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- OPINION & ANALYSIS
For the first time since 1953, John Lewis Partnership says it will not pay its employees a bonus. If that proves to be the case, it will not be because it lacks the resources to do so.
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- RETAIL & DISTRIBUTION
Consumers continued to divert more of their discretionary spend towards home goods as retailers enjoyed further growth in August, according to official retail sales figures.
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- RETAIL & DISTRIBUTION
Home sales fell sharply at John Lewis & Partners in the six months to July 25 as ecommerce tailwinds failed to counter the impact of store closures through the pandemic.
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- RETAIL & DISTRIBUTION
Furniture companies are benefiting from Next allowing its customers to book bulky-goods deliveries directly via suppliers' networks, according to the general merchandise giant.
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- RETAIL & DISTRIBUTION
General merchandise retailer Next will next month open four new large-format Home & Beauty stores as part of a pilot programme.
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- ECOMMERCE
Furniture, home and garden retailer Wayfair will next week host its annual Way Day promotion, the second running of the sales event in the U.K. market after it debuted in 2019.
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- UPHOLSTERY
Upholstery market leader DFS has launched a new programme of leather sofas and chairs in collaboration with Halo Group, the multinational furniture business to whom it has just sold Sofa Workshop.
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- SUPPLY & WHOLESALE
Furniture prices at the factory gate inched forward last month ahead of manufacturers facing the impact of a spike in raw material prices this autumn.
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- ECOMMERCE
Ecommerce retailer My Furniture, the pan-European company based in the East Midlands, made a third straight bottom line gain in 2019–20 as it eliminated its prior earnings deficit.
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- FURNISHINGS & ACCENTS
Italian furniture group Calligaris has for the first time disclosed the detail behind its late autumn 2019 buyout of high-end lighting company Luceplan.
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- RETAIL & DISTRIBUTION
The owner of the bulk of the IKEA worldwide store estate has bought the remaining shares in a kitchen installation business it first invested in two years ago.
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- SUPPLY & WHOLESALE
Calligaris Group, the contemporary Italian furniture maker whose products are sold in over 100 countries worldwide including the U.K., says the medium-term outlook is positive despite the Covid-19 pandemic.
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- BEDS & MATTRESSES
Imports of foam and sprung mattresses into the U.K. declined at the height of summer despite a leap in the value of goods shipped from Turkey and China.
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- SUPPLY & WHOLESALE
Furnishings conglomerate Hunter Douglas has been told to divest at least 51 percent of its shares in window dressings etailer 247Blinds after a ruling by the U.K. competition watchdog.
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- UPHOLSTERY
Man Wah Holdings, owner of the Cheers recliner brand, has built a mammoth new factory to bolster production in the Chinese market.
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- TRADE & INDUSTRY
The British Furniture Confederation's Buy British Furniture Event goes live this weekend amid a heightened public desire to support home-grown producers.
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- RETAIL & DISTRIBUTION
National sofa and carpets retailer ScS says it hired 150 new employees last month and has a similar number of vacancies still available as it looks to scale up headcount to cope with demand.
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- SUPPLY & WHOLESALE
U.K. sofa, mattress makers hit with "aggressive" foam price increases that will have to be passed on
Britain's furniture and bedding retailers should brace for imminent price increases with sofa and mattress makers here coming under intense raw material price pressure, particularly for foam.
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- BEDS & MATTRESSES
Mattress company Eve Sleep will take a bigger step into the ancillary sleep products market after striking a partnership with Boots, the national health and beauty retailer.
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- SUPPLY & WHOLESALE
The value of case goods imports into Britain weakened from every major source nation in July, new Government figures show.
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- INTERNATIONAL
Worldwide sales climbed for international furniture retailer JYSK in 2019–20 despite the impact of retail closures around the globe resulting from local lockdowns.
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- UPHOLSTERY
Prestige upholstery producer Kingcome Sofas says it was on track for mid single-digit sales growth when the virus hit the U.K. earlier this year.
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- RETAIL & DISTRIBUTION
The CEO of RH, the luxury furniture and home goods retailer that has in the past described the U.K. as a billion dollar revenue opportunity, has outlined the planned opening timeline for its first British gallery.
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- UPHOLSTERY
Upholstery imports continued to decline at the height of summer, but the drop-off was the narrowest since the start of the year.
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- RETAIL & DISTRIBUTION
Company behind posh London department store concession leaves £1m debt, most of which was owed to the Italian mother brand.
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- FLOORCOVERINGS
The rate of decline in carpet imports narrowed in July as goods from far-off nations made their way into the U.K. in higher volumes while those closer to home still struggled.
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- TRADE & INDUSTRY
Middleton Bespoke Joinery, a custom joinery and furniture maker, has been awarded the Manufacturing Guild Mark from The Furniture Makers’ Company, the furnishing industry charity and City of London livery company.
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- RETAIL & DISTRIBUTION
Sir Terence Conran, the founder of Habitat and Britain's highest-profile furniture designer, has died at home in Berkshire. He was 88 years old.
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- UPHOLSTERY
The Chinese furniture group that has owned HTL International since 2016 is planning legal action after the leather sofa maker was sold under its nose against its wishes.
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- UPHOLSTERY
The founder of Far East upholstery producer HTL International has bought back the business after agreeing a takeover deal that takes it out of judicial management and back into private hands.
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- BEDS & MATTRESSES
National beds retailer Bensons for Beds has strengthened its board with the appointment of Ian Shepherd as a non-executive director.
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- FLOORCOVERINGS
Ulster Carpets, one of Europe's largest flooring manufacturers and a major supplier to the cruise ship sector, has entered a formal consultation process that could lead to up to 70 job losses.
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- OPINION & ANALYSIS
Furniture retailers with a few spare pennies to invest have been watching ScS and DFS closely since lockdown.
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- RETAIL & DISTRIBUTION
Homewares powerhouse Dunelm Group has made big strides into the furniture category in the past year despite the onset of Covid-19, the retailer said in releasing full year results today.
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- BEDS & MATTRESSES
Longtime Bensons for Beds executive Mark Cort has been appointed managing director at Jay-Be, the West Yorkshire folding bed, mattress and sofabed manufacturer.
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- RETAIL & DISTRIBUTION
The group that owns beds and furniture businesses Airsprung and AHF agreed a seven-figure property deal for the retail unit that would later go on to house the renascent Beales department store business this summer.
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- UPHOLSTERY
A Bristol based upholstery and soft furnishings specialist opened its new-look showroom on Tuesday this week after it took advantage of lockdown to complete refurbishment works.
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- RETAIL & DISTRIBUTION
Leader brings seven years in charge to an end to take role at construction company.
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- FLOORCOVERINGS
Flooring conglomerate Victoria said demand has recovered in all its principal markets with trading resilient since it last updated the market in July.
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- RETAIL & DISTRIBUTION
A trading update from Britain's largest third-party logistics company supports the prevailing view that furniture and flooring trade has been strong industry-wide post-lockdown.
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- RETAIL & DISTRIBUTION
The Harveys furniture store chain is yet to completely disappear with the administrator handling its insolvency saying they are continuing to trade the business.
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- FLOORCOVERINGS
Investment group Meditor Holdings has followed its takeover of Carpetright earlier this year with a second flooring deal, buying a predominantly online hard flooring specialist.
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- SUPPLY & WHOLESALE
Woodbender, a family-owned and run South African cabinet maker specialised in handcrafted made-to-order solid bentwood furniture, is launching into the British market.
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- REGIONAL
Hatfields of Colchester, the major southeast England independent furniture retailer, agreed access to new term and revolving debt as it protected its business from the impact of lockdown.
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- BEDS & MATTRESSES
National retailer Bensons for Beds has stepped up recruitment at its Lancashire logistics and distribution centre as it executes its transformation programme following its late June restructure.
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- BEDS & MATTRESSES
Tempur Sealy International says it will source 100 percent renewable electricity for its U.S. and European manufacturing operations as part of a deeper commitment to reducing its global environmental footprint.
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- UPHOLSTERY
ScS, Britain's number two upholstery retailer, says its new financial year has started where the old one left off with orders up by more than half since the end of July.
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- RETAIL & DISTRIBUTION
Sales and profits have climbed sharply for Harvey Norman as the furniture and electricals made itself "the first port of call for Irish consumers wanting to set up a home office or reinvigorate their homes."
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- UPHOLSTERY
Intellectual property disposal follows the collapse of the £1.6 million turnover Bedfordshire upholstery manufacturer earlier this year.
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- FLOORCOVERINGS
The company that controls the Axminster Carpets manufacturing business has revised upwards the value of its investment properties after a series of successful planning applications.
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- BEDS & MATTRESSES
London based mattress-in-a-box brand now launched after August 2019 incorporation.
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- RETAIL & DISTRIBUTION
Home-based categories continued to be the standouts across British retail in August, according to a closely-followed survey.
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- BEDS & MATTRESSES
Swedish beds conglomerate Hilding Anders has divested a key part of its French business, selling a €40 million turnover mattress maker to a CEO-led management buyout.
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- UPHOLSTERY
New consumer touch point for expanding upholstery retailer.
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- RETAIL & DISTRIBUTION
Danish furniture conglomerate JYSK says every new product it launches from January 1 2022 will be constructed from sustainable timber and it has an even bolder goal further down the line.
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- BEDS & MATTRESSES
Enterprises from across the U.K. and international bedding industry have agreed to become the first-ever individual award category sponsors of the National Bed Federation (NBF) awards, whose 2020 winners will be announced this autumn.
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- RETAIL & DISTRIBUTION
Restated figures after an accounting rethink resulted in a decline in year-on-year turnover for both the Freemans and Grattan home shopping brands still being higher than that previously reported.
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- UPHOLSTERY
Upholstery manufacturer Nicoletti Home says it has boosted production capacity at its Italian base to ensure surging demand for products doesn't mean customers will have to compromise on pre-Christmas delivery timeframes.
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- RETAIL & DISTRIBUTION
Expanding furniture retailer Loaf has introduced its first-ever television advertising campaign, fulfilling a long-held aim for the privately-owned clicks-to-bricks company.
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- BEDS & MATTRESSES
A VC with form in the U.K. online home furnishings category has acquired a sizeable chunk of shares in Eve Sleep, the reinvigorated mattress and ancillary products company.
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- SUPPLY & WHOLESALE
Headlam Group says it will either sell or terminate the leases at four properties as Europe's largest flooring wholesaler consolidates more of its southeast England operations at its new Ipswich distribution centre.
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- UPHOLSTERY
The North West upholstery producer behind the Timeless Chesterfields brand is calling on other sofa makers to follow its lead so that traditional skills aren't lost to British industry.
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- FLOORCOVERINGS
Lancashire smooth floorcoverings supplier Havwoods says it has adjusted well to the Covid-19 situation but warns it could take a year and a half for revenue to be restored.
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- BEDS & MATTRESSES
Mattress and bedding manufacturer Duvalay has plans to further build out its business now that it has completed its move into the West Yorkshire factory it bought last year.
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- ECOMMERCE
Premium furniture, home and lifestyle retailer's assets were sold on a break-up basis to U.K. ecommerce rival.
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- FLOORCOVERINGS
The mandated closure of its operations and customer base left Headlam Group, Europe's largest flooring wholesaler and owner of 67 autonomously-run business units, nursing a hefty deficit for the first half of the year.
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- ECOMMERCE
Costco, the members-only wholesaler, pumped more cash into its U.K. Internet business after another bumper year of growth, part-driven by the furniture category.
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- UPHOLSTERY
Upholstery fabrics and soft furnishings show Proposte will take place in the north of Italy from April 19–21, 2021, exhibition organisers have announced.
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- RETAIL & DISTRIBUTION
Home improvement retail giant B&Q has pledged £100,000 of expiring Apprenticeship Levy funding to Transfer to Transform, a scheme that helps local businesses near its Hampshire HQ.
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- RETAIL & DISTRIBUTION
The head of the Sofa Workshop business for the past three years will not be part of the management team once the retailer's sale to Halo Group from DFS completes.
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- OPINION & ANALYSIS
The Sofa Workshop business and brand clearly has enduring appeal. Since its creation in the mid-1980s, it has had multiple custodians, with the Halo Group and Timothy Oulton soon to become the latest.
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- RETAIL & DISTRIBUTION
Fenwick, the privately-owned department store retailer and a sizeable vendor of furniture, moved to build flexibility into its financing requirements by agreeing access to tens of millions of pounds of debt funding this summer.
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- EVENTS
Domotex, the international floorcoverings exhibition held annually every January, has postponed its next edition until May 2021.
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- RETAIL & DISTRIBUTION
Floorcoverings retail market leader Carpetright has expanded its network of concessions inside Furniture Village stores.
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- BEDS & MATTRESSES
One of the world's largest mattress manufacturers and a longtime Sealy licensee is close to a rescue of the Sealy U.K operation at Aspatria in a deal backed by the U.S. based brand owner.
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- RETAIL & DISTRIBUTION
Dunelm Group has become the latest retailer to say it has taken advantage of the current market tailwind as it reported bumper sales growth at the height of summer.
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- RETAIL & DISTRIBUTION
Board change at designer furniture and homeware retailer.
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- BEDS & MATTRESSES
Paul Little returns to the beds industry today (Sep. 1) by becoming group managing director at CPS Group, a key partner to the U.K. beds and furnishings sectors.
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- RETAIL & DISTRIBUTION
Nobia, the Swedish kitchens conglomerate and owner of British retail chain Magnet, has bolstered its senior management team with two executive hires.
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- RETAIL & DISTRIBUTION
Mandated store closures left bedroom chain Sharps bereft of sales in the three months to end June but it still generated cash from operations and recorded a skinny profit at the adjusted EBITDA line.
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- BEDS & MATTRESSES
The winners of the eleventh edition of the National Bed Federation (NBF) Bed Industry Awards will be announced late autumn with the trade association having now revealed the categories for this year's programme.
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- UPHOLSTERY
Upholstery fabrics supplier Mobus is finalising its move to a new West Yorkshire warehouse HQ that effectively gives it twice the stock space and will deliver upgraded service levels for its customers.
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- UPHOLSTERY
The Norwegian owner of recliner brand Stressless reported revenue in the U.K. and Ireland down by almost 36 percent in the second quarter as mandated store closures impacted trade.
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- REGIONAL
The privately-owned group that lists heritage retailer Jarrold as its flagship asset is cutting more than a fifth of its workforce including Minnie Moll, CEO at its department store unit.
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- FLOORCOVERINGS
Local lockdowns impacted sales and eliminated profits for the carpet giant Balta in the first half of 2020 but the Belgian conglomerate still managed to generate cash.
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- ECOMMERCE
Internet home and garden retailer Wayfair has expanded its U.K. property network, leasing a building in the North West of England.
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- ECOMMERCE
Growth in the number of branded home companies whose products are available on the ecommerce platform of general merchandise retail giant Next has slowed for the first time in over four years.
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- RETAIL & DISTRIBUTION
Halo Group will rebadge the Sofa Workshop business as Sofa Workshop by Timothy Oulton following its planned acquisition from DFS.
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- RETAIL & DISTRIBUTION
Halo Group has agreed to buy upholstery retailer Sofa Workshop from DFS Furniture Group, bringing its seven-year tenure of the brand to an end.
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- RETAIL & DISTRIBUTION
Sales climbed for U.S. headquartered furniture and accents retailer West Elm in the three months to August 2 but its U.K. operation may have found the going tougher.
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- RETAIL & DISTRIBUTION
The property arm of retail giant IKEA has written down the value of its U.K. retail real estate by more £120 million over the past two years.
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- EVENTS
The organisers of IMM Cologne, one of the two largest furniture trade shows on the European mainland, have left no room for doubt, saying it is a "certainty" the doors will open on January 18, 2021.
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- RETAIL & DISTRIBUTION
When you invest £10 million on a single furniture store expectations are bound to be high. The all-new Lucas Furniture at Aylesbury, which soft-launched last weekend, does not disappoint.
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- RETAIL & DISTRIBUTION
The U.K. trading arm of home furnishings giant IKEA part-reversed a prior-year deficit in 2018–19 after new stores boosted sales and countered a slide in gross margin.
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- ECOMMERCE
Online sales jumped by more than a quarter for IKEA in the U.K. last year but the higher costs associated with servicing its Internet business were a cost headwind.
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- ECOMMERCE
Home furnishings online search engine and comparison website Ufurnish.com has appointed Toni Wood as its chief marketing officer.
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- FLOORCOVERINGS
United Carpets Group, the flooring and beds franchise retailer, says it has agreed a £2 million bank loan secured through the Coronavirus Business Interruption Loan scheme (CBILS).
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- RETAIL & DISTRIBUTION
The administrators running the Lee Longlands independent furniture store business say no creditors will miss out and the six-store business will be returned to its owners if all goes to plan following their early-summer appointment.
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- RETAIL & DISTRIBUTION
Upholstery market leader DFS says trading continues to be significantly ahead of its initial post-lockdown expectations across both its showrooms and online.
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- REGIONAL
Independent retailer Taskers of Accrington is to build a new website it hopes will deliver the twin result of higher online sales as well as more customers visiting its North West store.
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- RETAIL & DISTRIBUTION
Department store retailer John Lewis & Partners is said to be considering dropping its Never Knowingly Undersold slogan while one of its recently-closed stores could become a dedicated furniture shop under a different operator.
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- COMMUNITY
Privately-owned furniture retailer Barker and Stonehouse has raised £10,000 to be shared between charities representing the furniture industry and the NHS after organising a socially-distanced golf competition.
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- RETAIL & DISTRIBUTION
The one-time owner of the now defunct Walmsley's furniture chain and ex-IKEA sofa maker Olympia has returned to the interiors sector after acquiring the retail division of a £30 million soft furnishings group.
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- EVENTS
The Belgian exhibition that was due to herald the return of mainstream B2B furniture events in Europe has been cancelled because of health concerns.
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- REGIONAL
The net worth of a two-store furniture retailer with a sizeable Internet operation advanced after it kept six-figure profits within the business in 2019–20.
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- ECOMMERCE
Ecommerce home goods retailer Wayfair has moved to protect shareholder value by authorising the buyback of up to $700 million (£535m) of outstanding class A shares in the company.
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- COMMUNITY
Privately-owned furniture retailer Arighi Bianchi has donated furniture worth £32,000 for NHS staff to use during rest periods in wellbeing areas across local hospitals.
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- RETAIL & DISTRIBUTION
The value of furniture and lighting sales climbed rapidly in July according to the Office for National Statistics (ONS), backing up widespread anecdotal data.
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- SUPPLY & WHOLESALE
German bedroom supplier Wiemann is to showcase an upgraded programme of finishes and options for its popular Monaco VIP range at three separate U.K. furniture events this autumn.
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- RETAIL & DISTRIBUTION
The bounceback is well underway with U.K. furniture retailers having already recouped much of what was lost from when the Government mandated retail and factory shutdowns earlier this year.
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- RETAIL & DISTRIBUTION
Consumer confidence for major purchases such as furniture, cars and white goods is at its strongest level since before the pandemic, but remains at a historically weak level.
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- UPHOLSTERY
Demand has rocketed since the Buoyant Upholstery factory reopened but its md Mike Aramayo says the surge has brought with it fresh production headaches.
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- BEDS & MATTRESSES
Savoir, the bed manufacturer whose products retail for an average price of £25,000, will celebrate the simple pleasures of being in bed as part of a new advertising campaign about to go live.
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- INTERNATIONAL
The company behind the 78-store U.K. home and furniture chain HomeSense says the runway is long as it looks to capitalise on post-lockdown demand for its home-related merchandise.
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- RETAIL & DISTRIBUTION
Poundland stores nationwide will carry a programme of inexpensive home and décor items with the rollout of Pep&Co Home concessions across its U.K. store network.
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- BEDS & MATTRESSES
Tempur Sealy International, the world's biggest bedding company, is building a new factory in the U.S. with a target opening date of Q1 2021. It will be one of three opening within a six-month period.
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- BEDS & MATTRESSES
Mattress manufacturing at Huntingdon will be at the core of Bensons for Beds transformation, the retailer says, with it yesterday launching its inhouse Slumberland brand into the roll up space.
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- UPHOLSTERY
The acquisition of upholstery vertical Sofa.com can buttress Frasers Group's plan to trade up, the diversified retail giant said today.
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- BEDS & MATTRESSES
Chris Knight has stepped down as managing director at specialist two-man delivery company Keen & Able after four years in charge. He plans to remain in the sector.
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- RETAIL & DISTRIBUTION
Consumer price inflation for furniture advanced to its highest level since December last month as market tailwinds lessened the need for retailers to use promotions to stimulate sales.
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- REGIONAL
East of England furniture retailer Glasswells will reopen its Bury St Edmunds superstore on Saturday after cleaning up the devastation caused by a storm last weekend.
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- RETAIL & DISTRIBUTION
We are entering end-of-days time at Harveys, the national furniture chain left behind when Bensons for Beds, its former sister brand, was reacquired by Alteri Investors in a prepack deal late June.
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- RETAIL & DISTRIBUTION
Fenwick, the storied department store chain and a major retailer of furniture, says it will report a bigger loss for the year to January 31, 2020 after market headwinds hit sales.
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- REGIONAL
Independent furniture and department store retailer Barkers (Northallerton) estimates the Government-mandated shutdown of its stores cost the business about £40,000 a day in lost sales.
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- TRADE & INDUSTRY
Designer Contracts, deVol Kitchens and the founder of a furniture comparison website are among those from the industry to be shortlisted for The Lloyds Bank National Business Awards U.K. 2020.
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- RETAIL & DISTRIBUTION
Charles Barker, the longtime managing director at Barkers of Northallerton, the privately-owned furniture and department store retailer, has died. He was 69.
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- UPHOLSTERY
Factory and customer closures meant revenue was down sharply for TCM Living, owner of the Alstons, Ashley Manor and Alexander & James brands, in the second quarter of 2020.
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- BEDS & MATTRESSES
Spinks, the spring and comfort technology company, has promoted commercial director Darren Marcangelo to managing director. He will also take a seat on the group's main board.
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- BEDS & MATTRESSES
Neil Robinson, the longtime Sealy U.K. sales and marketing director, has returned to the bed industry to head up the U.K. and Ireland business for adjustable base giant Ergomotion.
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- REGIONAL
Glasswells says all hands are on deck as it looks to get its large Bury St Edmunds superstore reopened after it was hit by severe flood damage caused by torrential rain last weekend.
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- RETAIL & DISTRIBUTION
Marks and Spencer, the clothing, home and food retailer, said it will cut 7,000 roles over the next three months as it adjusts to the shift online and the impact the pandemic has had on the way its business operates.
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- BEDS & MATTRESSES
Retailers have reacted warmly to new product plans at South West bed maker Relyon following its takeover out of administration in a deal led by its former CEO earlier this month.
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- BEDS & MATTRESSES
U.K. sprung and foam mattress imports increased on an annual basis in June, ending a barren year-on-year stretch dating back to September 2019.
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- SUPPLY & WHOLESALE
The value of wood cabinet imports shipped to the U.K. in the first six months of 2020 is down just over a fifth on last year, a less severe decline than those seen in all other big-ticket furniture categories.
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- ECOMMERCE
Employee headcount fell by 8 percent at pan-European ecommerce furniture retailer Home24 in the first six months of the year, a period that saw it move closer to profit on rising sales.
- Details
- TRADE & INDUSTRY
The Furniture Industry Research Association is launching a series of recorded training sessions on key regulations that impact stakeholders in the furniture sector.
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- UPHOLSTERY
Harvey Ellis, who for decades ran what became one of Europe's largest sofa manufacturing operations as production director for DFS, formally left the business earlier this summer.
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- UPHOLSTERY
Employees at Formation Furniture, historically one of the country's largest upholstery factories, face redundancy after a successful sale out of administration failed to materialise.
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- RETAIL & DISTRIBUTION
When a reasonably prominent South East furniture retailer, a business that continues to trade today, completed an insolvent restructure a few years back, suppliers were relatively unconcerned.
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- FLOORCOVERINGS
First half carpet imports into the U.K. are down by a third on the previous year after June saw an eighth consecutive year-on-year decline.
- Details
- ECOMMERCE
Online retailer The Very Group, historically one of the top five largest retailers of furniture in the U.K., says sales jumped more than a third in the three months to end June.
- Details
- UPHOLSTERY
A fifth straight decline in upholstery imports means the value of goods shipped to the U.K. is down by a third in the first half of 2020. But June figures were an improvement.
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- SUPPLY & WHOLESALE
One-time major U.K. cabinet distributor says it will record a loss for the first half of 2020.
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- RETAIL & DISTRIBUTION
The vast Shrewsbury store formerly operated by Alan Ward has this week reopened under the Cousins Furniture fascia as it clears out stock acquired as part of the buyout.
- Details
- RETAIL & DISTRIBUTION
Online sales ramped for TJ Hughes during lockdown, with the discount department store chain saying its Internet business had "experienced exponential growth."
- Details
- CASE GOODS
Jarrow cabinet furniture and shelving company Funky Chunky Furniture says it expects to achieve over £4 million in sales in the next year after it expanded and reconfigured its manufacturing operation.
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- LEGAL & RESTRUCTURING
The number of U.K. furniture, flooring and furnishings companies being placed into insolvency processes increased by all comparative measures during the three months to end June.
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- RETAIL & DISTRIBUTION
Department store retailer Debenhams said a further 2,500 jobs would go across its U.K. store and warehouse network as it eliminates a variety of roles within the business.
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- RETAIL & DISTRIBUTION
But profits fall as higher wage bill takes toll on administrative burden.
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- OPINION & ANALYSIS
The decision to wind down European operations was completed by Casper Sleep in the second quarter of 2020 with the decision, through no fault of its own, appearing to be ill-timed.
