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Sofa.com's Edinburgh store.
The price paid and reason behind Sports Direct International's takeover of upholstery vertical Sofa.com has been disclosed for the first time. Neither will surprise many in the furniture trade.

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Hot weather kept home shoppers away last week.
Home sales fell in high single-digits at John Lewis & Partners last week as the heatwave across the country impacted the department store mutual.

Ryan Ross, former director at Harrods Direct in London, has been named president of the Williams Sonoma brand, succeeding longtime incumbent Janet Hayes.

Furniture retailer AHF strengthened its board with the appointment of two senior executives from sister company Airsprung earlier this spring.

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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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Boardroom change at Steinhoff.
Angela Krüger-Steinhoff and Steve Booysen have notified Steinhoff International Holdings they will both resign from the supervisory board.

The French owner of the Habitat furniture and interiors store chain outside the U.K. halved its trading deficit for the brand in the first half of 2018–19 as it cut loose its loss-making German stores.

Blaine Callard has left his post as CEO of the Irish arm of furniture and electricals retailer Harvey Norman after agreeing to run 50-store Australian chain Freedom Furniture.

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New multi-million U.K. funding for JYSK.
JYSK, the inexpensive Danish furniture and homewares retailer, pumped fresh equity into its U.K. business ahead of a store buildout programme this year.

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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Mike and Caroline Murray, directors at Land of Beds
Third generation Land of Beds, one of the country's largest privately-owned specialist retailers, won Silver in the retail section of the National Family Business Awards.

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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Buyers are interested in the circa 800-store chain.
Pan-European retailer Beter Bed Holding says it has received "serious interest" from several parties for its Matratzen Concord chain with a full or partial exit likely before the year is out.

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.

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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The company's stores across northern England are to close. Image: Google.
A three-store furniture retailer and its sister import and wholesale business that at one time generated approaching £10 million a year in sales, are to close within days.

U.K. half-year profits declined for Magnet owner Nobia despite it picking up more trade business to counter the impact of weak retail sales.

Higher costs and impairment charges meant flooring and beds retailer United Carpets Group booked lower profits in 2018–19, despite recording higher revenue.

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John Lewis' Cambridge store.
Summer clearance ended at John Lewis & Partners last week with the employee-owned retail chain growing total sales by 1.3 percent to £81.4 million for the seven-day period.

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Ely's of Wimbledon is one of the flagship stores in the Morleys portfolio.
Profits jumped three-fold for independent department store group Morleys in 2018–19 after the retailer made big gains from property sales.

Harveys continued to rationalise its store portfolio in the six months to end March and has now shut 24 shops within the past two years.

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First half sales advanced 305% year-on-year, Emma said.
Direct-to-consumer mattress brand Emma says a three-fold rise in first half sales has put the bed-in-a-box business on target to hit full year U.K. sales of £45 million in 2019.

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June sales improved against weak comparatives with last summer.
June saw furniture retailers recover some of the revenue lost last year when Britain was going through one of the hottest summers on record.

A new-look space within Harrods and the development of its sales within other multi-brand stores outside the capital can lift revenue for Ligne Roset, the French furniture brand said in just-filed accounts.

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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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Eve said it narrowed half-year losses, but sales also fell.
Mattress brand Eve Sleep has agreed retail partnerships with three of the biggest names in the sector as it adds to existing tie-ups and replaces exposure lost following the end of trading relations with Dreams.

Consumer price inflation for furniture eased fractionally in June as retailers passed on a softer increase to their customers.

Stressless has become the latest big-name furniture brand to open its own U.K. retail showroom, taking a heavily-trafficked unit on one of London's prime furniture shopping streets.

Swan Retail, which majors in providing retail software to the furniture, garden and department store sectors, has acquired rival business Touchretail.

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Footfall was scarce in June.
Out-of-town retail parks, home to many of the U.K.'s largest furniture and floorcoverings retailers, saw fractionally more people last month against a wider backdrop of decline for physical store operators.

The release of full-year results from Sports Direct International, which had been due to be published this Thursday (July 18), has been delayed.

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Bensons maintained sales, but orders were down at Harveys.
Bensons for Beds continued to outgun its sister retailer Harveys as the U.K. household goods division of Steinhoff International Holdings narrowed losses in the six months to end March.

IKEA Industry, a manufacturing unit of the furniture retail conglomerate based out of the U.S. state of Virginia, is closing its factory there at the end of the year.

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The new Idol collection.
National furniture retailer Harveys has added a second collection in collaboration with celebrity Louise Redknapp, building on the launch of its Bold by Louise programme last September.

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M&S needs to move on at pace to address longstanding issues, CEO Steve Rowe said.
Jill McDonald, md of Clothing and Home at Marks and Spencer Group (M&S), is to leave the business, the retailer announced today.

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All DFS brands delivered like-for-like growth, the retailer said.
Sofa market leader DFS said underlying gross sales have climbed by 7 percent in the year to end June, but cautioned that its progress moving forward is partly dependent on factors outside its control.

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Fishpools' Waltham Cross store.
Independent retailer Fishpools built profits and cash and near-maintained sales in what it described as a 'rock solid' performance against a backdrop of trading headwinds for the retail sector.

Follows transfer of stocks hitherto controlled by high-profile investment manager Neil Woodford.

Homeware retailer Dunelm Group said sales advanced in double-digits in the 13-week period to June 29 as it made the most of a weak comparative period and favourable weather.



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