Latest Intelligence on Home Furniture and Housewares in United Kingdom

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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
Expert View
Expert View

Woolworths: back to basics

Woolworths' new CEO, Steve Johnson, has outlined a strategy for turning the ailing retailer's fortunes around by focusing on the customer, store disciplines, product availability and value perceptions, while also simplifying the business. While these initiatives are essential to put the business on a stable footing, they may only prolong Woolworths' survival, rather than ensure its future.

Published By Datamonitor
17 Sep 2008
CommentWire
CommentWire

Wilkinson: good value for money

Wilkinson's results continue the trend of positive announcements from value-led retailers, with the economic downturn fostering an increased frugality among consumers. The demise of Woolworths has also presented a number of opportunities for general merchandisers, with the growing plethora of high street-based value-led propositions very much emerging as winners during the recession.

Published By Datamonitor
04 Sep 2009
CommentWire
CommentWire

Wickes: new ranges to build market share

Rather than follow rivals B&Q and Homebase and adopt a softer positioning, Wickes is reinforcing its trade oriented and serious DIY-er credentials. While it makes sense to play to its strengths, the company will need to fight hard to raise its share in kitchens and bathrooms in a fiercely competitive market.

Published By Datamonitor
16 Oct 2006
Expert View
Expert View

Westfield London may take share of wallet from London's West End retailers

Westfield London has been in development for 15 years and offers an impressive retail experience, yet it could not have opened at a worse possible time. Although the strong mix of retailers and services offered will help it to attract custom, with consumers taking a measured approach to their shopping, any money going through the tills will come at the expense of spending elsewhere.

Published By Datamonitor
04 Nov 2008
Expert View
Expert View

Verdict on the credit crunch: home retailing

The current downturn in home-related retail began with the credit crisis fueling deterioration in consumer confidence, and wider market turmoil has only exacerbated concerns. Following the most torrid period for decades, the future will be no better. However, survivors will be in a stronger position, with fewer competitors.

Published By Datamonitor
29 Sep 2008
Expert View
Expert View

VAT rise: another damper on already cautious spenders

While the UK government's move to increase VAT to 20% in January 2011 will reduce volumes and add to inflationary pressures in retail, the effect will be minimal given that consumer spending habits are already changing, with shoppers being more cautious and value-conscious. As retailers pre-empt the VAT increase to prepare shoppers, Verdict expects to see prices rise in the latter half of 2010.

Published By Datamonitor
25 Jun 2010
CommentWire
CommentWire

United Carpets: a rare success story in a troubled sector

United Carpets has reported sales of GBP21.2 million and pre tax profits of GBP1.5 million for the fiscal year ending 31 March 2008, representing growth on last year of 8.3% and 46.8% respectively. While it is currently performing well, United Carpets may find achieving a similar performance harder over the next 12 months.

Published By Datamonitor
24 Jul 2008
CommentWire
CommentWire

UK workforce: rise in employment of over 50s in the retail sector

The Employers Forum on Age, which represents 245 companies across the UK, says a growing number of older people are coming out of retirement and entering the workforce. A new law being introduced in October bans discrimination on age. This not only has the potential to extend our working live and changes the future of retirement, it also challenges employers on how to manage their workforce.

Published By Datamonitor
14 Jun 2006
CommentWire
CommentWire

UK retail: competition authority must think of consumers' best interests

The Women's Institute is lobbying the UK Competition Commission to scrutinize all food retailers with a market share above 1%. However, while the WI's motivation may be positive, consumers are clearly keen on the benefits that supermarkets can bring and their wishes should not be ignored.

Published By Datamonitor
26 Jun 2006

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