All Furniture Village articles
Furniture Village was founded in 1989 and now operates 55 stores across the UK. Its key focus is quality rather than price. It mainly sells sofas and suites, as well as beds, bedroom furniture, dining and occasional furniture. It has built its offering around well-known brands, for example Parker Knoll sofas and Tempur mattresses, as well as its own-label ranges. The retailer launched a revamped ecommerce platform in 2016 and also rolled out technologies such as beacons, analytics and mobile apps across stores.
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Retail Navigator AnalysisFurniture Village (Overview)
Furniture Village is an independent furniture specialist, which trades from just over 50 stores across England. It returned to private family ownership in December 2022 after it bought out former owner BFG – formerly the Business Growth Fund – which had owned the business since 2014.
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Retail Navigator AnalysisFurniture Village (SWOT)
Having previously been under-represented in certain parts of the country, Furniture Village is now satisfied it has sufficient geographical coverage across England after increasing its store estate to more than 50 locations.
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Retail Navigator AnalysisFurniture Village (People)
Founder’s son Charlie Harrison has become managing director from January 2023, stepping up to the helm from his previous role as commercial director following the retailer’s return to private ownership at the end of 2022.
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Retail Navigator AnalysisFurniture Village (Financials)
Furniture Village delivered a robust set of financial results for the 52 weeks to 2 July 2023 (FY2022) with sales of £358.8m. The prior year, sales came in at £474.9m over the 66 weeks to end June 2022 – an increase of nearly 50% on an annualised basis. Due to the differing time periods – comparisons for FY2021 and FY2022 will not be provided.
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NewsUK furniture stores set to reopen for bank holiday trading
Furniture Village and DFS are both planning to reopen stores in time for the bank holiday weekend.
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NewsFurniture Village reports sixth consecutive year of growth
Furniture Village posted an increase in turnover as losses narrowed in its full-year results despite “subdued consumer confidence”.
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NewsCarpetright joins forces with Furniture Village
Carpetright has unveiled a new partnership with Furniture Village and opened its first concession with the furniture retailer.
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NewsFurniture Village warns on market as profits slump
Furniture Village’s bottom line was dented last year as it invested to defend itself against a ‘deteriorating economic backdrop’.
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DataData: The UK’s top 30 retailers by productivity
Retail Week Prospect ranks the top 30 most productive retailers in the UK, measured by sales per employee.
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NewsFurniture Village grows profits and store footprint
Furniture Village said its expansion plans were “firmly on course” as it posted a 13% uplift in full-year EBITDA, excluding exceptionals, to £9.6m.
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AnalysisAnalysis: BRC-KPMG March Retail Sales Monitor, sector by sector
UK retail sales were flat in March while like-for-likes edged down 0.7%, according to the BRC-KPMG Retail Sales Monitor.
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NewsFurniture Village profits surge as it gears up for website relaunch
Furniture Village has recorded a surge in profits for the year and cleared its bank debts as it gears up to relaunch its website.
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NewsCarpetright overhauls logo as it aims to appeal to more affluent customers
Carpetright has revealed it is testing a new logo as it aims to appeal to more customers without alienating its existing shoppers.
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NewsFurniture Village hires former Dreams director Greg Suthern as COO
Furniture Village has appointed former Dreams and DFS director Greg Suthern to the newly created role of chief operating officer.
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NewsFurniture Village appoints ombudsman chair Stephen McPartland MP to board
Furniture Village has appointed Stephen McPartland MP to its board to tap into his experience as chairman of The Furniture Ombudsman.
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AnalysisSecrets of success: Leading retailers reveal what got them to the top
Chief executives from Waitrose, Asda and Shop Direct tell Retail Week about the people and experiences that got them where they are today.
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NewsFurniture Village swings back to pre-tax profit after realigning margins
Furniture Village has swung to a pre-tax profit of £1.6m for the year following a loss last year, on the back of improving margins.
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NewsFurniture Village updates image to target younger shoppers amid investment
Furniture Village is updating its logo to target younger shoppers as it expands its stores after securing a £6m investment from the Business Growth Fund.
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NewsFurniture Village plots expansion after securing £6m investment
Furniture Village has secured a £6m investment from the Business Growth Fund (BGF), which will help it accelerate store expansion.
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NewsBreakfast briefing: Retail news on footfall, Amazon, Furniture Village and East
Retail news round-up on August 26, 2014: Footfall plunges over rainy Bank Holiday, Furniture Village gets £6m investment, Amazon acquires gaming firm and more.