issued a warning on goods such as furniture.

Trendsetter Home Furnishings, the business behind The Fine Bedding Company brand, said it made a welcome return to profit after it outperformed its budget by focusing on creating a more sustainable business.

A leather, wood and fabric restoration product manufacturer that lists DFS, Harrods and John Lewis among its client roster has reduced its use of virgin plastic by 80 percent as part of an eco-drive to minimise its plastic packaging footprint.

Sanderson Design Group (SDG) has appointed former John Lewis Partnership chief financial officer Patrick Lewis to its board as one of two new non-executive hires.

Mike Logue will step down as chief executive of Dreams at the end of the year, handing over the business to successor Jonathan Hirst in a very different state to the one that he inherited.

Silentnight Group, the U.K.'s largest bed and mattress manufacturer, has named the successor to Adrian Fawcett, who ended his decade-long stint as chairman earlier this year.

The company behind The Online Furniture Show is launching a new digital event called Preview22, which it hopes will act as a bridge for retailers and suppliers going into the live trade show period.

Foam and fibre conversion business Breasley, a key supplier to U.K. furniture makers, has been formally renamed as Peak Converters to better reflect its 36-year manufacturing history.

Mohawk Industries, the world's largest flooring company, was bullish on demand in a third quarter trading update, but bearish on supply chain constraints that are pushing out lead times and creating input cost pressures.

Howden Joinery Group, the U.K.'s largest kitchen supplier, said it expects 2021 profits to be about £360 million after it continued to outperform on market tailwinds and a well managed supply chain.

The Swedish conglomerate behind U.K. kitchen chain Magnet saw third quarter revenue fall here on labour market issues and slow recovery in certain sectors.

Foam company Recticel has again advised shareholders not to sell their shares under the offer from Austrian rival Greiner as management look to enact their own plan to divest parts of the group elsewhere.

Buoyant Upholstery has becomes the first company in the furniture sector to join the Slave-Free Alliance, the social enterprise launched by global anti-slavery charity Hope for Justice with the aim of preventing worker exploitation in global supply chains.

John Lewis Partnership, parent to department store retailer John Lewis and supermarket chain Waitrose, has agreed a new, lower revolving credit facility (RCF) linked to environmental targets, meaning it will pay less interest the more green its business becomes.

Passing input cost inflation through the supply chain to retailers, distributors and end users helped diversified flooring conglomerate Balta find growth in the three months to September 30.

Office furniture conglomerate Steelcase has agreed to buy Spanish contemporary furniture maker Viccarbe in a deal worth up to €49 million.

U.K. bed specialist Dreams has outperformed internal expectations in the past quarter according to Tempur Sealy International, the world's biggest bedding company and the new owner of the business.

The high-end furniture retailer behind the largest network of BoConcept stores in the U.K. said it performed strongly amid challenging conditions last year. But it slipped to a first-ever deficit as it expensed investment in new ways of interacting with customers and Covid measures.

Harrison Spinks products are now available through ecommerce retailer Mattress Online, with the bed maker citing the two companies' aligned approach to innovation and sustainability.

High-end French furniture brand Roche Bobois said U.K. business activity remained brisk in the third quarter, delivering double-digit sales growth compared to the equivalent period last year.

Exhibition organiser Clarion Events has launched the pre-registration process ahead of the return of the January Furniture Show at the NEC, Birmingham next year.

An investment group with close ties to the fashion retail sector has bought into furniture retailer Loaf, acquiring a significant stake that values the business well north of £70 million.

Upholstered furniture retailer Sofa Club, which sells online and through lounges in major English shopping centres, will launch its first physical presence in the Midlands next week.

High value project-led business such as fitted kitchens and home offices led the way for home improvement chain Wickes in its third quarter, outperforming its core DIY and trade categories.

Value furniture and homeware retailer JYSK is to host the Sleep Matters roadshow across nine of its U.K. stores next month after striking a partnership with The Sleep Charity.

Small and medium sized furniture and floorcoverings retailers across the U.K. will pay lower business rates through the spring of 2023 after measures announced by the Chancellor during the Budget speech on Wednesday.

The British Furniture Manufacturers (BFM) has appointed an association leadership specialist as its new managing director while current incumbent Nick Garratt is to become its chairman.

Home and leisure retailer The Range will close in on 200 stores with three new openings this Friday while new figures show sales jumped by 35 percent, or £352 million, as it stayed open throughout the pandemic.

Beaulieu International Group (B.I.G.), the diversified Belgian industrial conglomerate, is to increase prices worldwide across its entire flooring solutions portfolio.

IKEA, the U.K.'s largest home goods retailer, has confirmed it is to buy the former Topshop store on Oxford Street in central London, though it will be some time before it opens.

The owner of the Studio and Ace mail-order and Internet brands, both substantial retailers of furniture, said it took decisive steps earlier this year to secure enough stock in time for the festive season.



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