Furniture Village
This coverage examines Furniture Village’s operations and strategy within the UK retail market. Reporting highlights store openings and closures, product ranges, marketing campaigns, leadership decisions, and e-commerce initiatives that shape the brand’s position in the furniture and homeware sector. Insights are tailored for retail professionals monitoring consumer trends, competitive dynamics, and brand development in home and lifestyle retail.
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Oct- 2024 -18 OctoberNews-In-Brief
Today’s news in brief-18/10/24
Boohoo’s CEO, John Lyttle, is stepping down after five years, as the company embarks on a strategic review and secures a £222m debt refinancing deal. The retailer’s new debt facility includes a £125m revolving credit line and a £97m term loan, aimed at supporting future development. The announcement follows a…
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18 OctoberDepartment Stores
Furniture Village doubles employee profit share payouts
Furniture Village has doubled its employee profit share payouts following its strong trading performance for the year ended in June. After the retailer’s share buyback in October 2022, resulting in the business becoming 100% family owned, it implemented a companywide profit-sharing scheme known as the ‘Family Partnership’. The group’s full-year…
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Jul- 2024 -24 JulyDIY
Tapi confirms Carpetright store closure locations
The full list of 218 Carpetright stores set to close following the company’s acquisition by Tapi has been confirmed. Tapi has acquired the company’s IP as well as two warehouses and 54 of its stores saving 308 jobs. However, the details of the deal mean that 1,018 jobs across the…
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Jan- 2023 -25 JanuaryHigh Street
Furniture Village names new MD amid Board reshuffle
Furniture Village has strengthened its board of directors with several senior appointments from within, including founder Peter Harrison taking on the position of executive chairman, and his son, Charlie Harrison taking on the position of managing director. This follows on from the recent exit deal from its external shareholders BGF,…
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Apr- 2021 -27 AprilHigh Street
Furniture Village appoints new board member
Furniture Village has announced the appointment of Mike Broughton, the group’s IT and business development director, to its board of directors. Broughton has held senior IT positions for global corporations across multiple sectors, with his career highlights including roles at William Hill, Asda Walmart, Dixons Carphone, FSA and Barclays Bank.…
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Jul- 2019 -8 JulyAdvice
What’s required for a business in the retail sector to thrive?
Latest figures from the British Retail Consortium (BRC) show that retail sales in the UK fell by 2.7% in May 2019, compared to a year earlier. The total three-month average was also down year-on-year, reflecting the challenging environment for the sector. And yet, despite the shaky exterior, many retail businesses…
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