Pepco main contributor to Steinhoff turnover growth
24.07.2020 − Turnover generated by Pepco Group (+12% to €3.4bn) was the main contributing factor to the 5% growth in total turnover from continued activities that was recorded by Steinhoff to €12bn.» more
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Spain imports less living room furniture in Q1
20.07.2020 − In the first quarter Spanish imports of living room furniture decreased by 3.7% to €770.5m.» more
US manufacturers: significant declines in orders
16.07.2020 − Against the backdrop of the corona crisis, incoming orders in April for US furniture manufacturers in the residential sector plummeted by 61% to US$884m.» more
France: furniture trade turnover plummeted
15.07.2020 − Corona-related closure of traditional retail stores caused a collapse in turnover of 84.9% for the French furniture trade in April. » more
US sales of kitchen/bathroom cabinets declined
13.07.2020 − US manufacturers of kitchen and bathroom cabinets were confronted with significant declines in April. » more
Turnover of US furniture trade drops by one fifth in May
06.07.2020 − In May turnover of the US furniture retail trade, adjusted to account for seasonal effects and the different number of trading days, dropped by 21.5% to US$7.722bn.» more
Swedish furniture exports similar to last year
02.07.2020 − In the first quarter Swedish furniture exports, at SEK4.576bn, were at approximately the same level as last year. » more
Wren Kitchens plans to open twelve new stores
30.06.2020 − In July and August British kitchen furniture manufacturer Wren Kitchens plans to open four showrooms in Worcester, Wakefield, Wolverhampton and Peterborough. » more
American Woodmark’s profit impaired by stoppages
29.06.2020 − The net profit of the US kitchen and bathroom-furniture manufacturer American Woodmark fell by 9m US$ in the fourth quarter of its business year 2019/2020 to 13.0m US$:» more
Q1 kitchen exports correspond to preceding year
26.06.2020 − In the first quarter, German kitchen furniture exports very slightly exceeded the preceding year’s figure, by 0.2% to €509.1m. » more
Turnover decline in furniture industry continues
25.06.2020 − Turnover development in the German furniture industry, which had already been declining in January and February, continued at a slightly slower pace in March. » more
Conforama: But offer could be submitted soon
22.06.2020 − The trade unions of French furniture retail chain Conforama meanwhile prefer a takeover by competitor But International to a state-guaranteed loan. » more
Kitchen furniture industry expects subdued demand
19.06.2020 − After the majority of German kitchen furniture manufacturers had concluded the first quarter with increases in incoming orders, demand slackened off considerably in the following weeks.» more
US furniture imports decline by 7%
15.06.2020 − In the first quarter US furniture imports decreased by 7% to US$11.574bn vis à vis the comparative quarter last year.» more
Demand for kitchens slackens off in China
12.06.2020 − Within the scope of the corona crisis demand for kitchens in China has slackened off quite noticeably. » more
Knoll’s sales revenues reduced by works closures
01.06.2020 − The works closures in the USA and Italy in the second half of March in connection with the corona crisis have reduced the sales revenue of the US office furniture manufacturer Knoll by roughly 12m $. » more
Short-time work at 80% of furniture manufacturers
28.05.2020 − In April 2020, as expected, the temporary closure of the brick-and-mortar furniture trade led to relatively extensive consequences for the German furniture industry.» more
US furniture industry records turnover rise in February
21.05.2020 − Following a 3% decline in January 2020, turnover of the US furniture industry in the residential area increased again in February by 4% to US$2.219bn in February. » more
Furniture manufacturers introduced short-time working
18.05.2020 − As expected, the temporary cessation of stationary furniture trading in April led to far-reaching effects on the German furniture industry; just under 80% of the companies introduced short-time working.» more
Polish furniture exports up 5% in fourth quarter
14.05.2020 − In the fourth quarter of 2019 Polish furniture exports increased by 5% to €3.005bn. » more
Steinhoff postpones balance sheet date and AGM
20.04.2020 − Steinhoff International Holdings will not publish the audited consolidated financial statements for the 2019 financial year on April 30 as planned, but probably two months later on June 30.» more
Kitchen furniture exports increase by 2.2%
20.03.2020 − In 2019 German kitchen furniture exports increased by 2.2% vis à vis the previous year to €2.092bn.» more
Furniture industry records turnover rise in December
18.03.2020 − Following the negative development recorded in October (-1.5%) as well as November (-3.9%), in December turnover of the German furniture industry actually surpassed the preceding year’s figure again.» more