Congrats on the new Birmingham store! Thank you, we’re really excited! I think the Midlands has been underserved for quality home furnishings for a very long time, and as our second city, Birmingham is the obvious place to address that. In the new store, how have you incorporated Heal’s themes and patterns to create a sense of luxury while maintaining the character of the heritage brand?
Habitat has announced a new head of product design as its creative director departs from the home interiors and furniture chain. Polly Dickens is set to step down from her current position as creative director at the end of January 2018, after six years with retailer. She said she plans to spend some time travelling with her husband after spending 30 years in the industry
Habitat has announced plans to roll out its mini store format inside four Sainsbury’s supermarkets by November after a successful trial in six locations. The furniture retailer is eyeing locations in York, Manchester, Newcastle and London, and once opened there would be 10 mini-format Habitat stores in operation – all of which are a mixture of standalone stores or stores-within-stores. Like the existing mini stores, the four new ones would take up 2000sq ft with an edited range of over 600 products across furniture, upholstery, lighting, homewares and textiles
DFS has said ongoing consumer uncertainty and the slump in the value of the pound since the Brexit vote has adversely impacted its full-year profits. READ MORE: DFS warns of “significant declines” in footfall and orders In its 52-week period ending July 29, the furniture retailer’s profit before tax plunged 22.3 per cent to £50.1m while EBITDA fell 12.7 per cent to £82.4 million. However, gross sales climbed 1.1 per cent to £990.8 million and revenue edged up 0.9 per cent to £762.7 million
Furniture retailer Made.com has seen profits soar nearly 60 per cent in the last year as it continues to grow its penetration in international markets. In the 12 months to December 31 2016 sales jumped 48 per cent to £91 million, while gross profits jumped 58 per cnet to £49.3 million. READ MORE : DFS warns of “significant declines” in footfall and orders Meanwhile adjusted EBITDA saw losses reduced 38 per cent to £3.8 million, and its gross profit margins rise 330 basis points to 54.1 per cent
Furniture retailer ScS has attributed an increased sales density at its stores for a rise in its annual net profit. In its annual report covering the year to July 29, net profit rose by eight per cent to £9.4 million, up from £8.7 million in the previous year. Meanwhile, pre-tax profit rose to £12 million from £10.9 million, and revenue climbed 4.9 per cent to £333 million
Homeware and furniture retailer Habitat has rolled out a new click-and-collect service across the UK at over 2300 locations. Small homeware items like lamps, flat-pack furniture, tableware and textiles will now be available to collect from both Habitat stores, and thousands of DPD pick-up points across the country
Online bedding retailer Eve Sleep has taken a major step into bricks-and-mortar retail with the signing of a partnership with German department store chain Karstadt.
The owner of bed and mattress retailer Dreams has scrapped plans for a £400 million sale after negotiations deteriorated. Sun Capital Partners, Dreams’ owner, reportedly abandoned the potential deal with an unidentified buyer over an ownership dispute. READ MORE: Chinese rivals prepare for £400 million Dreams auction It is understood that the buyer wanted to take full ownership of Dreams, but Sun Capital wanted to retain 50 per cent ownership
Furniture retailer Loaf has hired Neil Barley to be its new chief operating officer. Barley’s new role at Loaf will include responsibility for the day-to-day running of the business as well as overseeing logistics and warehousing operations as the company pushes on with ambitions to double its turnover in the coming years. Before coming to Loaf, Barley worked for 17 years at fashion retailer Boden, with his last role there being director of merchandise planning and systems.