Category: News

Like every sector of our economy, the furniture industry has been facing uncertainties in relation to the vote to exit European Union of June 23rd in the UK. Prices of raw materials critical in the British furniture industry have also been changing.  It’s expected that the prices might go up by 8-12 percent as the… Read the full article

Steinhoff has completed a takeover of Poundland for £597 million. Steinhoff is a retail conglomerate from South Africa and the owner of Bensons for Beds and Harveys in the United Kingdom. Poundland has been struggling and recommended that the shareholders take the deal. Each of them will take away 220p for every share including the… Read the full article

In June, the growth of non-food items online sales grew by 9 percent in the United Kingdom against an increase of 17.6 percent in 2016 over the same period.  Furniture sales online plummeted to position seventh in over 24 months. On the other hand, last month saw a change in store sales trend as store… Read the full article

  Of all tech events across the UK, TFM (Technology for Marketing) is the only one dedicated wholly to marketing tech within the United Kingdom. The event allows marketers not only to grow their investments, but also find the right kind of tech that’ll work for their business. In the 2016 TFM event, attendees will… Read the full article

  During John Lewis half-term trading the company accomplished £82.2m in sales or an 11.5 percent increase in contrast with the previous year. While the rise is believed to be due to a half-term week increase in football, the increase had fallen about a week or so later than it happened back in 2015. John… Read the full article

  From an initial investment of £350,000 to about  £20 million today and an expected growth of over  £100 million in the next few years, Loaf  is expected to continue its great run. Loaf was founded in 2008 as the Sleep Room by Charlie Marshall. He had to sell a previous business known as the… Read the full article

  With the announcement by Debenhams about the retail store’s trading update, a clear picture for the last 15 weeks ending June 11 is now very clear. Online sales went up by 7 percent why LFL sales went up by a meagre 0.2 percent. Within the 15 week time frame, there was an increase on… Read the full article

  After the end of two Bank Holidays in May, ScS (Sofa Carpet Specialists) issued another trading update that showed a positive growth in sales. In the update, the company reported a 14.6 percent order intake in LFL sales for 45 weeks up to June 4th 2016. This means the group is expecting to give… Read the full article