Retail News
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North West home department store retailer Housing Units achieved a double-digit net margin as sales jumped by well over a third to record levels in the year to March 27, 2022.
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Major independent furniture retailer Fishpools booked seven-figure profits and bolstered cash reserves in a year of record volumes for the Waltham Cross company.
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Furniture retailer Made.com Group (Made) saw its gross margin slide sharply in the first half as it slashed prices to shift excess inventory.
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Frasers Group, owner of Sofa.com and House of Fraser among myriad retail interests, has enlisted architects to draw up plans for a new global headquarters campus in Warwickshire.
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General merchandise retailer Next has fleshed out the details of its investment in ecommerce furniture retailer Swoon for the first time — four months after the bones of the deal were first disclosed.
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Home furnishings retailer IKEA is partnering Tesco, the supermarket chain, to expand its collect-and-collect service for customers.
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Expanding upholstery retailer Sofas & Stuff is to launch its third new store this year and its first in Surrey.
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A garden furniture and outdoor products retailer sold to the owner of the company behind bed seller Yark Beds was over-stocked at the wrong time of year because of shipping delays, administrators have said. Its problems prompted an insolvent sale earlier this month.
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Fresh equity investment has taken the total pumped into The Conran Shop, the U.K. and international designer furniture and lifestyle retailer, to beyond £10 million in a little over a year.
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Town planners last week gave the green light to previously-signposted proposals that will transform the landmark Heal's furniture store on Tottenham Court Road in central London.
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Northern Ireland department store and beds retailer S.D. Kells says it expects the trading conditions caused by the inflationary backdrop may adversely affect its results through 2022/23, but it is well positioned to cope after a strong year.
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Five-store specialist retailer operates carpet and bed shops across Dorset and Hampshire.
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Danish furniture and homewares retailer JYSK will this week open a new store as it expands its retail footprint in an existing U.K. stronghold for the company.
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The buildout of Feather & Black's physical retail footprint took another step last week with the upmarket beds and bedroom furniture brand adding its fourth new store in 2022 so far.
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Signposting the probable sale of the company heralded more sell-offs of Made.com's shares on Friday as it closed the week at a new all-time low.
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Upholstery and beds vertical HSL repaid a £4 million bank loan two years ahead of time as it generated cash and traded strongly through the rump of the pandemic.
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Furniture and lighting retailer Made.com Group (Made) has withdrawn its full year guidance and formally launched a strategic review that could lead to a sale of the business or its assets.
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The addition of a large West Midlands warehouse late last year represents the early phase of a major financial commitment to the U.K. over the next decade for multi-brand furniture wholesale and retail group Ziel.
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Upholstery and flooring retailer ScS has named John Walden as the successor to non-executive chair Alan Smith, who will retire in just over a year from now.
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U.K. consumer confidence fell to an all-time low this month though the measure monitoring big-ticket spend intention remained unchanged.
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Retained profits at a Scottish fitted furniture vertical were wiped out last year as the company battled an outsized impact from Covid restrictions that impacted its business model.
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West Elm, the U.S. mid-century modern furniture retailer with a circa £30 million U.K. presence, has begun a search for a new president after current incumbent Alex Bellos announced his departure.
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The National Bed Federation (NBF) named the winners of its 2022 Bed Industry Awards on Tuesday night with both Dreams and Glasswells two-time winners among 11 awards handed out in all.
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The owner of the company behind the Yark Beds online beds business has acquired an outdoor products and garden furniture ecommerce website following an insolvent buyout.
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Soft furnishings retail chain Julian Charles Home followed through on its vow to return to profit through 2021/22 as it continued to bounce back under its new owner.
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A complaint to the U.K. advertising watchdog by German mattress company Emma has resulted in a rebuke for rival Simba Sleep regarding a price promotion it ran on its website.
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Direct-to-consumer mattress and sleep ancillary products brand Eve Sleep says it will take the appropriate steps to preserve value for creditors if further funding or a firm offer to buy the business is not received soon.
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French furniture and home accents retailer Maisons du Monde has collected the first dividends from its U.K. ecommerce operation since it launched here six years ago.
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Furniture, fashion and lifestyle retailer Oliver Bonas deleveraged last year after it generated almost £12 million of operating cashflow during a record trading period.
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The largest shareholder in publicly-listed U.S. mattress and bedding company Purple Innovation wants to buy the business outright in a deal that would value it at $362 million (£317m).
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Business that formerly ran wall art and picture frames ecommerce enterprise lines up Quantuma officials as potential restructuring advisors.
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London based upholstery retailer The Sofa & Chair Co has seen its liabilities slashed after HM Revenue & Customs backed a company voluntary arrangement (CVA) that sees millions of pounds of debt compromised.
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Home merchandise sales declined for department store chain John Lewis & Partners in the six months to end July as pandemic demand trends began to unwind.
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Furniture and lighting retail sales declined by more than £37 million year-on-year in August as price inflation failed to keep the value of sales positive in the category.
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Furniture, lighting and home accents retailer Made.com Group (Made) plumbed new depths on Thursday as the market capitalisation of the business fell to below £25 million for the first time.
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A share buyback concentrated the ownership structure of the North Wales manufacturing and retail group behind the Adjustamatic beds and upholstery brand last year.
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Gross margin narrowed across the DFS group through 2021/22 with rising costs and supply chain disruption countering a sharp rise in deliveries as the upholstery market leader unwound its large order bank.
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The addition of seven new stores helped upholstery retailer Sofology find revenue growth in the year to end June though the expansion of its retail footprint will slow in the new financial year.
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Almost £1 in every £50 spent on furniture in the U.K. goes into the coffers of Dunelm Group, the expansionist homewares retailer claimed on Wednesday as it revealed new plans to grow in the category.
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High-profile furniture industry executive Suzy McMahon is leaving Sofology to take up a newly-created role at Oak Furnitureland, the U.K.'s largest hardwood furniture retailer.
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