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.
-
Retail Navigator Analysis
Furniture Village (Overview)
Furniture Village is an independent furniture specialist which trades from just over 50 stores across England.
-
Retail Navigator Analysis
Furniture Village (Strategy)
Furniture Village’s strategy is built on the “synergistic relationship” between its stores and its online presence. While it experienced “substantial growth in participation of online orders during the pandemic”, the retailer says most customers still prefer to “touch and feel” their furniture before purchasing, so stores remains its most important channel.
-
Retail Navigator Analysis
Technology strategy at Furniture Village
Underlining the importance of technology to the business, IT and business development director Mike Broughton, who was brought in as director of digital innovation and IT in 2018, was given a seat on the board in 2021.
-
Retail Navigator Analysis
Furniture 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.
-
Retail Navigator Analysis
Furniture 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.
-
Retail Navigator Analysis
Stores at Furniture Village
A cautious expansion programme has been resumed from 2021 with a total of 55 stores being operated at the end of 2022.
-
Retail Navigator Analysis
Furniture Village (Financials)
Total Furniture Village sales came in at £474.9m over the 66 weeks to end June 2022. On a pro-rata basis, annualised sales would have been of the order of £375m, an increase of nearly 50% on the previous Covid-impacted financial year.
-
Retail Navigator Analysis
Ecommerce at Furniture Village
Furniture Village sees growth in ecommerce as a central pillar of its future multichannel strategy, although an important aspect of the online site is to drive customers into stores.
-
Retail Navigator Analysis
Customer and marketing at Furniture Village
Furniture Village is positioned at the mid to upper end of the volume furniture market.
-
Retail Navigator Analysis
Supply chain at Furniture Village
The retailer’s 100,000 sq ft national distribution centre in Milton Keynes is the hub of the organisation, distributing between 10 and 20 containers of furniture and accessories per day to satellite warehouses across the country.
-
Retail Navigator Analysis
Furniture Village (Outlook)
Despite a solid first half in FY2023, the outlook for the full year remains uncertain given the ongoing cost-of-living crisis which has dented consumer confidence – especially for big ticket items such as furniture.
-
News
UK 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.
-
News
Furniture 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”.
-
News
Carpetright joins forces with Furniture Village
Carpetright has unveiled a new partnership with Furniture Village and opened its first concession with the furniture retailer.
-
News
Furniture 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’.
-
Data
Data: 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.
-
News
Furniture 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.
-
Analysis
Analysis: 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.
-
News
Furniture 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.