Abstract
Introduction
Verdict Research: This report takes an in depth look at the UK furniture &
floorcoverings retail market in 2007. It looks separately at both the
furniture and floorcoverings sectors, the key players in the market, and at
the key factors impacting their performance.
Scope of this report
- Comprehensive market coverage - 10 years' data on furniture &
floorcoverings expenditure.
- Market shares and key operating statistics of leading specialist and
non-specialist operators.
- Retailer profiles include sales, operating profit and margins, sales per
sq ft, store and space growth plus retail operations and company outlook.
Research and analysis highlights
2007 is set to be a robust year for the furniture & floorcoverings market
despite five interest rate rises over the last 18 months. Consumer confidence
remained high particularly during the first half with customers continuing to
make big ticket purchases. However, the second half of the year has been
tougher.
After gaining furniture market leadership in 2006 Argos has consolidated its
position as the UK' s number one furniture retailer. Additional stores and the
continued development of its multi-channel strategy have been the key reasons
for its success.
The floorcoverings sector has had another disappointing year. Though the
performance of the housing market and the five interest rate rises have
impacted the market, the most significant brake on the floorcoverings sub
sector is the lack of innovation and excitement in both the products
themselves, and the retailing of them.
Key reasons to read this report
- Benchmark performance across the sector on key operating parameters using
unique market share data, comparable sales densities and operating margins.
- Make informed strategic decisions using this report' s 10 year datasets
displaying the market' s evolution.
- Be aware of the challenges that face all operators in the market as well
those of different retail formats to ensure productive, growth plans.
Table of Contents
CHAPTER 1 EXECUTIVE SUMMARY
- Key Findings
- Main Conclusions
CHAPTER 2 MARKET ANALYSIS
- Market Definition
- Furniture & Floorcoverings Expenditure
- Furniture & Floorcoverings Growth
- Furniture & Floorcoverings Inflation
- Furniture & Floorcoverings Breakdown
- Furniture Specialists
- Floorcoverings Specialists
- Key Drivers
- Housing Market
- Housing Equity Withdrawal
- Channels of Distribution
CHAPTER 3 COMPANY DATA ANALYSIS
- Furniture Market Shares
- Floorcoverings Market Shares
- Key Operating Statistics
- Advertising
CHAPTER 4 OUTLOOK
- Economic outlook
- Margin Pressure
- Differentiation From Competition Remains Key
- A More Focused Approach?
- Moving Away From a Discounting Emphasis
- New Home Formats Increase Pressure on Specialists
- Furniture Retailers Improve Green Credentials
- Market Collaboration Drives Growth in Floorcoverings
- Buoyant Beds Sector
- Challenge To Build Customer Loyalty and Relationships
- Online Opportunities
CHAPTER 5 ALLIED CARPETS
- Company Overview
- Market Share
- Trading Record
- Store Portfolio
- Retail Proposition
- Outlook
CHAPTER 6 B&Q
- Company Overview
- Market Shares
- Trading Record
- Store Portfolio
- Retail Proposition
- Outlook
CHAPTER 7 CARPETRIGHT
- Company Overview
- Market Share
- Trading Record
- Store Portfolio
- Retail Proposition
- Outlook
CHAPTER 8 DFS
- Company Overview
- Market Share
- Trading Record
- Store Portfolio
- Retail Proposition
- Outlook
CHAPTER 9 DREAMS
- Company Overview
- Market Share
- Trading Record
- Store Portfolio
- Retail Proposition
- Outlook
CHAPTER 10 FURNITURE VILLAGE
- Company Overview
- Market Share
- Trading Record
- Store Portfolio
- Retail Proposition
- Outlook
CHAPTER 11 HOME RETAIL GROUP
- Company Overview
- Market Shares
- Trading Records
- Argos Recent Trading
- Homebase Recent Trading
- Store Portfolios
- Retail Propositions
- Outlooks
CHAPTER 12 HOMEFORM GROUP
- Company Overview
- Market Share
- Trading Record
- Store Portfolio
- Retail Proposition
- Outlook
CHAPTER 13 HOMESTYLE GROUP
- Company Overview
- Market Shares
- Trading Record
- Store Portfolio
- Retail Proposition
- Outlook
CHAPTER 14 IKEA
- Company Overview
- Market Shares
- Trading Record
- Store Portfolio
- Retail Proposition
- Outlook
CHAPTER 15 JOHN LEWIS
- Company Overview
- Market Shares
- Trading Record
- Six Months to July 2007
- Current Trading
- Store Portfolio
- Retail Proposition
- Outlook
CHAPTER 16 LAND OF LEATHER
- Company Overview
- Market Share
- Trading Record
- Store Profile
- Retail Proposition
- Outlook
CHAPTER 17 MAGNET
- Company Overview
- Market Share
- Trading Record
- Store Portfolio
- Retail Proposition
- Outlook
CHAPTER 18 MFI
- Company Overview
- Market Share
- Trading Record
- Store Portfolio
- Retail Proposition
- Outlook
CHAPTER 19 NEXT
- Company Overview
- Market Share
- Trading Record
- Store Portfolio
- Retail Proposition
- Outlook
CHAPTER 20 SCS
- Company Overview
- Market Share
- Trading Record
- Store Portfolio
- Retail Proposition
- Outlook
CHAPTER 21 SMALLER FURNITURE & FLOORCOVERINGS RETAILERS
- Overview
- Market Shares
- Trading Records
- Trading Records
- Store Profiles
- Floors-2-Go
- Focus
- Habitat
- ILVA
- M&S
- Reid Furniture
- Topps Tiles
- Wickes
CHAPTER 22 GLOSSARY
- Financial Statistics - VAT
- Trading Profile
- Physical Development
- Abbreviations
- List of Tables
- Table 1: Furniture & floorcoverings market definition 2007
- Table 2: Consumer expenditure on furniture & floorcoverings 1997-2007e
- Table 3: Furniture specialists sales and space 1997-2007e
- Table 4: Floorcoverings specialists sales and space 1997-2007e
- Table 5: Furniture & floorcoverings channels of distribution 2002 & 2007e
- Table 6: Leading furniture retailers market shares 2001-2007e
- Table 7: Leading floorcoverings retailers market shares 2001-2007e
- Table 8: Leading furniture & floorcoverings retailers key operating
statistics - Sales 2006/07
- Table 9: Leading furniture & floorcoverings retailers key operating
statistics - Stores 2006/07
- Table 10: Furniture & floorcoverings specialists advertising media
expenditure 2001-2006
- Table 11: Leading furniture & floorcoverings retailers advertising spend
by medium 2006
- Table 12: Allied Carpets company overview 2007
- Table 13: Allied Carpets key operating statistics 2002-2007e
- Table 14: Allied Carpets trading record 1997-2007e
- Table 15: Allied Carpets store portfolio 1997-2007
- Table 16: Allied Carpets space allocation 2007
- Table 17: Allied Carpets retail proposition 2007
- Table 18: B&Q company overview 2007
- Table 19: B&Q key operating statistics 2002-2007
- Table 20: B&Q trading record 1997-2007
- Table 21: B&Q store portfolio 1997-2007
- Table 22: B&Q retail proposition 2007
- Table 23: Carpetright company overview 2007
- Table 24: Carpetright key operating statistics 2002-2007
- Table 25: Carpetright UK & Ireland trading record 1997-2007
- Table 26: Carpetright UK & Ireland store portfolio 1997-2007
- Table 28: Carpetright retail proposition 2007
- Table 29: Carpetright space allocation 2007
- Table 27: Carpetright store profile - April 2006 to April 2007
- Table 28: DFS company overview 2007
- Table 29: DFS key operating statistics 2002-2007e
- Table 30: DFS trading record 1997-2007e
- Table 31: DFS store portfolio 1997-2007e
- Table 32: DFS retail proposition 2007
- Table 33: DFS space allocation 2007
- Table 34: Dreams company overview 2007
- Table 35: Dreams key operating statistics 2003-2007
- Table 36: Dreams trading record 2001-2007e
- Table 37: Dreams store portfolio 2001-2007e
- Table 38: Dreams retail proposition 2007
- Table 39: Furniture Village company overview 2007
- Table 40: Furniture Village key operating statistics 2002-2007
- Table 41: Furniture Village trading record 1997-2007
- Table 42: Furniture Village store portfolio 1997-2007
- Table 43: Furniture Village retail proposition 2007
- Table 44: Furniture Village space allocation 2007
- Table 45: Home Retail Group overview 2007
- Table 46: Argos key operating statistics 2002-2007
- Table 47: Homebase key operating statistics 2002-2007
- Table 48: Home Retail Group trading record 2001-2007
- Table 49: Argos trading record 1997-2007
- Table 50: Homebase trading record 1997-2007
- Table 51: Argos store portfolio 1997-2007
- Table 52: Homebase store portfolio 1997-2007
- Table 53: Argos catalogue space allocation Autumn/Winter 2006 and 2007
- Table 54: Argos retail proposition 2007
- Table 55: Homebase retail proposition 2007
- Table 56: HomeForm company overview 2007
- Table 57: HomeForm key operating statistics 2003-2006e
- Table 58: HomeForm trading record 1996-2006e
- Table 59: HomeForm Group divisional trading record 1996-2006e
- Table 60: HomeForm estimated store portfolio 1996-2006
- Table 61: HomeForm retail proposition 2007
- Table 62: Homestyle company overview 2007
- Table 63: Homestyle key operating statistics 2002-2007
- Table 64: Homestyle trading record 2002-2007e
- Table 65: Divisional trading record 2002-2007e
- Table 66: Homestyle furniture division store numbers 2003-2007
- Table 67: Homestyle beds division store numbers 2003-2007e
- Table 68: Homestyle store analysis June 2007
- Table 69: Homestyle retail proposition 2007
- Table 70: Harveys space allocation 2007
- Table 71: IKEA company overview 2007
- Table 72: IKEA key operating statistics 2002-2007e
- Table 73: IKEA UK turnover record 1997-2007e
- Table 74: IKEA store portfolio 1997-2007e
- Table 75: IKEA store locations and year of opening 1987-2007
- Table 76: IKEA space allocation 2007
- Table 77: IKEA retail proposition 2007
- Table 78: John Lewis company overview 2007
- Table 79: John Lewis key operating statistics 2002-2007
- Table 80: John Lewis Stores trading record 1997-2007
- Table 81: John Lewis store portfolio 1997-2007
- Table 82: John Lewis opening plans 2008-2013
- Table 83: John Lewis relocation plans 2007-2011
- Table 84: John Lewis retail proposition 2007
- Table 85: John Lewis furniture & floorcoverings space allocation 2007
- Table 86: Land of Leather company overview 2006
- Table 87: Land of Leather key operating statistics 2002-2007
- Table 88: Land of Leather trading record 2000-2007
- Table 89: Land of Leather store profile 2002-2007
- Table 90: Land of Leather concessions, July 2007
- Table 91: Land of Leather space allocation 2007
- Table 92: Land of Leather retail proposition 2006
- Table 93: Magnet company overview 2007
- Table 94: Magnet key operating statistics 2002-2007e
- Table 95: Magnet trading record 1997-2007e
- Table 96: Magnet store portfolio 1997-2007e
- Table 97: Magnet space allocation 2007
- Table 98: Magnet retail proposition 2007
- Table 99: MFI company overview 2007
- Table 100: MFI key operating statistics 2003-2007e
- Table 101: MFI UK Retail trading record 1997-2007e
- Table 102: MFI UK retail store portfolio 1997-2007e
- Table 103: MFI space allocation 2006
- Table 104: MFI retail proposition 2007
- Table 105: Next company overview 2007
- Table 106: Next key operating statistics 2002-2007
- Table 107: Next Group trading record 1997-2007
- Table 108: Next Brand* sales breakdown 2003-2007
- Table 109: Next UK store profile 1997-2007e
- Table 110: Next space allocation 2007
- Table 111: Next retail proposition 2007
- Table 112: ScS company overview 2007
- Table 113: ScS key operating statistics 2002-2007
- Table 114: ScS trading record 1997-2007
- Table 115: ScS store portfolio 1997-2007
- Table 116: ScS retail proposition 2007
- Table 117: ScS space allocation 2007
- Table 118: Smaller furniture & floorcoverings retailers furniture and
floorcoverings market shares 2007e
- Table 119: Smaller furniture & floorcoverings retailers sales and
operating margins 2006/07e
- Table 120: Smaller furniture & floorcoverings retailers store portfolios
2006/07e
- Table 121: Floors-2-Go company overview 2007
- Table 122: Focus company overview 2007
- Table 123: Habitat company overview 2007
- Table 124: ILVA company overview 2007
- Table 125: M&S company overview 2007
- Table 126: Reid Furniture company overview 2007
- Table 127: Topps Tiles company overview 2007
- Table 128: Wickes company overview 2007
- List of Figures
- Figure 1: Furniture & floorcoverings and total retail growth 1997-2007e
- Figure 2: Furniture & floorcoverings retail growth by subsector
1997-2007e
- Figure 3: Furniture, floorcoverings and total retail implied
inflation/deflation 1997-2007e
- Figure 4: Furniture by product category 2007
- Figure 5: Floorcoverings by product category 2007
- Figure 6: Impact of housing market on furniture & floorcoverings 2007
- Figure 7: House price inflation (England & Wales) 1996-2007e
- Figure 8: Housing transactions (England & Wales) 1996-2007e
- Figure 9: Housing equity withdrawal 1996-2007e
- Figure 10: Furniture retailers market share gains and losses 2007 on 2006
- Figure 11: Floorcoverings retailers market share gains and losses 2007
on 2006
- Figure 12: Economic outlook 2007-08
- Figure 13: Key cost pressures affecting furniture & floorcoverings
retailers 2008
- Figure 14: Strategies to reduce focus on discounting 2008
- Figure 15: The introduction of Home formats by non specialists 2008
- Figure 16: Strategies to improve retailers green credentials 2008
- Figure 17: Retailers and manufacturers to drive floorcoverings growth
2008
- Figure 18: Bed growth drivers 2008
- Figure 19: Strategies to build customer loyalty and relationships 2008
- Figure 20: Allied Carpets floorcoverings market share 2001-2007e
- Figure 21: B&Q market share performance 2001-2007e
- Figure 22: Carpetright floorcoverings market share 2001-2007e
- Figure 23: DFS furniture market share 2001-2007e
- Figure 24: Dreams furniture market share 2003-2007e
- Figure 25: Furniture Village market share performance 2001-2007e
- Figure 26: Argos furniture market share performance 2001-2007e
- Figure 27: Homebase furniture & floorcoverings market share performance
2001-2007e
- Figure 28: Home Retail Group sales breakdown 2006/07
- Figure 29: HomeForm furniture market share 2001-2007e
- Figure 30: Homestyle furniture market shares 2001-2007e
- Figure 31: IKEA market share performance 2001-2007e
- Figure 32: John Lewis market share performance 2001-2007e
- Figure 33: Land of Leather market share performance 2001-2007e
- Figure 34: Magnet furniture market share 2001-2007e
- Figure 35: MFI furniture market share 2001-2007e
- Figure 36: Next furniture market share 2001-2007e
- Figure 37: ScS furniture market share 2001-2007e