All retailers operating from properties with a rateable value below £51,000 will pay no business rates for a year under emergency measures introduced today by the Government in response to the coronavirus outbreak.

Heavy rain, often desired by furniture retailers as it is considered a boon to big-ticket footfall, dampened high street shopper numbers last month though had a less pronounced impact on retail parks.

The discount department store retailer TJ Hughes has closed a small number of outlet stores after restructuring part of its operation through a prepack administration process.

Lee Longlands, one of the U.K.'s largest independent furniture retailers, lauded the performance of its continuing business in a year that saw its remaining stores trading under the Furniture Barn fascia close.

Creditors of the no-longer-trading independent furniture retailer Holdens of Newark face an expected shortfall north of £800,000, the biggest sum being a collateralised intra-group balance.

The incoming chairman at John Lewis Partnership says breathing new life into the home merchandise segment of its department store chain is high among its priorities for 2020.

Next, the general merchandise retailer, is to launch an "extensive range of homeware, nursery and fashion items" under the Scion label after striking a deal with its brand owner.

A dissenting taxman almost scuppered the company voluntary arrangement (CVA) between furniture wholesaler Content by Terence Conran and its creditors.

Bedroom and home office furniture maker and retailer Sharps booked higher profits in the first quarter of its 2019–20 financial year thanks to higher sales, wider margin and a foreign exchange gain.

Losses widened for Wayfair in 2019 but the home furnishings giant said it made "rapid" U.K. market share gains as it invested in building brand awareness here.

The value of customer redress claims has left furniture and electricals rent-to-own retailer BrightHouse in a battle for survival, according to weekend press reports.

Combined revenue at the divested U.K. furniture and mattress operations of Steinhoff International Holdings declined at a narrower rate in the final three months of 2019 compared to earlier periods.

Home improvement retailer Homebase added thousands of new products last year as the business re-emerged as a key player in furniture and returned to profit at the EBITDA line.

Dwell, the DFS-owned retailer, will today become the latest furniture company to open a concession inside home improvement chain Homebase.

Clarke & Clarke, the soft furnishings brand owned by interiors group Walker Greenbank, is collaborating with TV personality Tess Daly on the launch of her first homeware collection.

The shutdown of department store chain Beales will hit fashion and beauty brands more than home suppliers, according to new statutory filings.

A Staffordshire ecommerce group behind two high-end furniture and lifestyle retail websites has acquired the assets of Houseology, the premium home etailer that ceased trading last month.

General merchandise retailer Argos, one of the U.K.'s biggest retailers of mattresses and other furniture, has opened its 300th store inside a Sainsbury's supermarket.

The reshaping of the board of luxury fabrics and interior furnishings group Walker Greenbank has continued with the appointment of a new chief financial officer.

New statutory filings disclose the depth of expected creditor shortfall at premium online furniture and lifestyle retailer Houseology Design Group, which was placed into administration last month.

Ecommerce retailer Wayfair U.K. has brought its CosmoLiving by Cosmopolitan programme of furniture and home accents to its British business for the first time.

A key furniture supplier to the residential property sector is to expand its customer base with the launch of a retail showroom in the North West next week.

The West Yorkshire company behind the kids furniture brand Stompa in the U.K. market recorded high six-figure cash and profit yields in 2018–19.

Joseph Joseph Group, the parent company to one of Britain's most successful housewares brands, posted profits up more than a third last year as revenue growth accelerated.

Furniture and flooring retailers nationwide will have new landlords after major retail property owner Hammerson sold nine retail parks for a combined £455 million.

Former Habitat head of trading Katharine Poulter has taken up her new post as CEO at fashion-to-furnishings chain Laura Ashley earlier than planned, the retailer said today.

Luxury furniture and interiors platform LuxDeco said it grew sales by more than a third during the final three months of 2019 as it bucked the malaise afflicting rivals.

Administrators handling the insolvency of Beales say the department store chain's remaining 11 stores are also now earmarked for closure.

South East homewares distributor Sabichi enjoyed bumper sales growth last year as investment in new product paid dividends.

Inaugural group accounts for the new holding company of fitted furniture specialist Hammonds disclose the deal value for its 2019 management buyout.

Pan-European Internet retailer Home24 said it was profitable by one earnings measure in the fourth quarter as it began to reap the benefit of efficiency initiatives.

A decline in furniture sales have sparked a liquidity crunch at Laura Ashley, which says it is in talks with lender Wells Fargo regarding its funding requirements.

Ashford retailer Ashbury Furniture will close for good today (Feb. 17) after the privately-owned company suffered a downturn because of extended roadworks.

Ena Shaw, the Potter-family owned soft furnishings supplier and home retailer, has ceased trading and been placed into administration.

Home furnishings ecommerce giant Wayfair is to lay off 550 people worldwide, representing about 3 percent of its global workforce, according to the Boston Globe.

Inter Ikea, the company that controls the IKEA brand and franchise concept, has named Jon Abrahamsson Ring as its new chief executive.

Dunelm plans to further crank up the pressure on rivals in the furniture sector after growth in the category exploded in the past six months.

Executive departs Lincolnshire independent for St. Helier department store.

The owners of swish furniture and homewares retailer Heal's have hired advisers to conduct a strategic review that could result in the business being sold.

High-end interior furnishings group Walker Greenbank cited weakness in its two largest markets for a decline in sales in the year to January 31, 2020.

Final planning permission has been granted for the New Monks Farm development at Lancing, which will become home to a new full-line IKEA superstore.

Beales, the department store chain placed into administration through KPMG last month, says it will close 12 of its 23 stores.

Financial terms regarding the takeover of the company behind Manchester based soft furnishings brands Curtina, Dreams & Drapes and Appletree have been disclosed for the first time.

Cafom, the international rights holder of the Habitat brand, says the division made a smaller loss last year as it readied its sale to a new owner.

Curated design show 100% Design has been rebranded and relocated for 2020. Now called Design London, it will take place across the city at North Greenwich.

This is the first week in several years we haven't reported John Lewis & Partners' weekly sales figures after the department store chain decided it would cease externally publishing them.

Maisons du Monde's global business continued to fly in 2019 as it expanded its store footprint and shrugged off the impact of industrial action in its domestic market.

Retail giant IKEA will this summer permanently shut its Coventry store, the first time the U.K.'s largest home retailer has pulled the plug on one of its mammoth superstores. 352 jobs are at risk.

Higher trade sales boosted U.K. revenue for Swedish kitchens conglomerate Nobia in the three months to end December but retail sales at Magnet declined.

Cabinet furniture retailer The Cotswold Company has agreed a rolling 12-month contract with AO Logistics, boosting its two-man delivery capability.

West Midlands and North West independent furniture retailer Cousins is to permanently close its Greater Manchester store, and will kickstart a closing down sale tomorrow morning.

The website, database, brand and other intellectual property of Internet furniture and lifestyle retailer Houseology are being marketed for sale following the business being placed into administration last month.

Profits would have been higher still but for a change in the regulatory environment in Germany.

Former Steinhoff U.K. CEO left board of cabinet furniture retailer The Cotswold Company late last year.

Rolf Benz, the premium German furniture maker bought by Kuka owner Jason Furniture in 2018, has opened its first Japanese flagship showroom, adding to recent launches in China.

Furniture wholesaler Content by Terence Conran has written to creditors proposing a company voluntary arrangement (CVA) according to The Sunday Times.

New CEO replaces Kwan Cheong Ng, who will retire from executive director duties at Laura Ashley this spring.

A decline in sales across the U.K. and mainland Europe hit profits at luxury furnishings group Designers Guild in 2018–19.

Designer furniture manufacturer Fritz Hansen has opened its first U.K. standalone showroom with a two-floor space in London's trendy Clerkenwell district.

N Brown Group, the ecommerce retailer majoring in fashion but also selling a comprehensive furniture programme, has appointed Sarah Welsh to the new role of retail CEO.

The estate of the fallen upholstery chain Multiyork has become the latest industry concern to recoup funds from the foam sector after its insolvency practitioner agreed a settlement with an unspecified supplier.

Former company officials last month completed a prepack deal for the assets of the circa £4 million turnover furniture retailer HOS Home, which ceased trading last October.

John Lewis & Partners is breaking with years of tradition by ending the public disclosure of its weekly sales figures. The department store went out with a whimper, revealing an eighth straight decline in home merchandise.

Flatpack pioneer IKEA will take the number of U.K. locations where its furniture home assembly service is available to 27 with the addition of another six in the days ahead.

A third straight decline in the value of furniture invoices processed through the central paying agent of Associated Independent Stores (AIS), whose members include many of the country's top privately-owned retailers, underscore the challenge facing elite traders in the furniture category.

Profits jumped 3.9 percent for global furniture superpower Lars Larsen Group in 2018–19 with Danish furniture wholesaler Actona among its standout performers.

Houseology, the high-end Internet home and furniture retailer that had accumulated losses north of £9 million at the time of its last public disclosure, has stopped trading and been placed into administration.

Ecommerce design platform Decovry has acquired the assets of German furniture marketplace Monoqi and plans to build a bigger U.K. business as a consequence.

Fast-expanding home and leisure goods retailer The Range is to expand its distribution infrastructure in the North after agreeing a 20-year lease on a large pre-existing warehouse.

Investment firm True has appointed former N Brown executive Ralph Tucker as chief executive at The Cotswold Company, the major U.K. cabinet furniture retailer with sales north of £50 million.

The Internet will account for a fifth of all U.K. retail spend within the next four years, according to new research by GlobalData, the analytics and data company.

Upholstery, beds and cabinet furniture retailer Loaf says profits will grow at a faster rate in 2019–20 if it can maintain its performance in the next three months.

Sales of home goods fell for the seventh straight week at department store retailer John Lewis & Partners as customers shopped its final week of clearance.

A private investor group led by the former U.S. national sales manager at Gloster Furniture has acquired North Carolina based upholstery producer Our House Designs.

British furniture manufacturer Ercol, which is celebrating its centenary year in 2020, has recruited Roset (UK) director Arno Koch as its new sales director.

Department store retailer Beales has been placed into administration through KPMG after talks to find a solvent solution to its problems ended in failure.

Blue Group's retail division, which comprises Harveys and Bensons for Beds, has announced a partnership with Mind, the mental health charity.

The managing director of Cookes Furniture, one of the largest independents in the country, says he is confident the market will improve in 2020 after last year proved "undeniably challenging for retail."

LifestyleGarden, a division of ScanCom International, will this spring launch what it has described as "the first mass market piece of furniture crafted from recycled plastic waste."

Unsecured creditors of West Midlands furniture wholesaler Serene Furnishings will likely get less than three pence in the pound back following the prepack deal that rescued the business last month.

Shop Direct's transition to become The Very Group has completed with the North West home shopping retailer reporting mid single-digit growth over the festive season at its principal brand.

Furniture retailer Loaf has appointed a replacement chief financial officer for Tim Parfitt, who left the company for a new role in the beds sector last year.

Home sales fell for the sixth straight week at John Lewis & Partners with the chain annualising against a strong competitor promotion from this time last year, which it price-matched.

Wood bedroom, living and dining cabinet furniture imports climbed ahead of the year-to-date trend in November on strengthening trade with two of the three biggest Far East markets.

Footfall at out-of-town shopping parks, home to many of the U.K.'s largest furniture and flooring retailers, near held in December despite fewer shoppers frequenting other retail destinations.

Former lenders to Swoon now control 30 percent of the predominantly ecommerce furniture retailer after the prepack administration deal that rescued the business before Christmas.

Department store chain Beales hopes to tie up a rescue deal within days that will see it emerge in a slimmed down form. It faces being placed into administration if the transaction fails to complete.

West Midlands case goods wholesaler Heartlands Furniture has been fined after pleading guilty to breaches of the E.U. Timber Regulation (EUTR).

Profits jumped for Ponsford, one of the largest furniture retailers of its type in the country, as the privately-owned company found savings and margin improvement in 2018–19 amid lower turnover.

Marks and Spencer cited lower furniture dispatches as a factor in weaker-than-expected online sales in its third quarter. The run rate subsequently improved while it also narrowed its overall decline in clothing and home sales.

Interim sales jumped 6.0 percent to £585 million for homewares retailer Dunelm with the chain's online channel the main growth driver, it said in a trading update.

John Lewis & Partners managing director Paula Nickolds is leaving after 25 years with the department store chain. It means she won't take up the newly-created role announced last autumn as part of a management merger with Waitrose.

Furniture and home retailer IKEA is pressing ahead with plans to build a bigger presence in urban areas with a new store slated for Hammersmith, London.

The sale of furniture chain AHF a year and a half ago gave it the chance to refresh its retail offering and marked the beginning of it reversing a negative sales trend.

Pier 1 Imports, the North American furniture and home furnishings retailer and among the world's largest in the category, plans to close 450 shops in a huge downsizing of its store network that could reverberate in other markets.

General merchandise sales trended down for the third consecutive quarter at Argos owner J Sainsbury in the final weeks of 2019, underachieving compared with its grocery and clothing categories.

A fifth consecutive week of home sales decline at John Lewis suggests the retailer peaked early in the category after cutting prices last autumn.

Otto Group, the diversified retail and logistics giant with global sales of €13.4 billion, has hired former Debenhams CEO Sergio Bucher to its executive board.

Profits before non-cash and debt interest costs jumped by nearly a third at Furniture Village last year as the retailer booked higher sales and initiated its plan to lower overheads.

The future of West Midlands furniture wholesaler Serene Furnishings has been secured after the company's business and assets were sold in a prepack administration deal.

IKEA, the world's largest furniture and home retailer, has agreed to pay $46 million (£35m) to the parents of a young child who died after a piece of furniture tipped over when he climbed on it.

Danish furniture and homewares retailer JYSK says it will open its 20th U.K. store in early March as it kickstarts an opening programme designed to near treble its network by 2024.

Mattressman, the East of England beds retail chain that restructured in the summer of 2018, says it has begun to regain lost ground and can return to profit in the current financial year.

Bath furniture retailer Silcox Son and Wicks is planning a major refurbishment project at its New Street store that will see it close for the bulk of the year ahead.

A four-store retailer that folded last autumn leaves creditors owed £4.6 million according to a new report, with more than a fifth of its debts due to the tax man.

Underlying profits jumped by a quarter for furniture-to-fashion retailer The White Company in 2018–19 with it citing a strong U.K. store performance and reduced emphasis on discounting.

An online window dressings retailer has been told to change its promotional message after home furnishings retail giant Dunelm complained to the advertising watchdog.

Home merchandise revenue declined at department store chain John Lewis last week as the retailer closed out 2019 with a fourth straight sales miss.

Storied fashion-to-furnishings retail chain Laura Ashley will downsize its store portfolio again in 2019–20 but there remains an appetite for newness and selective store openings.

Alan Ward, one of the U.K.'s most prominent independent furniture and floorcoverings retailers, has sold its shareholding in its standalone storage business for £6 million.

Sales of home goods were fractionally down at John Lewis in the final full week leading up to Christmas though early clearance offers meant big-ticket furniture lines still made gains.

The newly-formed Blue Group, owner of U.K. chains Bensons for Beds and Harveys, has combined its retail team into one management structure, expanding the remit of the head of its beds retail business.

Prestige designer furniture retailer Heal's says it made another step forward in profitability in the year to September 2019 despite the loss of sales and stock from the fire at its Chorley warehouse, the cost of which has been detailed for the first time.

Privately-owned retail and leisure group Leekes says profitability improved in 2018–19 despite the challenging retail environment and its hotel business facing competitive and inflationary pressures.

Falling bed sales won't put United Carpets — the U.K.'s third largest retailer of floorcoverings — off from operating in the category, the retailer has said.

Business Growth Fund, which has held minority positions in a number of U.K. furniture and flooring businesses, this summer added a stake in the company behind Internet retailer Furniture123 to its portfolio of investments.

The later fall of Black Friday this year hindered retail sales last month, according to figures out yesterday from the Office for National Statistics (ONS).

Cabinet furniture maker Welcome, one of the largest remaining companies of its type in the U.K., posted bumper sales growth in 2018-19, but cautioned that there is no room for complacency.

Revenue dropped by £4.65 million in the year to end March for Cascade, one of the U.K.'s largest suppliers of domestic lighting sold through department stores, supermarkets and home goods retailers. Profits still inched ahead.

Furniture bucked the wider home goods trend at John Lewis & Partners last week, delivering a 53 percent climb on the same period a year ago.

Mike Gant has resigned as chief financial officer at luxury interior furnishings group Walker Greenbank, the company has announced.

Department store chain Beales could have a third owner within the space of little over a year after the 22-store business said it would consider offers for the company. It has opened a formal sales process amid a search for fresh investment.

JYSK, the inexpensive Scandinavian furniture and homewares retailer, will kick-start its expansion programme across the U.K. with the opening of its 20th store next spring.

Higher costs and narrower margins meant furniture retailer Habitat posted a bigger loss in 2018–19. Total sales fell because of changes in its store estate, but the underlying revenue picture was positive.

Glasswells, one of the U.K.'s largest independent furniture retailers, completed another four-figure fund raise at its annual quiz night, generating money this year for the My WiSH charity.

Furniture retailer Swoon — sold to its co-founders in an insolvent buyout earlier this week — will continue to work with third-party retailers but says that its concession partnership with Debenhams is nearing its end.

Living, dining and bedroom cabinet imports into the U.K. have returned to growth in 2019 and a large part of that is down to the rise in the value of goods shipped from Malaysia.

A third consecutive year of double-digit sales growth helped North East cabinet wholesaler Baker Furniture book higher profits in 2018–19 in spite of rising overheads.

Privately-owned furniture retailer Barker and Stonehouse achieved a seventh straight year of revenue growth in the 12 months to end March, a period that saw it continue to upgrade its technology infrastructure.

Furniture and homewares retailer Swoon has been sold to its co-founders via a prepack administration deal that leaves prior backers of the business facing the loss of their investment, The Telegraph reported.

Furniture and flooring were bright spots in a week that saw overall home sales fall back for John Lewis & Partners, the department store chain.

Upmarket Scottish retailer Shapes Furniture, based just outside of Edinburgh, is clearing all stock ahead of its planned permanent closure.

Department store retailer Debenhams has appointed former Home Retail Group CEO John Walden as a non-executive director.

Taskers, the major Liverpool based furniture and home improvement retailer, says the early signs of its restructured operations are encouraging. It follows the business narrowing its net loss in 2018–19.

Off-price department store retailer The Original Factory Shop says its company voluntary arrangement (CVA) last year has transformed its balance sheet, cutting debt and ongoing store costs.

Footfall declined in November as heavy rain kept shoppers away from key retail destinations last month, according to a closely-followed survey.

London based designer furniture and homewares retailer Skandium has opened a pop-up store in the capital, marking a return to physical store retailing for the first time since its assets were sold in the summer.

RH, the U.S. furniture and home retail giant whose vast galleries generate tens of millions of dollars in sales, has disclosed upscaled U.K. property plans as part of its international launch.

Scottish fitted furniture vertical Ashley Ann said the tough consumer market impacted its retail business in 2018–19 but it enjoyed growth in its trade division and said the new period offered grounds for cautious optimism.

Dunelm says profits will be higher than previously forecast because of margin gains and after its transition to a new web platform completed without hiccups.

Australian furniture and electricals retailer Harvey Norman said it enjoyed a near double-digit climb in revenue on the island of Ireland at the start of its new financial year.

National soft furnishings chain Ponden Home returned to profit in the six months to March 2 on wider gross margin, lower costs and a pro-rata uplift in sales.

Kitchen giant Nobia, owner of U.K. retail chain Magnet, says it will build a new state-of-the-art factory in Sweden that will represent the largest single investment in its history.

John Lewis & Partners posted the highest single-week sales in its history last week as Black Friday offers helped the department store chain clear the quarter of a billion pounds barrier for the first time ever.

The company behind the Fields of Sidmouth and Goulds of Dorchester stores in southern England initiated a cost-saving exercise in 2018–19 amid tough trading conditions.

The closure this autumn of furniture retailer Richard Lefton Furnishings leaves creditors facing a combined six-figure shortfall according to statutory filings.

Flokk, the €300 million turnover Scandinavian furniture manufacturing group, has added U.S. supplier 9to5 Seating to its growing roster of office chair companies.

Sharps, the 77-store bedroom furniture retailer backed by the same private equity owner as Dreams, recorded high single-digit sales growth in the three months to end September amid challenging trading conditions.

Retail sales climbed in November adjusted for the later timing of Black Friday this year, according to members group the British Retail Consortium (BRC).

Underlying profits up but tax charge impacts net result for London based mail-order and ecommerce brand.



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