Opinion on Furniture

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Type Product title / description Pub Price
Expert View
Expert View

World of Sofas: cashing in on spare capacity

Despite the deepening recession and consumer confidence falling to new lows, the founders of Land of Leather are planning a comeback. Trading under the World of Sofas fascia, the new business hopes to capitalize on cheap rents, low shipping costs and spare capacity. There are obvious motivations behind the timing, but establishing a new brand in the current climate is risky and arguably too hasty.

Published By Datamonitor
17 Mar 2009
CommentWire
CommentWire

ScS: growth story continues

While ScS reported how pleased it was with the increase in like-for-like sales in its trading update, it does mark a slowdown in comparative sales growth for the retailer. ScS will have to work harder in order to continue the rapid growth it has achieved in recent years and consider strategies other than expansion to drive sales growth.

Published By Datamonitor
10 Oct 2006
CommentWire
CommentWire

ScS: gaining competitive advantage through physical expansion

An aggressive store opening program has paid dividends for ScS as sales jumped 24% on the back of 21 new store openings. However, stripping out the effect of these new openings, like-for-like sales grew a mere 1%. In a challenging market characterized by little growth, increasing space must be at the heart of ScS' strategy.

Published By Datamonitor
22 Nov 2006
Expert View
Expert View

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

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

ScS: bad times continue

ScS has revealed that despite an 11% increase in sales orders, underlying sales have fallen by 9% in the six months to March 31. With a further interest rate rise virtually certain next month, ScS and the rest of the sector are entering a turbulent trading period which will severely test the strength of its propositions.

Published By Datamonitor
16 Apr 2007
CommentWire
CommentWire

PPR: outstanding 2007 performance

French group PPR achieved strong growth in 2007; overall revenues grew by 16.1% to E19.8 billion, or 7% on a like-for-like basis. As the group's 2007 operations were impacted upon by the acquisition and integration of Puma, it is clear that the company has not taken its eyes off the ball. Although PPR's future outlook is broadly positive, worries remain about Conforama and Redcats.

Published By Datamonitor
27 Feb 2008
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

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
Expert View
Expert View

MFI: new owners face a tough challenge

Venture capitalist group Merchant Equity Partners has agreed to buy MFI's retail operations, intending to turn round the ailing furniture retailer and sell it on for up to GBP500 million in five years. Although an ambitious target, the heavyweight team assembled by MFI means it may just be able to pull it off.

Published By Datamonitor
25 Sep 2006

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