Opinion on Furniture in United Kingdom

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Type Product title / description Pub Price
Expert View
Expert View

Kingfisher: feeling the full force of UK retailing slowdown

Leading home improvement retailer Kingfisher has displayed evidence of the full force of the slowdown in big-ticket spending in the UK as B&Q's profits more than halved during the third quarter. Chief executive Gerry Murphy said he did not expect the home market to improve until late 2006, however this cautious forecast comes from a man who is not afraid of making big decisions...

Published By Datamonitor
02 Dec 2005
CommentWire
CommentWire

Ilva: preparing to dismantle Ikea

Ilva executive chairman Martin Toogood has told The Sunday Times that the Danish furniture retailer will open its first British store this May. Ilva is confident that it will prosper at the expense of the current market leaders. Indeed, the retailer's strong statement on style and emphasis on service will fill a gap in a market that is currently suffering from a lack of innovation.

Published By Datamonitor
10 Jan 2006
CommentWire
CommentWire

MFI: able to construct a winning strategy?

Investors have lost confidence in furniture retailer MFI, sending shares to a five-year low as rumors of downsizing and low post-Christmas sales abound. While a slow housing market has affected the fortunes of the furniture industry, MFI has also suffered from supply chain problems and a lack of focus.

Published By Datamonitor
30 Jan 2006
CommentWire
CommentWire

MFI: in need of grand designs?

MFI has negotiated the GBP92 million sale of its French business Hygena Cuisines to Nobia in a deal that could allow it to stave off an emergency cash call on investors. However the real test for the retailer now lies in how it chooses to restructure itself. With much of the competition coming from the lower end of the market, MFI needs to focus on extending its upmarket appeal.

Published By Datamonitor
17 Feb 2006
CommentWire
CommentWire

MFI: disposal of retail arm is no hard sell

Two separate bids have been tabled for the retail arm of MFI Furniture, but analysts have predicted that MFI will have to pay up to GBP270 million to persuade a buyer to take on its 200 stores. Nevertheless the temptation to rid itself of a problematic operation may prove hard for MFI to resist.

Published By Datamonitor
13 Jun 2006
CommentWire
CommentWire

MFI: no choice but to sell

MFI has endured a torrid year and its latest disappointing results prove that the retailer will need to take drastic measures to turn the business around. It is likely that the retail arm could be sold to one of three private equity firms that are currently circling the beleaguered retailer.

Published By Datamonitor
20 Jul 2006
CommentWire
CommentWire

Land of Leather: showing its resilience in difficult times

The specialist retailer said that in the four month period like-for-like sales were up 5.7%, demonstrating its ability to ride out the tough conditions plaguing the UK retail environment. However, this sales growth is likely to slow down as Land of Leather reaches maturity and the competition heats up.

Published By Datamonitor
03 Aug 2006
CommentWire
CommentWire

Ilva: raising expectations

On August 3, 2006, Ilva finally opened its first UK store near London after a series of delays and an unprecedented level of anticipation from competitors and customers alike. With its compelling product, solid price architecture and a store environment that sets new standards in the industry, Ilva is the most significant event in UK furniture retailing since the launch of Ikea.

Published By Datamonitor
07 Aug 2006
CommentWire
CommentWire

MFI: new start for retail arm, but tough times still to come

MFI's retail division has been one of the most high profile casualties of the furniture sector having suffered from a relentless slide in sales and persistently weak margins. Merchant Equity Partners should give the retail chain a fresh start with new management, taking an ax to its store portfolio and reduce the company's high cost base, but this will be no easy task.

Published By Datamonitor
17 Aug 2006
CommentWire
CommentWire

Homestyle: rocky road lies ahead

Despite its recent loss-making performance, Homestyle has made significant progress over the past year. Although results should continue to improve, the tough conditions of the UK furniture market alongside heightened competition will present challenges for Homestyle and it is likely to face difficult times ahead.

Published By Datamonitor
01 Sep 2006

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