Opinion on Home Furniture and Housewares in Europe

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Type Product title / description Pub Price
CommentWire
CommentWire

Land of Leather: not sitting comfortably

Given the effect of current economic conditions on consumer sentiment toward major purchases, it is no surprise to see that another furniture specialist has posted disappointing results. Following the dire trading statement from furniture specialist ScS, Land of Leather's results are a further indication of the extremely challenging trading conditions faced by big-ticket specialist retailers.

Published By Datamonitor
27 Mar 2008
CommentWire
CommentWire

Land of Leather: impressive results in difficult times

Against an unfavorable macroeconomic backdrop and following recent poor results from rival ScS, Land of Leather's end of year financials are particularly impressive. With a clear value focus and ample scope for further expansion, the company should continue to outperform.

Published By Datamonitor
26 Sep 2007
Expert View
Expert View

Land of Leather faces further troubles as Sleep Depot is laid to rest

With the furniture market facing extremely challenging conditions, and specialists, including Land of Leather, reporting dire trading statements, it comes as no surprise that Sleep Depot has succumbed to the adverse trading environment being endured by the sector. With trading conditions worsening, the demise of Sleep Depot raises questions over the future of other smaller furniture specialists.

Published By Datamonitor
02 Apr 2008
Expert View
Expert View

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
CommentWire
CommentWire

Kingfisher: right move at the right time

Home improvement retailer Kingfisher is taking advantage of the current buoyancy in the direct property investment market in the UK to sell seven of its B&Q stores and lease them back at long term fixed rates. This should provide the retailer with much needed operational flexibility in the challenging DIY market as well as releasing cash to grow its business at a time when demand is weak.

Published By Datamonitor
18 Jul 2006
Expert View
Expert View

Kingfisher: positive results but tough times ahead

Home improvement retailer Kingfisher has experienced a largely positive 2010 so far, with retail profit boosted by an increased focus on cost efficiency and cash generation. However, with its key markets - particularly the UK and Ireland - showing no imminent signs of significant upturn, 2010 is shaping up to be a difficult year for the group.

Published By Datamonitor
26 Mar 2010
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

Kingfisher: B&Q upsets a good performance

On the surface, Kingfisher's results look promising, with a 6.4% rise in total sales, helped by a 1.9% like-for-like improvement, but beneath this, the Group has a number of underperforming divisions it needs to address. Crucially, this includes B&Q in the UK, and with an uncertain economic outlook in the UK, B&Q has its work cut out.

Published By Datamonitor
30 Nov 2007
CommentWire
CommentWire

Jysk: UK entry is a bold move

Jysk, the successful value-led homewares retailer, has entered the UK, locating its first two stores in Lincoln and Mansfield. Despite the current doom and gloom, Jysk is confident that it can crack the UK market with its value-led approach. However, with an unfamiliar brand and tough market conditions as consumers reign in non-essential spend, Jysk has got its work cut out.

Published By Datamonitor
04 Apr 2008
CommentWire
CommentWire

John Lewis: new format development

With its full-line department store pipeline on hold due to developers' problems, John Lewis has looked at alternative options and produced a smaller store format that will sell home and electronic products only. While this strategy will offer growth opportunities and threaten competitors, there is a danger that the retailer may cannibalize its own sales.

Published By Datamonitor
08 May 2009

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