HOME Retail Group chief executive John Walden is to step down from the PLC holding company and its Argos subsidiary once its sale to Sainsbury’s completes.

THE GROUP behind adjustable chairs manufacturer Restwell put nearly £20 million on its top line in 2015 boosted by acquisitions made in the first quarter.

MANAGEMENT at Tempur Sealy International Inc. have increased their stock buyback authorisation by an additional $200 million (£138 million).

scsFasciaSOFAS and carpets chain ScS says profits will beat market expectations after it built further sales momentum over the key spring Bank Holidays.

sharpsFasciaBEDROOM and home office retailer Sharps paid £12 million in dividends to its private equity owner in 2014–15 in a year that saw it refinance its debts.

INCREASED advertising spend and new showroom openings helped boost sales and profits at Sharps last year, despite a net downsizing of its store network.

DEWSBURY manufacturer Highgate Beds said sales in 2016 could return to historical highs as it looks to build on double-digit growth achieved in 2014–15.

THE LONG term future of Britain’s most important furniture trade event, January Furniture Show, is secure after organisers penned a new seven-year agreement.

casperThUS MATTRESS brand Casper is to launch in the UK following high demand from British consumers, the company’s co-founder has confirmed.

The Furnishing Report takes a look at some of the participants in the UK’s fast-emerging bed-in-a-box ecommerce sector.

BRITISH retailers returned to growth in May with sales kickstarted by apparel and children’s footwear according to the British Retail Consortium.

BoConcept fasciaOWNERS of BoConcept A/S have agreed to sell the Danish furniture company to an affiliate of London headquartered private equity company 3i Group PLC.

TWO OF East Anglia’s largest privately owned furniture retailers have made key management appointments in recent weeks.

bhs2THE OWNER of one of BHS’ largest and longest running home suppliers explains the impact of the retailer’s closure.

sangjattenMULTI-FASCIA European retailer Beter Bed Holding NV has agreed to buy Swedish beds retail chain Sängjätten for an undisclosed sum.

bhsATTEMPTS to rescue department store chain BHS have failed with all 163 stores to close and the 11,000 staff who work in them facing redundancy.

bensonsCOUK REVENUE climbed for Steinhoff International in the three months to end March, but at a lower rate than in the second half of 2015.

TRADE association BFM is calling for manufacturers to attend a seminar updating members on intellectual property law, taking place in Birmingham next week.

RETAIL price deflation widened 10 basis points to 1.8 per cent last month, according to the BRC-Nielsen Shop Price Index.

wrenREVENUE jumped 30.6 per cent for expanding retail vertical Wren Living last year with the company recording a profit at the pre-tax line for the first time.

FIVE-STORE contemporary furniture and design retailer Heal’s is launching its first ever television advertising campaign.

natuzziThurrockNATUZZI this weekend opened a Brent Cross store and relaunched in Croydon as it looks to build on high UK sales growth in the first quarter of 2016.

OFF-PRICE furniture and home retailer HomeSense will open its third new store of 2016 this week to take its total UK portfolio to 42 stores.

VITAFOAM Block Plant has added a new Maxfoam Omega production line, which it says will aid its ability to innovate with quick lead times.

Oak Furniture Land fascia coOAK FURNITURE Land and SofaStore brand owner JB Global Ltd is planning to expand its presence in the South West of England as part of a four-strong batch of new stores.

British consumers’ confidence to spend big on furniture, white goods and cars improved in May, despite enduring fears regarding the wider economy.

FURNITURE importer and distributor Bentley Designs maintained sales momentum in the year to end September with revenue up 9.3 per cent to £28.9 million.

DEPARTMENT store retailer Debenhams has appointed Sergio Bucher as chief executive officer, replacing Michael Sharp whose planned departure had already been announced.

Falling input costs are positive for all manufacturers, no?

manWahFAR EAST upholstery producer Man Wah Holdings posted higher sales and profits in 2015–16 on demand from customers in China and the US. Sales to the UK declined.

Hall 5 rebook rates are running close to 100 per cent for January Furniture Show 2017, organisers say, with stand space within the hall to growth by a fifth on last year.

MarksSpencerSteveRoweTURNING around Clothing and Home sales is Marks & Spencer’s top priority after years of underperformance, new CEO Steve Rowe said today.

DEMAND for bedroom ranges sparked furniture sales at John Lewis last week though overall Home growth remained below the year-to-date trend.

dreams8DREAMS says its Replace Every 8 campaign “remains core to its business” after it decided to end its agreement with its new marketing agency ahead of plan.

UPHOLSTERY market leader DFS has expanded its small-format shopping centre pilot with the opening of a store at intu Bromley.

FRENCH finance group Perceva is to invest in Cauval Industries, the pan-European bedding group that had been in an insolvency process since the beginning of March.

worldstoresECOMMERCE furniture, nursery and homeware group Worldstores says it is expecting to agree a new funding round following a strategic review.

carpetsWholesaleCONSUMER demand for floorcoverings is on the rise according to Government data and new figures from two of the sector’s key distribution bellwethers.

gilliesBFPRIVATELY owned furniture retailer Gillies of Broughty Ferry says it has invested heavily expanding its ability to deliver from stock as it recorded a fourth straight rise in sales.

retailParkStoresFURNITURE retail sales have been positive for nearly two consecutive years after high single-digit growth in April, new official figures show.

THE JANUARY Furniture Show is the main sponsor of the Scottish Furniture Trades Benevolent Association (SFTBA) Golf Day.

barkerStonehouseFasciaBARKER AND STONEHOUSE will have three stores in the South of England by 2017 after it agreed terms on a large site at Hove in Sussex.

FURNITURE price inflation at the factory gate fell last month to its lowest level since March 2015, according to the Office for National Statistics.

RETAIL sales in Scotland declined 3.2 per cent year-on-year in April according to the Scottish Retail Consortium, dragged down by low non-food sales.

retailParkStoresFurniture and flooring prices took different paths in April with the former dropping to a four month low and the latter the highest since March 2013.

DEPARTMENT store chain John Lewis sales rose 4.0 per cent to £73.1m year-on-year last week with Home categories steered by the warmer weather.

FURNISHING industry charity The Furniture Makers’ Company has issued the final call to participate in its Big Shots event, historically the biggest fundraiser in the calendar.

htlPROFITS climbed despite European revenue declining for heavyweight leather upholstery source HTL International in the first quarter.

LAST month’s footfall figures make “sobering reading for retailers” according to the chief executive of the British Retail Consortium.

bhsTHE FUTURE of department store chain BHS could be resolved this week according to administrators, while suppliers have praised the openness of buyers working within the business.

FURNITURE and home accents retailer Dwell this weekend opened a Chester showroom, one of four new units opening for the brand by the end of May.

FURNITURE and homeware retailer IKEA will open its first Order and Collect store in Ireland this summer with a second site in Dublin.

Furniture retailer Made.com Design Limited has named Susanne Given as chairman, succeeding Brent Hoberman.

cabinetHigh bedroom cabinet demand helped compensate for lower living/dining shipments in the first quarter, with Brazil emerging as a key UK supplier.

DebenDubThe Irish arm of department store retailer Debenhams is to be restructured after the High Court approved the subsidiary being placed into examinership.

polishUpholsterySHIPMENTS from Poland were up more than a fifth as total sofa imports into Britain in the first quarter of 2016 rose 7.0 per cent.

CARPET imports into Britain jumped 6.2 per cent to £206.5m in the first quarter of 2016, buoyed by higher shipments from France and emerging economies.

parkerKnoll1STEPHEN McPartland MP, who chairs the All Party Parliamentary Furniture Industry Group, is pictured cutting the ribbon to officially open Parker Knoll’s new factory on Monday.

NOBIA AB says it wants to scale its luxury kitchens brand Poggenpohl by entering a strategic partnership that could lead to it selling a stake in the business.

FITTED kitchens manufacturer Symphony more than doubled underlying profits last year as it grabbed a bigger share of the private developer market.

sofaComUPHOLSTERY specialist Sofa.com is to open its fourth store and its second in London with a space in one of Islington’s most famous buildings.

DISCOUNT furniture-to-fashion retailer Choice bolstered its balance sheet as it increased sales with a smaller retail footprint in 2015–16.

IKEA’s UK and Ireland business has donated thousands of new mattresses and toppers to charities including 1,188 last month to a regional re-use and recycling charity in Wales.

wayfairFIRST quarter UK sales trebled for Wayfair as the furniture and furnishings retailer stepped up its above-the-line marketing spend here with TV advertising.

IKEA is to open its first shopping centre store with plans to expand its order and collect store trial with a unit inside the Westfield Stratford City complex.

Like-for-like retail sales declined last month as apparel demand fell sharply. Home categories including furniture were the strongest performing.

laZBoyImproving margins helped profits jump more than a third in 2014–15 as upholstery maker and La-Z-Boy distributor Furnico posted record sales for a third successive year.

Furniture and lifestyle retailer OKA Direct will today open its first concession, with a 2,000sqft space inside of Kent department store Hoopers.

dreamsSolihullextCoSenior executives at Dreams have an equity stake in the national beds specialist under a structure put in place by its private equity backer Sun European.

Premium cabinet and upholstery brand Neptune will expand its retail footprint this summer with new showrooms including two pub conversions.

Sales growth returned in the UK for Nordic upholstery supplier Ekornes in the first three months of 2016, after revenue flatlined last year.

The world’s largest flooring company said European consumers traded up to boost global sales and profits to record levels in the first quarter of 2016.

nolteThe UK arm of German bedroom cabinet producer Nolte cut its prior loss in half in 2015 as it looked to turn around falling sales from the previous year.

Year-on-year furniture sales gained 21.7 per cent at John Lewis last week as overall growth across the chain approached double-digits.

sofologyFasciaSOFOLOGY has secured a £10m investment from the Business Growth Fund as it looks to accelerate its store network expansion and digital capability.

Furniture and home goods helped offset weak apparel sales at general retailer Next over the Easter holiday period.

HedgEndThe launch of furniture retailer Fabb Sofas has moved a step closer after owners and management applied to trademark the name with IP authorities.

Furniture and home retailer IKEA is planning to open a small-format order-and-collect store in Birmingham, its first in a city-centre.



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