Latest Intelligence on Housewares

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Type Product title / description Pub Price
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Expert View

UK retail: cold snap brings hopes of Christmas cheer

John Lewis indicated that sales had surged in the past five weeks, providing hope that Christmas trading may be better than last year. The company's sales last week rose by 5.8 % to GBP62 million against a year ago. While the performance must be encouraging for John Lewis, its rivals must still be hopeful that the Christmas spirit cold weather engenders will drive consumers into the shops.

Published By Datamonitor
22 Nov 2005
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
Expert View
Expert View

Marks & Spencer: on the road to recovery

Marks & Spencer has enjoyed its best Christmas for two years, vindicating the widely held view that the resurgent British retailing icon would prove one of the festive season's winners. However, some analysts now suggest that having proven itself over Christmas, M&S is due a period of consolidation.

Published By Datamonitor
11 Jan 2006
CommentWire
CommentWire

ScS Upholstery: so far, so good

Despite the stories of doom and gloom pervading the furniture retail sector in recent months, it has not all been bad news. Sofa retailer ScS Upholstery has reported a 4% rise in like-for-like sales orders for the first 17 weeks of its financial year, in spite of the slow housing market.

Published By Datamonitor
07 Feb 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

Bhs: neglected retailer in need of investment

Philip Green has admitted that Bhs profits are likely to be 30% lower than in 2004, as the clothing retailer is squeezed by value operators such as Primark and Peacocks. A lack of investment and a failure to create a strong brand proposition has left the chain trailing behind the cheaper newcomers.

Published By Datamonitor
03 Mar 2006
Expert View
Expert View

Matalan: new shoppers needed

UK retailer Matalan has reported that annual profits have fallen from GBP80.5 million to GBP36.3 million, warning that the tough trading conditions were likely to continue. Much of the decline was attributable to disappointing homewares sales and with rival retailers expanding, the company will have to work hard to attract new shoppers.

Published By Datamonitor
04 May 2006
Expert View
Expert View

ScS: World Cup prompts sofa sales concern

Sofa sales will suffer from a successful England campaign in this summer's World Cup, UK sofa retailer ScS Upholstery has warned. ScS revealed record interim results for the six months to March 31, but the warning reflects concerns that a traditionally slow second half will be further affected by the tournament.

Published By Datamonitor
17 May 2006
CommentWire
CommentWire

Land of Leather: solid business model will take retailer forward

Sofa specialist Land of Leather unveiled a solid set of full year results with a 4.5% like-for-like sales increase and an 18% rise in operating profit. While the current vogue for leather sofas has helped, a solid business model should ensure that Land of Leather does not become a fashion victim.

Published By Datamonitor
26 May 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

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