Furniture & homewares
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Harvey Norman’s mixed results show impact of store closures
In Australia, where stores remained open, sales were up over 17 per cent, but in markets that forced stores to close, sa...
Jun 10, 2020
Furniture and homewares retailer unveils Stage 1 of $60 million development
Furniture retailer Nido says the store's whole range will be made available when they unveil Stage 2.
Jun 1, 2020
Smith’s City enters receivership to side step shareholders in sale
Decision will leaves Smiths City shares with zero value.
May 26, 2020
Smiths City waits for shareholders to approve sale of business
Update on sale of major furniture and electronics retailer.
May 21, 2020
Smiths City to sell retail, finance operations for $60 million
A quarter of staff will lose their jobs and some stores will close under the Polar Capital deal.
May 19, 2020
King Living opens virutal showroom
Furniture retailer launches immersive, interactive online shopping experience.
Apr 29, 2020
Ikea buys AI innovator Geomagical Labs
Furniture retailer's investment arm Ingka buys US-based AI innovator Geomagical Labs
Apr 7, 2020
Harvey Norman execs take pay cut, cancel dividend as crisis worsens
Executive team to take 20 per cent pay cut for the next three months.
Apr 3, 2020
Ikea reveals physical, digital launch plans for NZ
Furniture chain to open three physical and digital customer touchpoints across New Zealand.
Feb 21, 2020
Inter Ikea names new leader as long-term CEO steps down
Head of Ikea franchising to lead the business moving forward.
Feb 12, 2020
Nick Scali sees profit falter on consumer fears
Profit fell 15 per cent to 21.6 million over the first half of FY20.
Feb 6, 2020
Ikea eco-store under construction in Vienna
A seven-level Ikea eco-store is being built in Vienna – with no car parks, targeting pedestrians, cyclists and public tr...
Jan 22, 2020
Harvey Norman hit with second strike, but avoids board spill
Outspoken chairman Gerry Harvey insults shareholder running for board.
Nov 28, 2019
Court declares Home Direct terms unfair
Retailer told to refund customers who lost money in unfair scheme.
Nov 13, 2019
Harvey Norman capital raising falls short of target
Approximately 3 million shares worth A$7.8 million went unsold.
Oct 17, 2019
Nick Scali’s first quarter marred by cautious consumers
First three months of FY20 sees traffic and like-for-like sales plummet.
Oct 16, 2019
Nido launches commercial furniture range ahead of megastore opening
New retailer expected to open massive furniture by December.
Sep 11, 2019
Harvey Norman delivers record sales in New Zealand
Margin pressure and operating expenses drop profit 6 per cent.
Sep 3, 2019
NZ furniture retailer launches new e-commerce site
Modern Style Outdoor Furniture now selling online.
Aug 20, 2019
Ikea v Pepperfy: India the venue for a David and Goliath furniture fight
The startup disrupting Ikea.
Aug 13, 2019
