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Continued top line growth last year helped ecommerce home and living giant Wayfair book its first profit since both its IPO in 2014 and its rebrand from CSN Stores a decade ago.
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The ecommerce group behind the JD Williams and Home Essentials ecommerce and mail-order businesses has hired Ron McMillan as chairman to replace Matt Davies, who will step down at the end of March.
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Pan-European home and living retailer Home24 said sales jumped 42 percent in 2020 with the German-based business getting this year off to an even stronger start.
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An online retailer behind multiple branded bedding websites slipped to a loss last year after higher sales costs hit margins.
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One in every three pounds spent on key furniture items such as sofas was spent online in 2020 as ecommerce surged and store sales fell sharply as a result of mandated shop closures and changing consumer behaviour.
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Office furniture conglomerate Herman Miller says the business has invested heavily in product adaptation and online with retail becoming more important amid work-from-home directives in key markets.
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Online home, garden and living retailer Cox & Cox continued to build out sales in 2019–20 with it citing rapid growth in the furniture category as a key driver.
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Furniture Village is taking the store experience to the customer's home with the launch of an immersive 3D virtual showroom, enabling customers to digitally walk through one of its shops.
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Inaugural full disclosure accounts reveal West Yorkshire ecommerce retailer Furniture and Choice to be among the largest businesses of its type operating in the U.K.
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Experienced marketer Laura Sutherland has joined West Yorkshire children's bedroom retailer Room To Grow with a brief to scale up its marketing and develop its product range.
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A review into the unsecured consumer credit market has called for buy-now pay-later (BNPL) unsecured lending to be regulated for the first time.
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New financial statements underscore comments made by senior Wayfair officials last summer that revenue in the U.K. and Germany combined is tracking over $1 billion, with the former making up the biggest proportion of the total.
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Ecommerce sales climbed 41 percent in the final three months of 2020 for Maisons du Monde as the multinational furniture and home accents retailer gained a bigger slice of the British market.
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The Great Little Trading Company, the youth-oriented mail-order and Internet retailer, says it is well positioned to benefit from the rise in online shopping resulting from the pandemic.
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Danetti, the ecommerce furniture retailer that opened its first bricks and mortar showroom late last year, booked rising profits in the year to March 31, 2020.
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Fashion retailer Boohoo Group has acquired the Debenhams brand and other intellectual property for £55 million, heralding its entry into the furniture and homeware market.
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Full year sales climbed for Eve Sleep with the direct-to-consumer mattress and ancillary products company saying it had cut losses too on the revenue tailwind and business model adjustments.
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MadeiraMadeira, a Brazilian furniture and interiors ecommerce marketplace, has raised $190 million (£140m) from investors as it looks to capitalise on the surge in online sales.
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Follows December issue of new shares in British upmarket ecommerce furniture and homewares etailer.
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Home shopping group N Brown says a bigger proportion of revenue is coming from sales of home goods after customers pivoted spend away from other categories.
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Online retailer Very.co.uk booked near 50 percent growth in furniture and mattress sales in the run-up to Christmas as the ecommerce brand made the most of rivals' store closures and increased interest in home categories.
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High-end furniture and home retailer Amara says it has benefitted from the accelerated move by consumers to online shopping in 2020 after a period in which it recalibrated its business via debt refinancing and restructuring.
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Furniture retailer Made.com grew sales by more than a fifth last year and is tracking ahead again in 2020. The company has rewarded staff by handing out share options.
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Listed ecommerce furniture retailer Home24 has successfully raised €46.4 million from the issue and sale of new equity in the business in a move designed to bolster its balance sheet.
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KPMG has made a distribution to unsecured creditors of the predecessor company behind the Swoon brand following the insolvent restructure of the furniture retailer this time last year.
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Profits climbed for the U.K. operation of French furniture and home décor retailer Maisons du Monde last year despite its ill-fated Debenhams concessions costing the business 75 pence for every pound of sales.
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Molteni&C, the Italian designer furniture manufacturer whose products are sold through high-end retailers worldwide, has launched a first-ever ecommerce store.
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Catalogue and Internet retailer's new chief financial officer joins from home shopping competitor.
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The Very Group, the Speke-based ecommerce group and one of the U.K.'s largest retailers of furniture, has appointed Matt Grest as its chief information officer (CIO).
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The company behind the online furniture search platform ufurnish.com has hired David Marshall as its chief technology officer.
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Wayfair has seen a one hundred fold rise in sales in the U.K. and Germany in the past seven years and is now the ecommerce market leader across the home category here.
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The ecommerce group that runs a slew of retail brands including Furniture123 built profits and cash in the year to March 31, 2020 as it recorded another big double-digit jump in sales.
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Ecommerce retailer The Very Group grabbed a bigger slice of the home market as modest growth pre-pandemic exploded in the final quarter of its 2019–20 financial year.
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Revenue declined at Atlantic Shopping in 2019 but the Midlands dining retailer continued to return a double-digit net margin and was well set up for the surge in ecommerce this year.
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The Moot Group, the company behind the Olivia's and Houseology brands and which generates millions from licensing its technology platform, is to expand internationally ahead of an investment round.
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Demand for home and leisure goods is driving growth for home shopping brand Studio Retail, with sales across the combined categories almost doubling since April.
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Home and gift lines helped counter weak demand across other product categories for home shopping retailer N Brown in the past six months, the company said yesterday (Sep. 30).
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Privately-owned retailer trades through four distinct brands, all selling home goods and two of which also carry a comprehensive range of furniture products.
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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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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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Premium furniture, home and lifestyle retailer's assets were sold on a break-up basis to U.K. ecommerce rival.
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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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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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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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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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Home furnishings online search engine and comparison website Ufurnish.com has appointed Toni Wood as its chief marketing officer.
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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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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.
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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.
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Private equity company Advent International is to take a controlling stake in Hermes U.K., the parcel delivery company until now owned by ecommerce and retail giant Otto Group.
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After a record quarter, Wayfair's annual revenue run rate across the U.K. and Germany is $1.4 billion (£1.07bn), according to Martin Reiter, head of Europe for the ecommerce home furnishings giant.
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Houseology, the high-end furniture, lifestyle and interior design ecommerce brand, has relaunched after its assets were acquired by a former rival earlier this year.
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Home furnishings retailer Wayfair almost doubled sales in the second quarter with its CEO believing the step change among consumers to buy online will prove permanent.
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A VC that backed Farfetch, Peloton and Deliveroo has led a £3 million funding round for an ecommerce home decorating startup that launched on the first day of lockdown.
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Upholstery, cabinet and beds retailer Loaf has extended its warehouse contract with Wincanton. It will become the first beneficiary of the third-party logistics specialist's new dedicated ecommerce facility in the Midlands.
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National bed retailer Dreams has acquired the Feather & Black ecommerce operation including its brand name. Feather & Black's already-closed eight stores are not part of the deal and will not reopen.
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Studio Retail, owner of the Studio and Ace mailorder and Internet department store brands, has named Paul Kendrick as successor to CEO Phil Maudsley, who leaves next year.
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The reintroduction of the Home Essentials brand in April has enabled cross-selling opportunities, says ecommerce and mail-order retailer N Brown Group, with it hoping to attract customers from its other brands.
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Trading in the early weeks after lockdown has given ecommerce giant Very Group — one of the country's largest retailers of furniture — hope of arresting an earlier home category sales slide over its full financial year.
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Multiple share issues net growth funds for VC-backed direct-to-consumer Gloucestershire based bedding retailer and wholesaler.
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Revenue growth accelerated for online furniture and homewares retailer Cox & Cox after the Government mandated the closure of stores and instructed people to stay at home.
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Furniture retailer Made.com has agreed a new term loan and renewed an existing credit line as it looks to capitalise on growth opportunities and shield itself from risk.
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N Brown, the home shopping group, says the launch of a standalone furniture and homewares business has provided a sales fillip amid a challenging backdrop.
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French furniture and home accents retailer Maisons du Monde said online orders in April skyrocketed, but it didn't list the U.K. among its top performing markets.
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Wayfair was not alone in seeing demand almost double in April with one of its biggest pan-European rivals seeing a similar upswing in demand as more customers stayed home and shopped online.
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Large pan-European furniture retailer Beliani — whose operations include a dedicated U.K. storefront — has become one of the first major home ecommerce businesses to accept cryptocurrency payments.
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Studio, the major general merchandise retailer that is transitioning from paper to digital distance selling, has appointed a new trading director with more than 15 years' senior experience.
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Ecommerce giant Wayfair has near doubled sales since lockdowns were introduced across the markets it operates, as customers shifted spending to the Internet for home goods.
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Exit from Internet furniture, home and lifestyle retailer coincides with appointment in the aviation services sector.
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The Advertising Standards Authority (ASA) has upheld a complaint regarding advertising by ecommerce retailer Furniture123 in a ruling instructive for others in the industry.
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Maisons du Monde, one of Britain's largest Internet furniture and home décor retailers, says it has seen a spike in online orders but not at a level to prevent the closure of its international store network harming total sales.
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Having secured £8 million in debt and equity funding, retailer has "firepower to increase market penetration."
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Blue Sun Tree, the Loughborough based etailer of modern, contemporary and classic designer furniture, folded last month leaving creditors facing a shortfall.
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The U.K. arm of ecommerce giant eBay is enabling British retail SMEs in the furniture and homewares categories to list for free on its platform through spring as it aims to drive its own business and help support the economy.
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Scottish homewares retailer The Rug Stores has rebranded its business to reflect its broader product offering. It is now called Ornatus Interiors.
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Home and furniture etailer Amara Living has in the past month completed a high seven-figure refinancing exercise that sees it generate millions of pounds in equity and debt funding.
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Home furnishings giant Wayfair says its "ecommerce model is uniquely suited to serving customers’ very real needs at this challenging time," as it announced sales growth has rocketed in the past fortnight.
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Britain's competition watchdog is to escalate its investigation into the completed takeover of the company behind ecommerce retailer 247Blinds by the owner of Hillarys into a Phase 2 inquiry, heightening the possibility of enforcement action.
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The release of selected financial figures indicate a breakout year for privately-owned ecommerce retailer Furniture Box in 2018–19.
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New filings reveal size of Business Growth Fund stake.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Former Steinhoff U.K. CEO left board of cabinet furniture retailer The Cotswold Company late last year.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Underlying profits up but tax charge impacts net result for London based mail-order and ecommerce brand.
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European ecommerce home and living retailer Home24 had no problems generating higher sales in the third quarter, but money left the business with equal haste.
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Home furnishings ecommerce giant Wayfair recorded a wider loss in the third quarter citing greater-than-anticipated impact from tariffs, which in turn led to customers extending the 'think time' before buying.
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Shop Direct, owner of the Very and Littlewoods brands, said furniture and homeware sales returned to growth in the six months to end June after a series of initiatives yielded positive results.
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Wayfair, the ecommerce home retailer, has introduced a range of flexible credit options for its U.K. customers after extending its partnership with Klarna, the payments company.
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Ecommerce home furnishings giant Wayfair has launched a 700-piece curated collection that it is describing as the first flagship brand for its European business.
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Made.com's showroom at the Mailbox, Birmingham.
After posting its first-ever cash generative year in 2017, Made.com repeated the feat last year. But the fast-growing furniture retailer remained lossmaking.
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Nicola Thompson, who has spent the past five years at ecommerce fashion retailer Asos, has been appointed chief operating officer at furniture retailer Made.com.
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Sales almost doubled here in 2018.
Fast-growing U.K. sales have put French retailer Maisons du Monde on a path to become one of the country's largest retailers in the furniture and home décor category.
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Catalogue and Internet retailer Shop Direct has launched products from furniture company Swoon in dedicated sections of the websites of both its Very.co.uk and Littlewoods brands.
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Wayfair, the U.S. home furnishings etailer with expanding international operations, has appointed Anke Schäferkordt to its nine-strong board of directors.
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Atlantic is among the largest retailers of dining furniture in Britain.
Tough comps and more challenging market conditions saw the top and bottom line fall for high-profit online dining furniture retailer Atlantic Shopping last year.
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Westwing, the pan-European home and lifestyle retailer that specialises in short-term flash sales, said shifting its warehouse to Poland hit profitability in the first half of 2019.
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Home24 is one of the biggest online vendors of furniture in Europe.
Fast-growing ecommerce furniture and homewares retailer Home24 continued to gain top line traction in the first half of 2019 and said its year-end target of breaking even by one profit measure remains on track.
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NotOnTheHighStreet.com (Noths), the home and giftware company that indexes a substantial programme of furniture and bed products on its ecommerce marketplace, has a new chief executive.
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Profits topped half a million pounds for emerging living, dining and bedroom cabinet furniture retailer in 2018–19.
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Houseology, the Glasgow-based etailer of prestige furniture and accents, has hired former Dobbies Garden Centres executive Laura Jamieson as chief financial officer.
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Home furnishings retailer Wayfair has raised new capital through a private convertible note offering. It says it will use the funds for working capital, capex projects and possibly to fund acquisitions.
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Maisons du Monde wants to launch an online marketplace business as part of wider plans to double online sales.
Maisons du Monde, the French furniture and home décor retailer, is to open up its ecommerce store to third-party suppliers and retail partners through the launch of an online marketplace.
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Heavy investment in the British market means Wayfair is almost universally known among U.K. consumers, the company's senior-most official said following the release of its second quarter results last week.
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OnlineCarpets.co.uk is one of several websites run by the company.
The company behind the OnlineCarpets.co.uk ecommerce store has publicly-disclosed revenue for the first time in accounts that underscore the flooring category's potential on the Internet.
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Both Freemans and Grattan carry extensive home and furniture lines.
Combined sales at Yorkshire catalogue and ecommerce brands Freemans and Grattan inched forward in 2018–19 with directors saying competition is intense in the U.K. online retail market.
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Seven-figure funding round for LuxDeco.
High-end furniture and home décor ecommerce platform LuxDeco is raising cash from investors to fund plans to turn it into a £35 million revenue business by 2021.
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Thomas Netzer is to be promoted to chief operating officer for home furnishings retail giant Wayfair after the company announced James Savarese, the current incumbent, will retire this year.
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Houseology, the designer furniture and homewares retailer which hopes to rack up sales of £14 million this year, has appointed Shane Corstorphine as successor to Bill Dobbie as chairman.
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Findel, the home shopping group behind the Studio multi-product retail business, has issued a bullish trading update ahead of the planned name change that shareholders will vote on today.
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Ecommerce and catalogue retailer Shop Direct, owner of the Very and Littlewoods brands, has appointed senior Boots executive Guy Farmer as trading director.
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Photograph: Graham Atkins-Hughes for Wayfair.
Wayfair will meet U.K. shoppers face-to-face for the first time with a new store in London. But only briefly, with the pop-up lasting for a single day.
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U.K. ranks Number 1 out of over 50 markets.
Danish furniture conglomerate JYSK, which trades across more than 50 countries worldwide, says Britain is its number one market for online sales.
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Internet furniture retailer books six-figure profits for second year in a row as it reverses earlier deficits.
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The liquidation of a Yorkshire lighting and home accents business operating under a variety of retail brands leaves consumers facing a fight to recover funds.
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Findel, the listed home shopping retailer and educational equipment provider, plans to rebrand its corporate name as Studio Retail Group, reflecting the name of its core ecommerce business.
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Home24 trades across mainland Europe as well as operating a furniture ecommerce business in Brazil.
Home24, the Germany based Internet furniture retailer that operates across mainland Europe, pinned a bigger first quarter deficit on investment in property including a major new warehouse and clearance store.
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A home furnishings retail and wholesale business that sold goods through online deal websites has been placed into liquidation leaving creditors facing a seven-figure shortfall.
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The U.K. was one of the first two markets for the Made in Design business and has been selling here for more than a decade.
High-end designer furniture etailer Made in Design has been sold to French department store group Printemps, providing an exit for its private equity backer.
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Swoon posted high double-digit sales growth.
Furniture retailer Swoon said it continued to invest in marketing and technology in a year that saw sales climb sharply but the company book a larger deficit.
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Online and catalogue retailer Studio looks to have expanded its share of the value furniture and homewares market after issuing a bullish trading statement following the close of its financial year.
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N Brown runs websites including JD Williams, Simply Be, Jacamo and House of Bath.
Home and gift product sales fell in high single-digit percentages for the home shopping group behind the JD Williams brand in the year to March 2 after a sharper decline over the past six months.
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UK sales continue to rise for Wayfair. TV presenter Lorraine Kelly is a brand ambassador here.
Wayfair's top line focus continued in the first three months of 2019 with the company's chief financial officer citing an outsized growth rate in Britain and Germany.
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Sports Direct International's bid to buy Manchester home shopping group Findel looks doomed to fail unless the House of Fraser and Sofa.com owner improves the terms of its offer.
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The first UK Way Day is April 10.
Internet retail giant Wayfair will next week slash prices across 250,000 furniture and décor products as it debuts its Way Day promotional event among UK shoppers.
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Ecommerce group Buy It Direct has acquired the IP, stock and certain assets of BetterBathrooms, the circa £60 million turnover retailer that entered administration earlier this month.
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AHF has a new head of ecommerce.
AHF, the furniture retail chain that was last year bought by Airsprung owner Andrew Perloff, has appointed experienced online retail executive Alex Broughton as its new head of ecommerce.
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Lorraine Kelly stars in new adverts with her border terrier, Angus.
Ecommerce home furnishings retailer Wayfair has launched its new UK television advertising campaign featuring ITV host and brand ambassador Lorraine Kelly.
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Wayfair customers in parts of Scotland and Northern Ireland will no longer have to pay to have furniture delivered after the fast-expanding ecommerce retailer extended its free delivery service to all parts of the UK.
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Monoqi.co.uk is the retailer's dedicated UK ecommerce asset.
Investors have snapped up the assets of Monoqi, the European furniture etailer that operates a dedicated UK sales channel and which bought selected parts of MyDeco four years ago.
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Findel, the circa £500 million turnover home shopping business, could become the latest addition to Mike Ashley's retail empire after Sports Direct International said it was bidding for the Manchester based company.
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UK sales believed to be in the hundreds of millions of pounds for Wayfair.
UK sales for home furnishings retailer Wayfair are estimated to have shot past £200 million in 2018 as the ecommerce conglomerate's heavy marketing investment delivered top-line payback.
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Pan-European ecommerce furniture retailer Home24 said revenue gains outstripped the markets in which it operates in 2018 with it continuing to move closer to profit.
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Scottish based business posts seven-figure deficit in latest accounts.
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Amazon has launched two new home brands pitched at aspirational UK consumers
Amazon, the global retail giant, has taken two big steps into the UK furniture mid-market with the launch of dedicated brands selling a co-ordinated programme of upholstery and cabinet furniture.
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The changes affect employees at Shop Direct's Speke headquarters
The home shopping group behind the Very.co.uk and Littlewoods brands is realigning its retail team with proposals that will affect the makeup of its furniture buying and merchandising functions.
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