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31 House of Fraser stores will close under CVA plan
House of Fraser will close 31 stores including a number that house furniture concessions after its planned CVA gained enough creditor support.
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Beaulieu International Group, the Belgian based flooring and textiles conglomerate, says a decision to cut its truck transport dependency has yielded huge environmental benefits.
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2017–18 was the first full year of operation for the larger, rebranded store
Expanding and remodelling its Barkers Home store delivered instant payback for the privately-owned Northallerton retailer in 2017–18.
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A currency-driven improvement in gross margin helped pare back the effect of lower sales at four-store furniture retailer Fairway in 2017–18.
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The Bradford distributor behind the Homemaker Rug Collection says it will this year build on the launch of its third-party logistics and online fulfilment service.
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Buying group Minerva Furnishers Guild has changed its name to Minerva Furniture Guild, believing the former moniker to be old-fashioned.
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Hatfields will modernise the look of its c.50,000sqft. store
Major South East furniture retailer Hatfields is progressing its long-in-the-planning external frontage works to modernise its Colchester store.
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Home market leader IKEA will discover if its South Coast store near Brighton will get the go-ahead at a keenly-anticipated planning meeting next month.
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- RETAIL & DISTRIBUTION |
Sales of home-related merchandise fell for a third straight week at John Lewis but the chain saw bumper demand for fashion lines.
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Debenhams said trading failed to meet its expectations in spring and early summer despite weak comparatives. However, its CEO says the business is well-equipped to deal with market turbulence.
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TJ Hughes, the inexpensive North West department store retailer that majors in home categories, has returned to its former distribution centre, consolidating its warehousing in the process.
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Steinhoff International Holdings has agreed to sell its loss-making Kika/Leiner furniture chain, saving 5,000 jobs and improving the prospects for the group's other businesses worldwide.
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An artist's impression of Habitat's new Brighton city centre store, slated for October opening
Furniture and accents retailer Habitat will open its first new standalone stores in more than a decade as part of a £1.5 million investment by parent company Sainsbury's.
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The RH gallery in Toronto, Canada. It is planning its first European gallery in London
RH, the upmarket furniture retailer formerly known as Restoration Hardware, says it has pinpointed the location for its first store outside North America, planned for London.
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Furniture sales go well but N Brown considers jettisoning its 20 physical stores.
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Revenue advanced for a seventh straight year at Northern Ireland based multi-fascia department store retailer SD Kells in the year to January 19, 2018.
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- RETAIL & DISTRIBUTION |
Britain's advertising watchdog has rebuked Oak Furniture Land for a TV advert, saying the representative APR was not given enough prominence.
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- RETAIL & DISTRIBUTION |
Home sales fell despite demand for big-ticket lines rising
Big-ticket lines gained on last year for John Lewis despite more peripheral sub-categories dragging down its overall home directorate.
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- RETAIL & DISTRIBUTION |
IKEA's property arm invested heavily again last year
Further acquisitions of British land and buildings have taken IKEA's total property investment here above £300 million over the past three years alone.
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- SUPPLY & WHOLESALE |
Sweet Dreams, the Lancashire beds and sofa maker celebrating its 30th anniversary this year, has named Andrew Howe as sales agent.
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- RETAIL & DISTRIBUTION |
Fourth generation furniture retailer Arighi Bianchi will supply an entire residential development after a striking a deal with a local developer.
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- RETAIL & DISTRIBUTION |
ScS operates 27 concessions inside House of Fraser stores
House of Fraser's planned CVA will likely lead to the closure of a number of concessions run by both ScS and Natuzzi if it gets the go-ahead from creditors later this month.
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Buying director Richard Ball, left, and md Paul Glasswell
Buying director Richard Ball is retiring after a 50-year career with Glasswells that saw him work at eight different stores and in 14 separate roles.
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- RETAIL & DISTRIBUTION |
Variety retailer B&M Homestore has sold half its stake in an Irish bedding and curtains retail chain and has agreed a contract to sell the remainder at a later date.
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- RETAIL & DISTRIBUTION |
Steinhoff International Holdings said the majority of creditors back a standstill agreement giving the group breathing space as it looks to restructure.
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- SUPPLY & WHOLESALE |
The group behind homeware importer and distributor Sabichi posted lower profits in 2016–17 as sales fell and margins narrowed.
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- SUPPLY & WHOLESALE |
Slips to five-figure deficit in 2016–17 but increases spending on assets.
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- RETAIL & DISTRIBUTION |
Elys of Wimbledon is Morleys' largest store
Privately-owned stores group Morleys posted rising sales in 2017–18 lifted by Elys of Wimbledon, the largest store in its retail estate.
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Studio, the flagship retail brand of online and mail-order group Findel, says home merchandise was its fastest growing category in the year to end March.
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- RETAIL & DISTRIBUTION |
It is more than eight months since John Lewis last posted two consecutive weeks of home sales growth
Sales of home goods declined at John Lewis last week as the retailer failed to sustain its return to growth.
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Privately-owned Welsh furniture chain Happy Home Furnishers is to relocate its Swansea store to the city's Phoenix Retail Park.
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John Lewis has bought Opun, a home improvement business that helps consumers manage projects such as kitchen and bathroom remodels and loft extensions.
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Variety retailer Boyes is planning new stores in the North East and Peak District as it builds out its store portfolio.
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Lombok's Tottenham Court Road showroom in Central London
Lombok has relaunched its London showroom with a re-engineered and expanded product roster and a B2B offer it believes can help it double sales within a year.
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Electricals retailer hit the buffers in February.
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Wren added new stores in 2017
Sales jumped by a fifth and profits by half as Wren Kitchens continued to roll out new stores across the UK in 2017.
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Danish furniture retailer JYSK is to enter the Irish market for the first time, targeting the opening of its first stores in the country in under a year from now.
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Last orders will be taken June 27, 2018
The Qatari owner of BHS.com, the ecommerce business that emerged from the embers of the one-time high street giant, has announced its impending closure.
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Home24, the pan-European furniture etailer, says it will raise €150 million from its forthcoming initial public offering (IPO).
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Value of two-store retailer on the up.
