The year-on-year number of U.K. home furnishings companies that appointed insolvency practitioners was flat in the third quarter of 2021, though the figure crept higher on a sequential basis.

Furniture and fabrics retail and wholesale company Andrew Martin International found double-digit revenue growth in the year to January 31 as it traded strongly outside of lockdown periods. Cash and profits also climbed.

The local council is to buy the former Palmers department store building in Great Yarmouth, which was latterly operated by Beales after the 180-year family business was sold in 2018.

Ireland, already home to Wayfair operations and infrastructure serving the U.K. market, will be one of two new international territories the home ecommerce giant plans to launch into next year. It also plans to enter the next phase of its physical store strategy.

Leekes, the privately-owned home department store retailer, is to open in the Welsh capital having taken a retail warehouse unit on one of the main arterial roads into Cardiff city centre.

Direct-to-consumer company Eve Sleep has launched new non-mattress products as it continues endeavours to position itself as a sleep wellness brand rather than a pureplay bed trader.

The Carpet Foundation, the industry-funded body that aims to lift the profile and boost sales of carpet, is to return to consumer advertising next year.

The multi-fascia Stokers group of furniture stores booked its highest ever sales and profits in 2020/21, as its ten-store network started to show its full potential after two high-profile store builds in recent years.

South East furniture and home department store retailer Collingwood Batchellor recorded a loss on the impact of lockdowns and a non-cash impairment in the value of its freehold property.

London department store retailer Harrods earlier this year refinanced a term loan and an undrawn revolving credit facility due to expire next spring, extending the repayment date by a further 18 months.

The Pine House Co, a cabinet furniture retailer based to the east of Bury St Edmunds, is to close permanently following the decision of its owners to retire after 20 years running the store.

The owner of the IKEA brand, responsible for product sourcing and selling goods to the worldwide IKEA franchisee network, booked lower profits in 2020/21 as higher costs negated rising revenue.

Privately-owned retailer Barker and Stonehouse is to build a new and sustainable large furniture store in Gateshead after it was granted planning approval on Wednesday morning.

J Sainsbury, the supermarket and general merchandise group, says it will reduce costs by between £250m–£300 million with planned changes for its Argos and Habitat brands.

Upholstery retailer Sofas & Stuff will open its fourth new store this year and 19th overall when it opens in a former Laura Ashley unit before 2021 is out.

Sales gains are beginning to moderate according to fashion-to-furniture retailer Next which cited a continuing easing in the effects of pent-up demand and stock availability challenges. It also issued a warning on goods such as furniture.

Trendsetter Home Furnishings, the business behind The Fine Bedding Company brand, said it made a welcome return to profit after it outperformed its budget by focusing on creating a more sustainable business.

Mike Logue will step down as chief executive of Dreams at the end of the year, handing over the business to successor Jonathan Hirst in a very different state to the one that he inherited.

Howden Joinery Group, the U.K.'s largest kitchen supplier, said it expects 2021 profits to be about £360 million after it continued to outperform on market tailwinds and a well managed supply chain.

The Swedish conglomerate behind U.K. kitchen chain Magnet saw third quarter revenue fall here on labour market issues and slow recovery in certain sectors.

Ecommerce retailer Domu Brands closed a transaction to become an employee-owned entity earlier this year, with most of the share capital now in the hands of co-workers.

John Lewis Partnership, parent to department store retailer John Lewis and supermarket chain Waitrose, has agreed a new, lower revolving credit facility (RCF) linked to environmental targets, meaning it will pay less interest the more green its business becomes.

U.K. bed specialist Dreams has outperformed internal expectations in the past quarter according to Tempur Sealy International, the world's biggest bedding company and the new owner of the business.

The high-end furniture retailer behind the largest network of BoConcept stores in the U.K. said it performed strongly amid challenging conditions last year. But it slipped to a first-ever deficit as it expensed investment in new ways of interacting with customers and Covid measures.

Harrison Spinks products are now available through ecommerce retailer Mattress Online, with the bed maker citing the two companies' aligned approach to innovation and sustainability.

High-end French furniture brand Roche Bobois said U.K. business activity remained brisk in the third quarter, delivering double-digit sales growth compared to the equivalent period last year.

An investment group with close ties to the fashion retail sector has bought into furniture retailer Loaf, acquiring a significant stake that values the business well north of £70 million.

Upholstered furniture retailer Sofa Club, which sells online and through lounges in major English shopping centres, will launch its first physical presence in the Midlands next week.

High value project-led business such as fitted kitchens and home offices led the way for home improvement chain Wickes in its third quarter, outperforming its core DIY and trade categories.

Value furniture and homeware retailer JYSK is to host the Sleep Matters roadshow across nine of its U.K. stores next month after striking a partnership with The Sleep Charity.

Small and medium sized furniture and floorcoverings retailers across the U.K. will pay lower business rates through the spring of 2023 after measures announced by the Chancellor during the Budget speech on Wednesday.

Home and leisure retailer The Range will close in on 200 stores with three new openings this Friday while new figures show sales jumped by 35 percent, or £352 million, as it stayed open throughout the pandemic.

IKEA, the U.K.'s largest home goods retailer, has confirmed it is to buy the former Topshop store on Oxford Street in central London, though it will be some time before it opens.

The owner of the Studio and Ace mail-order and Internet brands, both substantial retailers of furniture, said it took decisive steps earlier this year to secure enough stock in time for the festive season.

Cult Furniture, the circa £14 million turnover ecommerce furniture retailer, has appointed delivery specialist Panther Logistics as its sole two-person delivery partner.

David Tracey, who over a 40-year senior and director level career has worked with some of the biggest retailers in the furniture sector, has raised £11,000 for charity by trekking one of the U.K.’s longest hiking trails, the 192-mile Coast to Coast walk.

Total sales including those of concessions fell starkly amid the worst of the pandemic for independent retail group Morleys, which runs multiple London and South East stores including Elys of Wimbledon.

Shifting consumer spending patterns towards home goods helped retail chain Homesense partly negate the mandated closure of its 76-store estate through almost half of the 2020/21 trading period.

Timothy Oulton group products will be available from three stores abreast on London's principal furniture shopping street by the end of the year as the upmarket brand expands its presence in the capital.

The value of furniture and lighting sales declined on both a one and two year basis last month according to figures out Friday morning from the Office for National Statistics.



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