Steinhoff International Holdings has appointed former KPMG global head of restructuring Richard Heis to the newly-created chief restructuring officer role.

St. Helier furniture retailer closes as business transfers to retail park stores

Exeter will be IKEA's 25th UK store, including its click-and-collect pilots
IKEA will open its new Exeter store on Tuesday May 1 the retailer has confirmed, with an official launch event in the week before the May Bank Holiday.

The Cotswold Company's Norwich store; It has just opened a third unit, at Chelmsford
The first consolidated accounts of The Cotswold Company since the cabinet furniture retailer's sale to private equity give up some of the deal detail for the first time.

Like-for-like furniture sales also declined, but at a lesser rate
Store closures and tough trading conditions hit Laura Ashley furniture sales in the six months to end December, with underlying performance also down compared with the previous year.

The chairman of Minerva says the addition of Leekes will boost the buying group's purchasing power and reputation. It has signed up nine new members in all, operating 13 stores.

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Despite home sales falling, total revenue advanced to £74.2 million for the week at John Lewis
Upholstery and bedroom furniture were standout categories as overall home sales declined for a seventh week in eight at John Lewis.

BrightHouse bondholders agreed debt-for-equity swap as part of refinancing process
Rent-to-own furniture and electricals retailer BrightHouse has new owners after a refinancing exercise handed control to bondholders.

Alibaba Group Holding is to invest 5.45 billion yuan (£623m) for a minority stake in China's second largest chain of furniture and home improvement shops.

Bedroom furniture vertical Starplan built out its business in 2016–17, taking on higher debt as it expanded its asset base.

Designer Contracts, which claims to be the UK's largest floorcoverings contractor, is building out its depot network and has also announced two senior promotions.

DFS gross sales advanced 4.0%, but fell 3.5% excluding Sofology
DFS, the UK's largest upholstery retailer, said half-year sales declined excluding the Sofology chain it acquired at the end of November.

The focus group and tour at Dreams' Oldbury factory
Bed specialist Dreams has agreed a strategic partnership with Mumsnet, the UK's biggest website for parents, to create a line of mattresses specially designed by and for parents.

John Lewis' return to year-on-year sales growth for home goods was short-lived, as it followed last week's rise with its weakest annual comparison since November.

The new home of Seconique, one of the UK's largest furniture importers
Seconique, one of the largest furniture importers in the UK, will this spring move to new West Midlands headquarters after last year completing a multi-million pound property deal.

Walker Greenbank, the high-end interior furnishings supplier, said it expects to post an 18 percent rise in group sales to £108.9 million in 2017–18, driven by acquisitions, licensing and exports.

Thierry Guibert has resigned from Steinhoff International Holdings' supervisory board with immediate effect because he is too busy with his other executive commitments.

Privately-owned Widnes home furnishings retailer Sextons, Sons & Co completed its planned permanent closure at the end of January, bringing more than 84 years of trade to an end.

Sales have climbed double-digit for three straight years at Rectella, Julian Charles brand-owner
Manchester based bedding and window dressings business Rectella recorded higher profits as sales jumped 29 percent in the year to end April 2017.

The family behind furniture maker Habufa have regained full control of the company after buying back Steinhoff International Holdings' stake in the business.

Heritage independent furniture retailer Martins of Letchworth is to close this spring, bringing 82 years of trade in the town to an end.

Oak Furniture Solutions entered administration Tuesday, January 30
Oak Furniture Solutions, the Bristol based cabinet specialist that traded online and from two stores, has been placed into administration after efforts for a solvent sale failed.

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Exclusive UK's premises in Banbury, Oxfordshire. Image: Brown & Co
Oxfordshire dining and occasional furniture distributor Exclusive (UK) is said to have ceased trading of its own volition, citing economic uncertainty.

Lars Larsen, owner of the Lars Larsen Group
Lars Larsen Group, owner of furniture chains JYSK and ILVA, says it had its best ever year in 2016–17, with pretax profits up 20 percent to 3.4 billion Danish kroner (£377m).

General retailer Marks & Spencer has announced a further eight proposed stores closures, on top of six that will shut by the end of April.

Fenwick, the independent department store retailer, has appointed Jayne Demuro to the newly created role of buying and merchandising director.

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Markus Jooste, the former chief executive of Steinhoff International Holdings
Steinhoff International Holdings has reported its former chief executive officer Markus Jooste to police, the company said today in a briefing to the South African Parliament.

More details emerge following the late 2017 administrations of F&B and sister chain Multiyork
Charles Wade, the former owner of Feather & Black and Multiyork, says he did his "damnedest and best as an honourable businessman," but in the end had to concede defeat.

Swedish beds conglomerate Hilding Anders paid £6.5 million to acquire the Feather & Black business, administrator Duff & Phelps has disclosed in its first report to creditors.

Bedroom retailer Feather & Black slipped back into negative territory in 2016–17 ahead of it being placed into administration and eventually sold to Hilding Anders.

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How the redeveloped King's Road site will look. Image: Cadogan Estates
Habitat's landmark King's Road store — which it has occupied since 1973 — is to close as the landowner prepares to redevelop the site and surrounding buildings.

Underlying losses halved for Habitat as the business transitioned to a new era under Sainsbury's and closed 84 Homebase concessions.

Follows £11 million case goods specialist outlining notice of intent to appoint an administrator

BHS creditors that held no collateral against debts owed by the collapsed retail chain have shared £36 million, equivalent to 3.6 pence for every pound owed.

UK sales flat for fabrics, though its high-end sofa business does better than expected.

Home lags other retail sectors in the click and collect market but it is still a multi-million pound sales channel and growing, according to new research.

Mr Kamprad will be remembered as the man who pioneered flatpack furniture
IKEA founder Ingvar Kamprad, who arguably did more to change the furniture industry in the past half-century than any other individual, has died. He was 91.

Steinhoff's UK arm has raised £260 million in funding to date, £80 million more than had previously been reported.

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Approved suppliers interact with retailers at Cranmore Park, where AIS also hosts dedicated furniture trade events
Furniture sales declined in the six months after the E.U. Referendum but have since stabilised, according to new figures shared with The Furnishing Report by Associated Independent Stores.

The retailer's Nelson Business Park store at Long Lane, Aintree
Cabinet retailer Oak Furniture Solutions is facing an uncertain future after writing to customers outlining its intention to appoint an administrator.

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