Pimol Srivikorn, chairman and major shareholder in TCM Living, says it is time the industry heard about the takeovers of two of the U.K.'s largest sofa makers "from the horse's mouth." As well as telling us what is coming next.....

Home goods revenue fell by more than £8 million for Very Group in the past year but the ecommerce retailer found growth in key categories including upholstery.

The cash and asset rich independent store group behind flagship department stores such as Elys of Wimbledon invested heavily across its London and South East branch network last year.

Event organisers are rebranding the Buying Groups National Flooring Show (BGNFS) exhibition as the INDX National Flooring Show as part of an overhaul for 2024 that opens it up to more retailers.

Asset disposal specialists have begun a six-day sell-off of manufacturing equipment following the planned closure of the smallest production facility of a major upholstery vertical.

Rachael Nevins has decided to leave Belfield due to personal circumstances after a year as chief executive at the upholstery and furnishings group. Chief operating officer Tom Prestwich has become group md with immediate effect.

Revenue and profits reached record levels at Barkers of Northallerton in the year to January 31, 2023, with the privately-owned retailer having now doubled its annual output over the past decade.

Renascent ecommerce and mail-order retailer Cox & Cox will next week open its first-ever physical space with a pop-up shop in Leeds.

Lincolnshire furniture, home and garden retailer Downtown recorded an accounting loss as it wrote down the value of one of its legacy Oldrids stores for a second time.

Outdoor and indoor furniture retailer Garden Trading has relocated to state-of-the-art Wiltshire premises after a £2 million investment by its new private equity backer.

Jonathan Fearn has left his post as chief executive of TCM Living, the upholstery group behind the Alexander & James, Alstons, AMX Design and Ashley Manor businesses.

ScS said it expects to upgrade a further dozen stores in the current financial year but the upholstery and flooring chain has cautioned that trade has become harder in recent weeks.

Shares in DFS climbed almost 10 percent in intra-day trading on Tuesday as the upholstery market leader benefitted from takeover talk at its largest U.K. rival. Italian sofa retailer Poltronesofà has had a bid for ScS recommended by its board.

West Yorkshire mattress maker Dura Beds booked lower profits last year as rising sales and wider gross margin were negated by higher costs elsewhere in the business.

Upholstery manufacturer and distributor La-Z-Boy U.K. has promoted Tristan Pyke from sales director to managing director.

Poltronesofà, a major Italian upholstery retailer with 300 stores across Europe, is set to acquire ScS, the U.K.'s number two sofa retailer.

Speculation that the qualified audit opinion delivered on the 2022/23 financial accounts of flooring roll-up Victoria would lead to a change of auditor for next year has proved unfounded.

Four major Chinese furniture manufacturers saw their share prices fall to a year-long low on Monday as a sell-off among the country's largest companies spread across the Shanghai Stock Exchange.

Weaker sales and higher operating costs hampered profits at the U.K. distributor of well-known flooring brands such as Quick-Step, Pergo and Balterio last year.

CPS, the multi-faceted print specialist that majors in providing services to beds and furniture industry clients, says it is on a path to net zero after making sustainability core to its business processes and products.

The number of U.K. furniture retailers with more than 100 employees has dropped by just under a fifth year-on-year as mid–large size independent enterprises cut staff headcount.

High-end furniture retailer Bridgman was negatively impacted by the travails of Snug last year, ahead of the sofa brand being snapped up and later relaunched by national retail chain ScS.

Home shopping group Freemans Grattan Holdings (FGH), one of the U.K.'s largest retailers of furniture online, has leaned into a committed share capital funding programme to raise funds.

Sofas & Stuff established its own manufacturing facility last year in a period in which the upholstery retailer booked record revenue and made seven-figure investments.

Loaf opened its 15,500sqft store on the Redbrick complex at Batley on Thursday, the largest in the furniture retailer's estate to date.

Beds retail market leader Dreams has launched a new £4 million brand campaign featuring Gillian Anderson, the Hollywood actor who starred in the X-Files and movies including The Last King of Scotland.

Privately-owned retailer Barker and Stonehouse has extended the size of its space inside Fenwick's Kingston-upon-Thames store, making it one of the largest furniture concessions in the country.

Benchmark, the premium cabinet furniture manufacturer co-founded by the late Sir Terence Conran and md Sean Sutcliffe, grew profits through 2022/23 as wider margins offset lower revenue.

U.K. sales returned closer to pre-pandemic levels for high-end Italian designer lighting company Artemide last year, but at a cost to margins.

Consumer confidence in splashing out on higher value items such as furniture weakened to its lowest level in nine months in October, after the sharpest single-month fall in over three years.

The value of furniture, lighting and floorcoverings retail sales rose on an annual basis in September according to figures out Friday morning from the Office for National Statistics (ONS).

Premium French furniture brand Roche Bobois says revenue in the U.K. is now flat after the first nine months of the year, having been trading ahead at the half-year stage.

Selling an underutilised area of its vast Trowbridge factory site along with other plant and equipment generated £10.9 million in cash for the Airsprung beds and upholstery group through 2022/23, masking a decline in underlying profits.

The management-owned rise and recline chair manufacturer behind the Recliners brand bolstered its balance sheet with high six-figure profits last year.

Privately-owned Wiltshire cabinet manufacturer Sylvawood Furniture has been placed into administration.

Furniture and homewares retailer Dunelm said sales grew 9 percent in the first quarter of its 2013/24 financial year with upholstery among its key product successes.

Digital-led multichannel retailer MattressNextDay will host the first U.K. shop-in-shop concept from Emma Sleep when it launches its new flagship store in Kent later this autumn.

Revenue climbed to record levels for the second straight year at Colchester upholstered furniture manufacturer Alstons in 2022.

Wider gross margin helped the North West supplier of bedding and household textiles under brands spanning Dorma to Content by Conran find a big performance boost through 2022/23.

Sales hit nine figures for TradeChoice Carpet & Flooring in 2022 amid multi-million pound investment ahead of the launch of its new transactional website and additional depots this year.

The U.K. comfort foam operations of Recticel were more profitable despite lower sales ahead of the business unit being carved out and sold to a private investment company earlier this year.

Consumer price inflation for household furniture eased to its lowest level in two and a half years in September as cost pressures on the industry continued to ease.

The Giomani Designs' affiliate that acquired the assets of Victoria Plum will pay £7.8 million in all as part of the transaction that saw it rescue the circa £100 million turnover bathroom products retailer.

Stressless owner Ekornes delivered record revenue in the U.K. and Ireland last year, breaking a landmark that had stood for the upholstery giant since 2011.

The value of Chinese mattresses arriving into the U.K. doubled in August in a rise out of step with the year-to-date trend.

The market capitalisation of AIM-listed flooring manufacturer and distributor Victoria fell by more than £70 million in a single day on Monday with its value now almost half what it was a month ago.

A Greater Manchester retailer majoring in upholstery has been placed into liquidation leaving a raft of debts, primarily to financial creditors and the tax authorities.

Weak demand for cabinet continued at the height of the summer as the value of wood living, dining and bedroom goods maintained the trend of falling in every month so far this year.

Furniture, beds and home accents wholesaler Gallery Direct booked a £6.5 million net loss last year after writing down the value of stock to reflect current shipping costs. It says the decision is already delivering a competitive advantage.

Simba Sleep has returned to profit at the EBITDA line this year with CEO and co-founder Steve Reid saying the direct-to-consumer and wholesale bed brand is continuing to put the building blocks in place for international expansion.

The md of West Midlands and Dorset furniture retailer Cookes says the group is well positioned for future growth after it overcame supply chain challenges to book higher profits in the past year.

Kent bed maker Sleepeezee says it is well placed ahead of the final weeks of 2023 as it looks to maintain top and bottom momentum achieved through last year that helped it outperform its peers.

Shares in upholstered furniture market leader DFS closed at their lowest level in eight and a half years on Friday.

Paul Clark, the founder and owner of MyPad, has passed the baton on to the next generation at the multi-million pound turnover Jersey furniture retailer. He plans to step away from day-to-day management and focus on new projects.

The owner of modern furniture, home and lifestyle retailer The Conran Shop has taken 2023 equity funding to approaching £10 million after a new summer/autumn capital raise.

IKEA, the U.K.'s largest home and garden goods retailer, saw digital revenue growth outstrip stores in the past year with well over a third of its business now transacted online.

Sofa imports declined for a ninth straight month in August primarily as a result of weaker trade with European partners including Poland, Italy and Romania.

The owner of the Stockholm Furniture Fair and dozens of other trade shows has hoisted the for sale flag above its events business, and plans to build homes and offices on the site of the current venue.

Belgium, habitually the largest exporter of carpets to the U.K., slipped to third in the rankings at the height of summer as it was usurped by near-neighbour Netherlands and fast-emerging rival Turkey.

Home shopping retailer N Brown slipped to a first half net loss on weaker demand but still managed to build liquidity thanks to working down its stock position and other non-cash movements.

Half-year profits advanced for Sanderson Design Group (SDG) as the premium interior design and furnishings supplier enjoyed the benefit of new licensing agreements.

Profits declined but remained class-leading at global fabrics giant Romo last year ahead of a transaction that saw of one of the founder's great-grandsons buy out another.

Turnover at the furniture factory gate fell at its sharpest rate in two and a half years in August, according to new official data released Thursday morning.

Stakeholders seeking to reshape the U.K.'s furniture fire regulations have a diminishing window in which to influence change, with a Government consultation due to close in under two weeks.

The U.K. business unit that provides services to Wayfair's European trading operation has for the first time revealed the number of jobs impacted here by the worldwide redundancy programme announced earlier this year.

Tempur Sealy International, the world's largest bedding company and one of the principal actors in the U.K. beds market, has closed a $1.65 billion (£1.34bn) refinancing of its credit facilities, extending its debt maturities.

Profits returned for TCM Living group last year on the back of sales growth, a strong performance from its Alstons business unit, and the disposal of Arlo & Jacob.

Ecommerce-led furniture retailer Roseland booked a seven-figure deficit last year but the Cornwall company says the outlook is stronger thanks to growth and shareholder support.

British Furniture Manufacturers (BFM) will bring a new approach to connecting buyers and sellers at its inaugural Future Component Expo (FCExpo) next year by hosting an Innovation Trail.

Profits declined at flooring giant Amtico last year as it absorbed rising costs and upped its warranty provision in relation to a discontinued product line.

Flooring distributor Kellars has expanded its distribution network with the buyout of an independent South Wales supplier.

The joint venture that acquired Sealy U.K. three years ago has taken total investment in the Cumbria bed maker to approaching ten times the initial outlay that was made to buy the operation off Silentnight Group.

Emerging branded upholstery and furniture specialist Designer Sofas has opened its previously-signposted new Fosse Park store as it continues its national showroom buildout.

Fleur Carson has been promoted to U.K. managing director at Karndean Designflooring. She succeeds Paul Barratt, who has decided to step down after 11 years in the role at the luxury vinyl tile supplier.

Restructuring advisors have queried an asset sale that led to a new entity under common control taking over the retailer trading as The Children's Furniture Company earlier this year.

Two experienced managers have acquired Cheshire furniture maker and retailer Bluebell Fitted Furniture in a leveraged buyout that provides an exit path for the business' two founders.

Gross margin tumbled at Swoon last year as the ecommerce-led furniture brand faced up to weaker customer demand along with rising product and freight costs.

Lighting, home accents and furniture retailer Pagazzi has effected a corporate reorganisation that looks to have secured its future.

Upholstery specialist ScS will release its preliminary results a fortnight later than planned after the board said a short delay is required for finalisation.

Upstream supply chain rivals Carpenter and Vita Group both found single digit growth last year in a period upended by supply chain challenges and M&A activity.

Tempur U.K. achieved record sales in 2022 after flat wholesale revenue was buoyed by an increase in the performance of its own-showroom network.

Bedroom furniture retailer Sharps has acquired Fittingly, the Stoke-on-Trent challenger fitted furniture brand that launched shortly before the pandemic.

More furniture and flooring industry companies filed for insolvency in the third quarter of this year than in the first three quarters of 2021 combined as tough trading across the sector led to record corporate imperilment.

A major Chinese upholstered furniture producer that once owned a 22-store U.K. furniture chain is to invest in land in Cambodia as part of plans to shift part of its production from its homeland.

West Midlands sofa manufacturer Ashley Manor Upholstery more than halved its net loss last year after a large reduction in sales costs.

Securing better buying terms led to a huge leap in gross margin for Scottish carpet warehouse retailer J&W Carpets through 2022/23, helping to offset weaker demand.

North East sofa maker and retailer Delcor has partnered Leeds manufacturer Harrison Spinks to launch an updated premium beds programme across an initial three stores and online.

Leekes, one of the U.K.'s largest privately-owned furniture and home department store retailers, invested heavily in its store and digital estate through 2022/23.

The entity that was until earlier this year the U.K. operating company of bed retailer Sleep. 8 booked a large seven-figure deficit as it expanded its South East footprint last year.

The Vita Group, the diversified industrial giant that produces block foam, finished mattresses and flooring underlay, has appointed Omar Hoek as its new chief executive.

Restructuring advisors have disclosed the terms of the rescue of kids furniture and toys retailer Great Little Trading Company, whose assets were sold in a prepack buyout a month ago.

Profits fells as rising product costs negated the impact of higher output at Newton Abbot furniture and department store retailer Austins last year.

The annual Teesside Golf Day organised by privately-owned furniture retailer Barker and Stonehouse raised £14,000 for The Furniture Makers’ Company, the dedicated industry charity and livery company.

The market cap of flooring roll-up Victoria dropped by more than £67 million in a single day on Tuesday in what proved a rough day all round for floorcoverings conglomerates.

Upholstered furniture vertical Sofa.com has reached out to apologise and reassure customers amid delivery issues brought about by a warehouse move and switch to a new logistics partner.

Wren Kitchens has replatformed one of its factories as a dedicated bedroom furniture plant as it rolls out displays of its fitted bedroom offer across its entire 100+ store retail network.

A mattress maker that sold beds direct to the public from its own factory showroom in Nottingham has ceased trading and been placed into liquidation.

The National Bed Federation (NBF) presented Jessica Alexander, whose career with the trade association spans 37 years, with a surprise Lifetime Achievement Award at the Bed Show Gala Dinner & Awards Ceremony last week.

Longtime Bensons for Beds md Alan Williams says there is space in the market for a new bed specialist after an encouraging start to life for his new retail brand The Sleep Haven.

Beds and sofas group Airsprung has consolidated production after moving its Cavendish Upholstery manufacturing operations to its Trowbridge headquarters.

Halo Creative & Design, the circa £150 million turnover international furniture group, has increased its equity position in South East sofa manufacturer Dudgeon.

The National Bed Federation (NBF) will look to encourage a new generation of young people into the U.K. and Irish bed industry after creating a recruitment video targeting school leavers and university graduates.

A two-store furniture retailer has settled with Core Products after it was accused of copying several of the Scottish cabinet supplier's designs.

Dame Sharon White will stand down as chair of John Lewis Partnership in February 2025 and has asked the retail group to initiate a process to appoint her successor.

Swedish kitchen giant Nobia has finalised the sale of its freehold manufacturing property in Dewsbury in an all-cash deal worth £13.6 million.

Expanding South East upholstered furniture chain Designer Sofas has emerged one of the largest and most profitable in the category in the country.

An affiliate of the company behind ecommerce-led retailers Beds.co.uk, Cox & Cox and Moda Furnishings has completed a prepack rescue of Victoria Plum, the £114 million turnover online bathroom products retailer.

Wider gross margin helped mitigate a sharp fall in sales for upholstery vertical Natuzzi in the second quarter as revenue fell at a steeper rate than in the first.

The closure of West Yorkshire mattress manufacturer Diamond Beds leaves financial and trade creditors facing a shortfall on their outstanding debts.

Oak Furnitureland is launching Grow Your Home, a new integrated brand platform and campaign designed to highlight its transition from hardwood furniture specialist to whole-home retailer.

Trade association British Furniture Manufacturers (BFM) has opened the entry process for its second Future of Furniture Awards, celebrating education and sustainability across the industry.

Sofa manufacturer and wholesaler Scan-Thors (U.K.) returned to profit last year after a decision to bring more of its production in house yielded big margin improvements.

Flooring conglomerate Victoria moved to reassure shareholders on Friday after what it described as the "considerable reaction" to its auditor offering a qualified opinion on its 2022/23 results, a consequence of incomplete accounting records at a subsidiary called Hanover Flooring.

Roy Povey, one of several former Headlam executives who helped established challenger flooring supply group Likewise five years ago, is to stand down as chief financial officer.

Peter Kelsey, md of Chesterfield-based Designer Contracts, has been made a patron of North Derbyshire’s Ashgate Hospice, in recognition of the floorcoverings supplier's longstanding support for the charity.

The co-founder of Anti Copying In Design (ACID) says there is still much to be done to "change the pervading culture of design theft" as the organisation celebrates its 25th anniversary.

The owner of adjustable beds and riser chair maker Sitting Pretty had its business recapitalised last year in a transaction that vaporised £11 million of debt.

Narrower gross margin and lower output saw furniture importer and wholesaler Annaghmore Agencies record a loss last year against a backdrop of challenging conditions.

Net income declined for furniture and department store retailer Barbours through 2022/23, the first full year since all pandemic-related restrictions were eased.

A Somerset based group whose activities span mattress production to the sale of bedroom cabinet furniture via online marketplaces booked a loss last year after sterling dropped in the aftermath of "the disastrous mini-Budget."

The longtime CEO of Williams-Sonoma, the furniture and homewares retail group that owns brands including West Elm and Pottery Barn, has sold $15 million worth of shares in the company.

Beds market leader Dreams opened up its Oldbury factory on Thursday to celebrates the 20th anniversary of mattress production at the West Midlands site.

The Swedish investment company that acquired Julian Bowen in 2021 collected bumper dividends from the wholesaler last year, as it delivered profits that remained class-leading albeit down on a pro-rata basis.

Employee-owned sofa maker Lebus Upholstery says its objective is to reduce debt amid a backdrop of more expensive borrowing costs following recent interest rates rises.

Ecommerce retailer Bed Kingdom has opened a large new West Yorkshire warehouse that will enable the fast-growing company to offer an improved service and shorter lead times.

Inaugural full disclosure accounts reveal West Yorkshire ecommerce retailer Luxury Flooring to be one of the largest currently operating in the category.

Profits declined for the second straight year for ecommerce dining furniture retailer Atlantic Shopping in 2022 as elevated demand through the pandemic normalised.

The mattress market will decline at a shallower rate online than in the sector at large through 2023, according to new research by a leading global authority on furniture and furnishings.

The build-out of upholstery brand Snug is gathering momentum with new monobrand stores and concessions inside branches of its owner ScS opening at a rate of one per week.

A U.K. operator of Natuzzi upholstery stores that is majority-owned by a franchisee delivered seven-figure profits and bolstered its balance sheet last year.

Receivers have taken control of part of a Lancashire mattress factory in an effort to recover funds for creditors, almost three years since the last known trading company operating from the site folded.

A property sale helped boost cash at the group behind the Adjustamatic Beds business and Varimatic furniture brand last year against a background of tougher trading conditions.

The National Bed Federation (NBF) last night crowned the winners of its 2023 Bed Industry Awards at the Bed Show Gala Dinner in Telford, as well as recognising the career of its longtime executive director Jessica Alexander.

The CEO at Beales has retaken control of the department store retailer, ending its spell in the same corporate group as home furnishings chain Fabb Furniture.

Mattress brand Brook + Wilde is back after its new owner relaunched its ecommerce platform with a revised logotype and updated url, both reflecting its new corporate name.

Upholstery group Belfield has appointed a new chief financial officer, filling a role that has been vacant since the departure of former Vita Group finance director David Meltham late last year.

Furniture retailer Loaf has confirmed the location of the Redbrick unit that will become the largest across its entire store network when it opens next month.

Land of Beds has relaunched its ecommerce website after a 12-month project led by its in-house software team and using its own proprietary technology.

Upholstered furniture manufacturer Whitemeadow cemented its position as the U.K.'s largest wholly-independent sofa maker last year, outperforming its domestic peers.

The ownership positions of major shareholders in Tapi Carpets & Floors including the founder of DFS and the deputy chairman of Dunelm remain undiluted despite thousands of shares changing hands and the issue of new equity.

The group behind North West manufacturer and flooring insurance claims handler Cavalier Carpets found earnings growth last year despite lower revenue.

Flooring distributor STS says the second half of 2023 has got off to a promising start after a softer trading period stymied efforts to hit targets earlier this year.

Profits were more than a third higher at home, fashion and lifestyle retailer Oliver Bonas last year as revenue jumped to nine figures for the first time in its history.

Furniture and lighting retail sales climbed on both a value and volume basis in August as they continued to lap weak data from last year.

DFS has signposted the expected financial costs associated with the planned closure of its 24,000sqft Long Eaton manufacturing site, the smallest of the retailer's three sofa factories.

Consumer confidence for major purchases improved for a second straight month in September and is now at its least-weak level since February 2022.

General merchandise retail giant Next failed to buck the weak furniture market in the six months to July despite revenue gains elsewhere in its business.

DFS says it hopes to find about £50 million of annualised cost savings over the next three years with half of that to come from product-related initiatives.

The buildout of the retail footprint of Sofology can lead to the brand becoming the second largest upholstered furniture retailer in the country, according to parent company and market leader DFS.

The owner of the Trago Mills (Trago) shopping destinations in southwest England and Wales slipped to a seven-figure deficit last year despite revenue recovering to pre-Covid levels.



Stay informed. Subscriptions start from less than £2 per week:



Already a subscriber?    Sign In