Upholstery News
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Upholstery conglomerate La-Z-Boy is among a number of investors joining a $15 million Series B funding round for U.S. furniture ecommerce company Floyd.
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Nicoletti Home, the Italian sofa manufacturer, will host a U.K. appointment-only event for its British and Irish furniture customers in Nottingham next month.
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44 people a day lose their lives to bowel cancer in the U.K. and sofa retailer ScS, in partnership with its local football team and broadcaster ITV, organised a stunt to raise awareness of the symptoms.
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New DFS filings disclose the market-leading upholstery group's cash position through the rump of the just-ended lockdown as well as early pandemic figures for two of its furniture retail subsidiaries.
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Profits climbed on higher sales and wider margins last year for sofa manufacturer Ashwood Designs against a backdrop of increasingly difficult market conditions with the impact of the pandemic and Brexit.
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Nicoletti Home says worldwide revenue is up 20 percent so far this year with the Italian sofa maker calling for raw material suppliers to better support manufacturers so the industry can continue to meet demand.
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Sofa Club, the upholstery company that operates open-plan retail lounges in shopping centres, has opened a sixth U.K. location and a fourth in southeast England.
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Upholstery imports into the U.K. jumped by almost a quarter in February despite almost every major source nation for British buyers seeing a year-on-year decline.
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The U.K. is among nine European markets where IKEA will launch sofa covers made out of recycled denim for one of its iconic upholstery designs.
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West Midlands sofa maker back in the black in 2019–20 after adjustments to raw material sourcing yielded margin improvements for the company.
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Italian sofa giant Natuzzi is in talks with a large Vietnamese furniture maker that could see it expand its operations in the Asia Pacific region. It follows a similar arrangement made with the owner of the Kuka brand in 2018.
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Tony Ashwell, who died last month aged 73, was a legendary furniture industry figure who played a key role in building DFS into the largest and most successful sofa retailer in the country.
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Upholstery revenue from customers in Europe climbed double-dight last year for the business that once ran U.K. sofa chain Easy Living Furniture.
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Upstream cost pressures continue to create supply chain difficulties according to the managing director of Wade Spring, whose customers include many of the U.K.'s most important sofa manufacturers.
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Sofa-in-a-box brand Snug has agreed a three-and-a-half year supply chain contract with Wincanton, the logistics giant that already partners a slew of U.K. home furnishings retailers.
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One in every seven pounds owed to consumers creditors of former upholstery retailer Fabb Sofas has gone unclaimed despite the cash being fully-protected and available for refund.
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Both of upholstery retailer Sofas & Stuff's latest stores will open April 12 when lockdown restrictions are eased, including one in a prominent former beds showroom.
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- EVENTS
The BFM Fabric Show, which had been due to take place at Twickenham in June, has been postponed and will now take place in February/March of next year.
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Former DFS head of buying takes newly-created role at the upholstery and flooring chain, which has also hired a new people director from the travel sector.
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A busy final quarter helped Stressless owner Ekornes achieve full year sales growth in the U.K. and Ireland last year, reversing earlier declines from the upholstery brand.
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A new agreement with U.S. wholesale conglomerate Costco can pave the way for similar partnerships in other world markets, according to recliner maker IMG.
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Video sales interactivity between stores and consumers has snowballed during the past year and will be one of one of the innovations to outlive the pandemic, according to the head of the U.K.'s largest upholstery retailer.
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- RETAIL & DISTRIBUTION
DFS and ScS together with department store chain John Lewis all released financial statements in the past week and offered a reminder that accounts are not just a statutory document, but an exercise in public relations.
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Clockwork Components, a key supplier of components and accessories to U.K. upholstery and bedding manufacturers, has acquired Motionmex, a longtime distributor of Leggett & Platt recliner mechanisms.
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ScS enjoyed a record first half as it delivered orders taken last year but the sofa and carpets retailer has seen a sharp fall in written business through lockdown despite customers pivoting online.
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Upholstery shipments fell back in January on weaker figures from both China and Poland, the two largest sources of foreign-made sofas sold in the U.K.
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Furniture retailer Loaf, the poster child for an adroitly-executed clicks-to-bricks strategy, has reorganised its corporate structure in readiness for the next chapter in its development.
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Furniture maker Sherborne Upholstery remained profitable and generated cash last year despite sales falling sharply on the back of Covid-induced factory and customer shutdowns.
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DFS, already the largest upholstery producer in the country, is mulling further investment in U.K. sofa manufacturing as the pandemic and Brexit have highlighted global supply chain complexities.
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The giants of British upholstery retail are pushing deeper into the growing sofa-in-a-box market segment to compete with emerging challenger brands and entry-level incumbents such as IKEA.
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The just-launched Cloud Sundae is the third upholstery programme from sofa-in-a-box brand Snug and stretches the company's price architecture into a more premium segment underpinned by new patent-pending technology.
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Revenue was flat for the second straight year at Manchester based converter of curtain and upholstery fabrics Fryett's, according to new figures for the period leading up to the pandemic.
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Lockdowns meant revenue fell in high single-digits for the group behind the Alstons, Ashley Manor and Alexander & James brands last year but high demand outside those periods prompted it to expand its production capability.
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- SUPPLY & WHOLESALE
The CEO of Recticel has pinned rising prices for foam at the door of the chemicals sector, citing numerous force majeure events for creating supply shortages of polyols and isocyanates.
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- RETAIL & DISTRIBUTION
Profits more than doubled for the group behind the motion upholstery and beds brands Ashley Anderson and Willowbrook as revenue continued to rise in the lead up to the pandemic and in the period since.
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- RETAIL & DISTRIBUTION
Peter Jenkins, who succeeded Dwell founder Aamir Ahmad as CEO two years ago, is to leave the DFS-owned urban furniture brand.
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- TRADE & INDUSTRY
A combination of high demand and routine maintenance could reignite foam supply issues according to Europur, the European Association of Flexible Polyurethane Foam Block Manufacturers.
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- BEDS & MATTRESSES
A 650 basis point improvement in gross margin helped counter the impact of lower revenue at comfort foam supplier Carpenter in the period leading up to the pandemic.
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The liquidator and lawyers chasing the former owner of Collins & Hayes for a portion of the seven-figure sum his company received for selling its intellectual property have scored a victory in the battle to recoup funds for creditors.
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A glut of containers arriving at U.K. ports from China in December meant sofa imports passed all previous record-highs for the second straight month as the industry rushed to get Christmas orders delivered.
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- ECOMMERCE
Online home, garden and living retailer Cox & Cox continued to build out sales in 2019–20 with it citing rapid growth in the furniture category as a key driver.
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- SUPPLY & WHOLESALE
U.K. furniture manufacturers' output was down by more than a fifth in 2020 after falling in 11 of the 12 months of the year as the industry grappled with the virus and restrictions on trade.
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BFM Fabric Show London is to take place at Twickenham Stadium from June 8–9, 2021, subject to small indoor trade events being permitted at the time.
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- TRADE & INDUSTRY
The Furniture Makers' Company, the trade charity and livery company, has enlisted captains of industry to be panellists on the first of its four webinars launching this month.
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General merchandise retailer Next put more upholstery volume through its own Yorkshire sofa factory in the run up to the pandemic while expanding headcount by 35 percent.
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Lectra, a major supplier of machinery, software and consultancy to U.K. and global sofa manufacturers, has agreed to acquire rival Gerber Technologies in a deal worth €300 million.
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Timothy Oulton is taking its recently-acquired Sofa Workshop brand into international markets for the first time. Here in the U.K., it also plans to add a second London showroom for its Noble Souls brand.
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Harvey Roberts has been appointed managing director at upholstery manufacturer and distributor Hydeline Furniture.
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Routine factory maintenance in the upstream foam supply chain could lead to further disruption for furniture manufacturers and their retail customers later this year, BFM has warned.
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The Chinese furniture manufacturing conglomerate that bought HTL in 2016 says it will sustain a financial hit after writing down the value of its investment in the leather sofa maker.
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The number of upholstery, beds and cabinet related trademark applications filed by Next in recent weeks is more than double the combined total lodged by the retail giant across those categories over the past five years.
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Upholstery conglomerate Man Wah Holdings successfully raised HK$2.36 billion (£222m) from investors following the planned share placing it had earlier signposted mid-January.
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The co-founders of soft seating category leader Bazaar Group have sold a majority stake in the business to Comhar Capital to help fund expansion in the U.K. and mainland Europe.
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The company that last summer bought the business and assets of one of the U.K.'s first vertically-integrated direct-to-consumer sofa brands has booked six-figure profits.
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- OPINION & ANALYSIS
This is a pivotal period in time for ScS, Britain's second largest upholstery retailer, as it adjusts to the departures of a long-time financial backer and its highest ranking executive.
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Colefax Group, the fabrics and wallpaper company with a big international business, says sales have been more resilient despite the imposition of new restrictions across the U.K. and export markets.
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Half-year EBIT trebled as high-end upholstery manufacturer Kingcome Sofas found extra margin in the six months to end October.
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Fashion and lifestyle brand Joules said licensing income has more than doubled citing the impact of its partnership with DFS, the upholstery market leader.
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A strong bounce back out of the first two lockdowns has left upholstery and carpets chain ScS cautiously optimistic for the weeks and months ahead.
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Sofa maker Tetrad has completed the remodel of its Preston showroom ahead of the launch of a series of new collections.
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Furniture maker Ercol (ercol) returned to profit at EBITDA level in 2020 after orders and delivered turnover outperformed levels management were budgeting for during the first lockdown, its chairman said.
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Arlo & Jacob, the upholstery retailer, is turning its stores into virtual showrooms using live video chat powered by Go Instore software.
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Furniture makers are facing unprecedented increases in the cost of key raw materials according to trade association BFM, and retailers should brace for some of that to be passed on.
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British retailers and wholesalers imported more upholstery ahead of Christmas than in any other month since records began, new data compiled by The Furnishing Report shows.
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- TRADE & INDUSTRY
Efforts to meet pre-Christmas delivery deadlines after strong demand through the summer and autumn meant U.K. furniture manufacturing output reached a year-long high according to new Government figures.
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- RETAIL & DISTRIBUTION
The privately-owned retailer that operates Dreams beds stores in Northern Ireland along with a separate co-located upholstery fascia says trading in 2020–21 made a strong start.
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Profits up by half for 20-store adjustable furniture and mobility products retailer in 2019–20 on continued revenue growth.
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Man Wah Holdings, the upholstery and recliner giant with manufacturing operations across the Far East and Eastern Europe, hopes to raise the equivalent of £224 million to fund expansion and modernisation activities.
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- RETAIL & DISTRIBUTION
Furniture retailer Loaf has appointed David Meredith, the former head of operations at John Lewis & Partners, as operations director.
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A gain on the sale of freehold property softened the impact of a weaker trading for The Sofa & Chair Co. in the period leading up to the arrival of the pandemic.
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Robert Mynett, son of Brian Mynett who passed away last week, shares a letter written by his father to his step-brother Scott Ramsay in August 2006 after he had endured a particularly difficult day.
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Brian Mynett, the former Christie-Tyler executive who was later responsible for driving the U.K. expansion of Italian sofa giant Natuzzi, has died. He was 80 years old.
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Vita Group has agreed to pay €6.1 million to acquire southern Italian flexible foam producer I.M.P.E from Natuzzi, the upholstery manufacturing giant.
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- RETAIL & DISTRIBUTION
A multi-billion pound investment fund that supports the work and mission of the Church of England has disclosed a significant stake in ScS, Britain's number two upholstery specialist.
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The company behind the Balmoral Furniture operation in Northern Ireland says it should break even in the year to March 2021 despite sales being hit by the pandemic.
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Ekornes, the Norwegian recliner company behind the Stressless and IMG brands, recorded a loss at its U.K. and Ireland operation in 2019 during what was, it said, a year of consolidation.
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The Incanto Group is planning a three-month show-van tour in the U.K. after a similar exercise by the sofa maker resulted in it picking up new accounts for its relaunched Digiò Leather Sofas by Sofitalia brand here this autumn.
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Italian sofa maker Nicoletti Home says U.K. sales will end 2020 up in mid-single digits after it successfully navigated raw material challenges to deliver its order book to customers on time and in full.
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Sofas & Stuff has lined up a first showroom in Hertfordshire as the upholstery retailer continues to expand its national footprint.
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North West sofa covers and soft furnishings business Plumbs booked flat underlying profits last year, saying it had been a period of consolidation following earlier restructuring.
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Upholstered furniture imports climbed at their fastest pace in over a year as global suppliers played catch-up in the wake of strong demand across U.K. retail stores and online.
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- RETAIL & DISTRIBUTION
Market leader DFS said 2020–21 profits will likely be at the upper end of forecasts even though its business is being hit by continuing showroom closures, port disruption and a shortage of raw materials.
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A temporary moratorium on shareholder payouts and M&A activity is over for upholstery giant DFS after it agreed new extended debt terms with lenders.
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Whitemeadow, Britain's biggest owner-run upholstery producer, maintained its growth story last year as it reached what is likely to be a revenue peak ahead of the pandemic and Brexit transition.
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- BEDS & MATTRESSES
There will be no immediate end to foam supply issues for U.K. sofa and mattress makers, with rising prices and product allocation continuing to bedevil the industry. The credibility of of PU materials is at risk, according to a leading trade body.
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Ashley Manor, the West Midlands sofa maker, was the biggest growth driver for the Thai-owned TCM Living upholstery group as two of its four major business units outperformed the U.K. market last year.
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The group behind the rise and recline chair and adjustable beds brands Middletons and Oak Tree found top line growth and positive cashflow as it built out its retail footprint following earlier investment.
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Upholstered furniture manufacturer Whitemeadow is to open up its Sutton-in-Ashfield HQ to showcase its new collections early next year.
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Ecommerce upholstery startup Swyft Homes is this week introducing a rapid turnaround next-day delivery service for customers.
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U.K. furniture companies are being quoted sky high prices to ship containers while inbound product is being delayed. Data compiled by The Furnishing Report already shows the strain on upholstery and cabinet at ports such as Felixstowe.
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The West Midlands upholstery brands that form the largest part of the Thai-owned TCM Living group look to have outperformed the U.K. sofa market last year, new data shows.
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TCM Corp, the majority owner of U.K. upholstery group TCM Living, has promoted a new group chief executive from within the Thailand based organisation.
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Upholstery market leader DFS has expanded its presence in the North West with its already-signposted Barrow-in-Furness unit pulling up the shutters for the first time this weekend.
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Company Voluntary Arrangement (CVA) at sofas, sofabeds and upholstered beds retailer that previously featured in Fast Track 100 list of Britain’s fastest-growing private companies.
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Italian upholstery vertical Natuzzi will expand its retail footprint in the U.K. this Christmas amid strong demand so far this year for its Natuzzi Editions brand.
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The British arm of upholstery producer La-Z-Boy has gifted three high-end recliners to the staff wellbeing area at the Royal Berkshire Hospital.
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Upholstery retailer Sofology will take store numbers close to 50 with the opening of three more units this side of the New Year, starting tomorrow on the South Coast.
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Revenue fell mid-single digits for Natuzzi in the third quarter but the Italian upholstery manufacturer and retailer said the order outlook is brighter.
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Stanley Pauley, the longtime leader and majority shareholder of foam conglomerate Carpenter Co, has died aged 93, the company has announced.
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ScS, Britain's number two upholstery retailer, has recruited a former Home Retail Group executive as the successor to David Knight, its longstanding CEO.
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- RETAIL & DISTRIBUTION
Sofa and carpets retailer ScS said like-for-like order intake was up nearly a third going into the second lockdown in England earlier this month.
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Orders placed after furniture retailers sprinted out of the first national lockdown resulted in upholstery imports into the U.K. climbing at their fastest pace in 12 months.
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Half-year revenue and profits advanced for upholstery giant Man Wah Holdings in the six months to end September despite a big fall in sales across Europe.
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The chief operating officer of Ercol Furniture (ercol) has left the manufacturer to complete a PhD with the heritage British brand appointing two senior existing executives to run the business on a day-to-day basis.
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Revenue jumped by a third for Jason Furniture Hangzhou Co. in the third quarter as demand skyrocketed for the Chinese upholstery conglomerate's products and brands.
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- RETAIL & DISTRIBUTION
Furniture retailer Loaf built sales, profits and cash in the year to March 31 despite the end of its financial year being hamstrung by the pandemic and the first lockdown.
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A positive swing in gross margin aided by lower input costs helped drive an uplift in profits for The Vita Group last year, newly-filed consolidated accounts in mainland Europe show.
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Upholstery producer Man Wah Holdings has strengthened its leadership team with the appointment of Feng Guohua as chief executive officer (CEO).
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U.K. and Ireland revenue continued to recover for Norwegian upholstery giant Ekornes in the third quarter putting it close to even for the year so far.
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- BEDS & MATTRESSES
Upstream supply chain issues are to blame for a rapid increase in the price of foam according to Recticel, the Belgian industrial conglomerate and a major supplier to U.K. sofa and mattress makers.
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- BEDS & MATTRESSES
The owner of the direct sales manufacturer and retailer Adjustamatic Beds sustained a six-figure deficit last year but says it has traded profitably in 2020 despite the pandemic.
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Emerging upholstery startup Swyft Homes says it has already beaten its £2 million sales target for its launch year with it forecasting revenue of half that again by Christmas.
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Furniture manufacturer Whitemeadow will move its upholstered bed frame production early in 2021 after taking a new facility that will also provide the scope to consolidate its manufacturing operations across fewer factories.
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A first showroom in Oxfordshire will become upholstery retailer Sofas & Stuff's fourth new space to open since the summer when it throws open its doors this December.
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- OPINION & ANALYSIS
It is counter-intuitive that on the day we reported that September saw record-breaking furniture retail sales, we also reveal that some British manufacturers may have to temporarily close their factories.
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- TRADE & INDUSTRY
Feedstock suppliers must resolve their own issues to aid flow of foam to U.K. mattress, sofa markets
One of the leading sources of foam for Britain's mattress and sofa industry says it is doing everything possible to make good the current problems but its hands are tied until its own supply chain finds solutions.
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The U.K.'s first dedicated Noble Souls upholstery showroom, revealed by The Furnishing Report earlier this month (see related), will open November 27, it has been announced.
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- TRADE & INDUSTRY
Temporary foam factory shutdowns will prompt U.K. upholstery and mattress plants to close according to the British Furniture Manufacturers (BFM), which is urgently seeking clarification from the supply chain.
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- COMMUNITY
Upholstery and carpets retailer ScS is to donate £20,000 to help fund meals for disadvantaged children in its home city. It said it was a result of the Government voting against extending free school meals into the holidays.
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Direct-to-consumer upholstery source Swyft Home has chosen two-man delivery service provider Panther Warehousing as its sole delivery and warehousing partner.
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The head of the body representing the European foam sector has said it is "not good" for the industry that it is currently unable to satisfy high demand because of upstream supply chain issues.
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Recliner giant Man Wah Holdings has not given up its attempt to take control of HTL despite the already-completed sale of the leather upholstery colossus back to its founder.
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A key cog in the U.K. upholstery supply chain that lost out following the failures of QFC, Multiyork and Ultra more than recovered all that revenue and more in the year to March 31, 2020.
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Insolvency practitioners say efforts to recover a seven-figure debtor balance from one of the U.K.'s largest retailers of upholstery after the failure of a major British sofa manufacturer are over.
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Upholstery vertical DFS has joined the British Furniture Manufacturers (BFM) in a move that sees it become the largest single member of the national trade association.
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- SUPPLY & WHOLESALE
British furniture manufacturers continued to narrow the year-on-year production deficit as they brought employees back from furlough, new Government figures show.
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- RETAIL & DISTRIBUTION
Innovation paid dividends for Yorkshire chair specialist HSL with the group recording a six-figure corporation tax credit despite achieving pretax earnings north of £2 million last year.
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- OPINION & ANALYSIS
Specialist furniture vertical HSL said four years of investment in its manufacturing operations paid dividends as it upped the volume of product leaving its own factory last year.
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- RETAIL & DISTRIBUTION
Specialist furniture vertical HSL found the sweet spot in 2019 as its 59-store retail network and home consultations delivered top and bottom line growth.
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Shortages of foam and particle board are reducing production capacity and driving costs up, according to the British Furniture Manufacturers (BFM), which says retailers should brace for price increases.
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The Vita Group will next year begin producing foam created from polyols derived from recycled mattresses after agreeing a collaboration with chemicals giant Dow.
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Three stores, all in the North of England, planned between now and next year, with the first opening on Saturday.
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Upholstery fabrics supplier Mobus continued to build out revenue in the first full year following a management buyout and ahead of its move to a new West Yorkshire warehouse this year.
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West Yorkshire upholstery source Scan-Thors (U.K.) says it has successfully secured new custom and pointed to signs of improving business confidence in the market.
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- RETAIL & DISTRIBUTION
The reconfigured Sofa Workshop by Timothy Oulton network is preparing to reopen following its sale to the Halo Group by DFS. Its new owner's handwriting is self-evident from the get-go.
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One of the Sofa Workshop London stores acquired from DFS last month is to be repurposed for a first dedicated U.K. standalone showroom for Timothy Oulton's Noble Souls upholstery brand.
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- BEDS & MATTRESSES
Vita, one of the big three foamers and a key partner to the U.K. mattress and upholstery sectors, said it drew down on a credit line earlier this year to provide maximum operational flexibility.
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DFS, the U.K.'s largest upholstery retailer, has been building an arsenal of storied brands to attack the furniture market in recent years.
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Mid-autumn launch as expanding sofa chain prepares to open its westernmost store on street dripping in British upholstery heritage.
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Upholstery and flooring retailer ScS said business has rebounded strongly since lockdown to limit the impact on full-year results to July 25 and put it on track for growth in 2020–21.
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The eponymous founder of Italian upholstery company Natuzzi says the U.K. is among its priority markets as it looks to bounce back after the first wave of the Covid-19 pandemic.
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Italian sofa maker Natuzzi says it could outsource some of its production in Eastern Europe having completed a similar process in the Far East to combat tariffs.
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- TRADE & INDUSTRY
An Introduction to the Domestic Flammability Regulations is the fourth in a series of online training courses to be launched by the Furniture Industry Research Association.
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- DEALS & FINANCE
Ilkeston based Belfield Group added foam and fibre products manufacturer Clinchplain to its roster of furnishings-related companies in an unheralded deal that completed in the days before lockdown.
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- SUPPLY & WHOLESALE
The Belfield Group, owner of Westbridge Furniture, Tetrad and one of the U.K.'s largest mattress factories, booked higher consolidated profits in 2019 despite a fall in group-wide revenue.
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- RETAIL & DISTRIBUTION
DFS has thanked its largest suppliers and landlords whose altruism helped the retailer support those facing "existential challenges" during the worst of the pandemic.
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Upholstery and flooring retailer ScS has signed a ten-year lease on a 32,000sqft warehouse in Liverpool.
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- RETAIL & DISTRIBUTION
Sofa market leader DFS has revealed the extent of the mandated shutdown on its business but, like others across the trade, it has bounced back strongly in the period since.
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The BFM Fabric Show London 2021 will take place as scheduled next year as long as indoor events are permitted, organisers have said.
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Sofa.com has deepened its ties with its sister company after adding fabrics from a key House of Fraser in-house brand. It has also introduced lighting to its offer for the first time.
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