Opinion on Home Furniture and Housewares in Europe

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Type Product title / description Pub Price
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Home Retail Group: independent life off to a strong start

In its first set of full year results since its de-merger from GUS last October, Home Retail Group has reported an improved performance at both its Argos and Homebase arms, with group sales up by 6.4% and operating profit ahead by 8.3%. In the short term, the prospects for both fascias are favorable, but, in the longer term, the company will need to look further afield for growth.

Published By Datamonitor
02 May 2007
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Klaussner: in administration once more

Beleaguered furniture retailer Klaussner has fallen into administration for the second time in the space of two years. Its high cost base and poor management, allied with a challenging retail environment are to blame for what will certainly be its final demise.

Published By Datamonitor
14 May 2007
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ScS: further profit warning

Despite an 11% sales order uplift, sofa company ScS has issued its second profit warning in three months, as operating profit fell 58% in the six months to March 31. Furniture is often one of the first sectors to feel the impact of consumers cutting back their discretionary spending, and the bleak current trading environment will test the strength of furniture retailers throughout 2007.

Published By Datamonitor
21 May 2007
CommentWire
CommentWire

DFS: in good shape during tough times

Alongside last year's financial results, furniture specialist DFS revealed a 5% rise in like-for-like sales for its current financial year. This is a solid performance in challenging market conditions and the retailer seems well placed to continue outperforming key rivals ScS and Land of Leather.

Published By Datamonitor
07 Jun 2007
CommentWire
CommentWire

Carpetright: progress on all fronts

For the 52 weeks to 28 April, 2007, Carpetright's sales rose by 5.4%, while profits increased by 5.1%. The retailer continues to grow sales in a declining domestic market, while its fledgling European operations represent a good opportunity for future growth.

Published By Datamonitor
26 Jun 2007
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Homeform: investment plans provide new direction

Two months after being acquired by private equity group Sun Capital Partners for an undisclosed sum, HomeForm's management has unveiled plans to overhaul its stores and deliver operational efficiencies, in a bid to rebuild the fitted home improvement specialist's profitability. Such actions are urgently needed if HomeForm is to prosper in an intensely competitive market.

Published By Datamonitor
27 Jun 2007
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Dunelm: facing a difficult future

Homewares specialist Dunelm Group has posted a 12.5% rise in total sales during the 52 weeks to June 30, while like-for-like sales were ahead by 6.1%. However, going forward, Dunelm will have a number of issues to deal with - ranging from weaker consumer demand to greater competition from non-specialists - which could potentially suppress its healthy margin.

Published By Datamonitor
10 Jul 2007
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Ikea: manufacturing efficiencies

News that Swedish home furnishings retailer Ikea is planning to restructure its work-force in the UK and reduce staff numbers, in a bid to become more efficient, is a sign that that even the most innovative and successful retailers are not immune to a slowdown in UK retailing.

Published By Datamonitor
11 Jul 2007
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Asda Living: rollout plans build pace

Asda has appointed a managing director for its Asda Living unit. For three years Asda has talked of grand plans for its Living format, but has so far opened only 10 stores. While there remain obstacles ahead, the retailer's appointment of an MD for the business unit is a positive move and takes Asda a step further to realizing its ambition for a 300-store estate.

Published By Datamonitor
18 Jul 2007
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Dreams: buoyant bed sales

Another set of impressive results from the UK's leading independent bed specialist shortens the odds on the company being sold to venture capitalists.

Published By Datamonitor
22 Aug 2007

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