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Consumer confidence ebbs amid Covid-19 resurgence

[ad_1] GfK’s Consumer Confidence Index decreased six points to -31 in October. All measures decreased, a likely reaction to the Government’s announcement on 25th September, which heralds the threat of a double-dip in UK consumer confidence, says GfK. Joe Staton, GfK’s client strategy director, says: “There’s a worrying threat of a double-dip in consumer confidence as concerns for our personal financial situation […]

AIS set to evolve under new MD

[ad_1] Buying group Associated Independent Stores (AIS) has appointed a new MD as part of a wider transformational agenda which includes the creation of a new Furniture and Home division. Sue Kemp brings more than 30 years’ experience in retail- and customer-focused industries such as Merlin Entertainments and Marks and Spencer to the AIS team, following Sheila Cooper’s retirement after 40 […]

Short-term growth ahead of uncertain times, warns BFM

[ad_1] The latest British Furniture Manufacturers’ (BFM) Economic Review points to a third of the British public spending more on home improvements – including furniture – in case of further lockdown restrictions. MD of the BFM, Nick Garratt, has examined reports from the British Retail Consortium (BRC), the Bank of England and the EY Item […]

NBF warns of price rises and delivery disruption

[ad_1] The bed industry is warning of disruptions to deliveries this side of Christmas and unavoidable price rises as manufacturers face increasing difficulties getting hold of supplies of raw materials, reports the National Bed Federation (NBF). Spring units, foam and timber are among the components particularly affected. The message, from the NBF to bed retailers, follows Wednesday’s […]

Avoiding the insolvency snare

[ad_1] The Government recently introduced legislation changes to help resuscitate the economy, writes Wright Hassall’s Lindsay Ellis – but while many are simple, some are more complicated, with far-reaching consequences for the unwary … One of the most significant changes appears in Section 233B of the Insolvency Act 1986 (introduced by the recent Corporate Insolvency […]

Tightening restrictions hinders retail footfall in September

[ad_1] According to BRC-ShopperTrak data, YoY UK footfall decreased by -30.1% in September, with only a +4.7 percentage point improvement from August.  Footfall on high streets declined by -36.9% YoY. They were the most negatively affected location in September, again falling below shopping centres for the second time since April 2018. Retail parks saw footfall decrease […]

Collins & Hayes – 150 years of winning designs

[ad_1] The sixth edition of The Furniture Awards, which took place at this year’s January Furniture Show, saw exhibiting hopefuls put their best foot (well, new range) forward in a bid to be crowned best in class. The deserving winner of this year’s Upholstery category was Collins & Hayes, for its entry, Bailey & Banks … Since […]

Austrian retail outlets now under JYSK umbrella

[ad_1] The 87 stores of retail chain Dänisches Bettenlager Austria are now officially named JYSK, in a move which embraces the latter’s new store concept. ”By changing the name to JYSK, the Austrian stores will now also benefit from the store concepts and systems that worldwide have led to JYSK’s success,” says JYSK’s CEO and […]

Consumers will bear brunt of no-deal Brexit, says BRC-Nielsen

[ad_1] Shop prices fell by -1.6% in September, a steady rate of decline as in August, the latest BRC-Nielsen Shop Price Index has found. Non-food prices fell by -3.2%, compared to a decline of -3.4% in August. BRC chief executive Helen Dickinson OBE says: “Consumers can celebrate yet another month of falling shop prices, particularly in the non-food ranges such as […]

Sector quick to back consumer campaign, says BFC

[ad_1] Furniture and bed retailers and manufacturers have been quick to back the BFC’s month-long campaign to Buy the Best, Buy British, Save Jobs – according to the British Furniture Confederation (BFC), which, in partnership with the National Bed Federation (NBF) and British Furniture Manufacturers (BFM), has masterminded the campaign. Jonathan Hindle, chairman of the […]