Opinion on Home Furniture and Housewares in Europe

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Type Product title / description Pub Price
CommentWire
CommentWire

HRG: spreading the risk

The benefits of a multi-channel, multi-fascia retail business were shown when the UK's HRG reported contrasting fortunes for its two retail brands, Homebase and Argos, over the last quarter. While there is a certain amount of crossover between the two businesses, each one's different focus helps insulate the group from poorly performing markets.

Published By Datamonitor
13 Sep 2007
Expert View
Expert View

Laura Ashley: tougher times ahead

Laura Ashley has reported increased sales, strong profit growth and improved margins for the 26 weeks to July 28, which, given the current economic climate, deserves praise. However, with speculation mounting about an impending financial crisis, the clothing and furnishings retailer will no doubt see tougher times ahead and must be realistic about how it can face these challenges successfully.

Published By Datamonitor
17 Sep 2007
CommentWire
CommentWire

ScS: feeling the pinch

With interest rate rises impacting big-ticket, discretionary purchases, sofa retailer ScS has had to work harder to convince customers to buy furniture. However, with a new advertising campaign, a keen focus on retail disciplines and further rises in base rates now looking less likely, ScS is in a strong position going forward.

Published By Datamonitor
25 Sep 2007
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
CommentWire
CommentWire

H&M: homewares delay

With like-for-like growth at 5.5% for the nine months to August 31, the recent move into China on track, and more store openings due for the fourth quarter, the outlook for fashion retailer H&M should be bright. However, the delay in introducing its dedicated homewares offer means the Swedish retailer is falling further behind its main competitor Inditex.

Published By Datamonitor
28 Sep 2007
Expert View
Expert View

Home Retail Group: repositioning Homebase for the future

Home Retail Group has released its interim results for the six months to September 1, 2007 and has much to be proud about, with Argos sales up 4.7% and Homebase extending its appeal with new product ranges and more aspirational store environments. However, with competition growing across its core markets, Homebase in particular will need to run just to stay still.

Published By Datamonitor
24 Oct 2007
CommentWire
CommentWire

Dreams: strong performance to continue

Bed specialist Dreams has an enviable track record of both sales and profit growth and the retailer, if sold, could be worth as much as GBP250 million. Whatever the future ownership of the business, it is likely its outstanding performance will continue.

Published By Datamonitor
26 Oct 2007
Expert View
Expert View

Furniture retailers braced for slowdown after resilient 2007 performance

Despite a looming economic downturn, furniture & floorcoverings retailers have enjoyed a rise in sales in 2007, according to the latest report by Verdict Research. The retail analysts estimate that the UK furniture & floorcoverings market will grow at its fastest pace for three years in 2007. However, stripping out the sales boost from higher inflation, year-on-year volume growth will be lower.

Published By Datamonitor
27 Nov 2007
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

ScS: bleak outlook amid tough year

ScS Upholstery has cast a further shadow over the current UK retail climate, posting disappointing sales for the first 17 weeks of fiscal 2007/08. Hit by rising interest rates and delicate consumer confidence, strategies outlined earlier in the year are failing to bear fruit. And, with 2008 forecast to be a tough year, ScS needs to work harder at repositioning the business.

Published By Datamonitor
04 Dec 2007

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