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- RETAIL & DISTRIBUTION
The group that owns beds and furniture businesses Airsprung and AHF agreed a seven-figure property deal for the retail unit that would later go on to house the renascent Beales department store business this summer.
Friday, June 2, 2023
Experienced sofa exec launches new upholstery brand and flagship store
Upholstery brand Zofa has followed its ecommerce launch earlier this year with the introduction of a flagship showroom in the North of England.
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The Conran Shop nets new seven-figure equity injection
The owner of The Conran Shop has taken his total investment in the designer furniture, home, lifestyle and giftware retailer to almost £20 million after a new equity issue.
Stressless owner appoints new chief executive
Norwegian furniture conglomerate Ekornes has appointed experienced branded consumer goods leader Tine Hammernes Leopold as its new CEO.
South East furniture retailer to open debut store in North
An expanding furniture retailer that launched during the pandemic is to open its debut store in the North of England after a breakout year in which it recorded its first profits.
HMRC is owed approaching £5m by Kettle Interiors U.K.
U.K. tax authorities face the biggest shortfall from the fallout of the restructuring of the Kettle Interiors U.K. furniture wholesale operation earlier this year, despite being near the front of the queue for a payout.
Ekornes owner QuMei shares sink to all-time low
Shares in the Chinese furniture group that acquired Norwegian furniture giant Ekornes back in 2018 have fallen to their lowest level since an IPO nearly a decade ago.
Longtime buying group business manager steps down
A new era at Minerva Furniture Group has begun after it bid farewell to its longstanding business manager Roy Beagent as he embarks on his retirement.
Profits rise for Chinese upholstery giant Kuka
The Far East upholstery manufacturer behind the Kuka brand booked higher profits last year despite revenues coming under pressure.
ScS expands Snug concession footprint
ScS has added two new Snug concessions to its store network as it continues to build out the retail footprint of the brand it acquired at the turn of the year.
Regional beds retail chain said to close southernmost store
East of England retailer Mattressman is said to be closing its Chelmsford store, one of two the privately-owned bed company currently operates in Essex.
Luxury Swedish bed brand expands U.K. distribution
High end Swedish brand Carpe Diem Beds has added a third London touch point after agreeing a tie-up with designer furniture and homeware retailer Heal's.
INTELLIGENCE
Market Data
Detailed market information about each of the Upholstery, Beds, Cabinet Furniture and Floorcoverings sectors at suppliers' prices.
Discover the up-to-date value of:
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UK production
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Imports
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Exports
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Key Trading Partners
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Total UK market size
BEST READ IN THE PAST MONTH
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Gross margin recovers for Alstons, Ashley Manor sofa group in first quarter
TCM Living, the upholstery group behind the Ashley Manor, Alstons and Alexander & James brands, found margin in the first quarter but lower revenue and one-off restructuring costs meant profits...
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One-off costs hit expanding flooring distributor's bottom line
Losses widened at fast-expanding floorcoverings distributor Likewise Group last year despite top line gains driven by acquisition and organic growth from a larger market presence.
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Sofa import volumes fall for ninth straight month
The value and volume of upholstered furniture arriving in the U.K. from overseas declined again in March, largely as a result of weak data from China.
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Influx of cheaper mattresses keeps import volumes positive
Import volumes of foam and sprung mattresses into the U.K. climbed for the third straight month in March, but the value of those products was lower compared with last year.
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Mattress, bedding retailer Woolroom books fourth straight profit
Mattress and ancillary sleep products retailer Woolroom maintained a positive bottom line last year after a break-out period in the run up to and through the pandemic.
INTELLIGENCE
Retail Sales
Up-to-date monthly UK retail sales data spanning total furniture and lighting sales PLUS detailed breakdowns for each of the Upholstery, Beds, Cabinet Furniture and Floorcoverings sectors.
Proprietary granular data covering:
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UK retail sales value and y/y delta. Monthly and annual
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Breakdown by product category
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Historical data
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Monthly and annual figures
DATA & LISTS
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Digest: History suggest overseas furniture retailers rarely make a success of the U.K.
RH will throw a launch party for selected guests this weekend as the premium U.S. furniture retailer finally launches in the U.K.
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May 2023 new companies: Mattress manufacturers
Eight new entities incorporated in the latest month.
TOP STORIES
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Experienced sofa exec launches new upholstery brand and flagship store
Upholstery brand Zofa has followed its ecommerce launch earlier this year with the introduction of a flagship showroom in the North of England.
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Legacy bed maker creditors get third payout following cartel settlement
Unsecured creditors of the historic former Silentnight entity whose assets were sold to a U.S. private equity company more than a decade ago received a third seven-figure payout last year.
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Kettle customers could face legal action if they don't pay up, administrators say
Restructuring advisors handling the insolvency of Kettle Interiors U.K. say legal action may be necessary to facilitate the collection of a portion of the furniture wholesale company's debtor book.
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Kettle Interiors U.K. agreed stock disposal two days before administration
Kettle Home agreed to buy stock with a book value of £6 million off furniture wholesaler Kettle Interiors U.K. for well under half that amount on March 22, 2023, two days before the latter was placed into administration.
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Gillies md says business well placed to navigate trading challenges
Gillies booked record sales and strong profits last year with md Ian Philp saying the furniture retailer is in a good position going into a more challenging trading backdrop.
OTHER NEWS
The Conran Shop nets new seven-figure equity injection
The owner of The Conran Shop has taken his total investment in the designer furniture, home, lifestyle and giftware retailer to almost £20 million after a new equity issue.
Stressless owner appoints new chief executive
Norwegian furniture conglomerate Ekornes has appointed experienced branded consumer goods leader Tine Hammernes Leopold as its new CEO.
South East furniture retailer to open debut store in North
An expanding furniture retailer that launched during the pandemic is to open its debut store in the North of England after a breakout year in which it recorded its first profits.
HMRC is owed approaching £5m by Kettle Interiors U.K.
U.K. tax authorities face the biggest shortfall from the fallout of the restructuring of the Kettle Interiors U.K. furniture wholesale operation earlier this year, despite being near the front of the queue for a payout.
Ekornes owner QuMei shares sink to all-time low
Shares in the Chinese furniture group that acquired Norwegian furniture giant Ekornes back in 2018 have fallen to their lowest level since an IPO nearly a decade ago.
Longtime buying group business manager steps down
A new era at Minerva Furniture Group has begun after it bid farewell to its longstanding business manager Roy Beagent as he embarks on his retirement.
Profits rise for Chinese upholstery giant Kuka
The Far East upholstery manufacturer behind the Kuka brand booked higher profits last year despite revenues coming under pressure.
ScS expands Snug concession footprint
ScS has added two new Snug concessions to its store network as it continues to build out the retail footprint of the brand it acquired at the turn of the year.
Regional beds retail chain said to close southernmost store
East of England retailer Mattressman is said to be closing its Chelmsford store, one of two the privately-owned bed company currently operates in Essex.
Luxury Swedish bed brand expands U.K. distribution
High end Swedish brand Carpe Diem Beds has added a third London touch point after agreeing a tie-up with designer furniture and homeware retailer Heal's.