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Furniture & homewares

Furniture & homewares Archives

Image of Harvey Norman store in Slovenia

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...

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.

Smith’s City enters receivership to side step shareholders in sale

Decision will leaves Smiths City shares with zero value.

Smiths City waits for shareholders to approve sale of business

Update on sale of major furniture and electronics retailer.

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.
Screenshot of King Living's virtual showroom.

King Living opens virutal showroom

Furniture retailer launches immersive, interactive online shopping experience.

Ikea buys AI innovator Geomagical Labs

Furniture retailer's investment arm Ingka buys US-based AI innovator Geomagical Labs

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.

Ikea reveals physical, digital launch plans for NZ

Furniture chain to open three physical and digital customer touchpoints across New Zealand.

Inter Ikea names new leader as long-term CEO steps down

Head of Ikea franchising to lead the business moving forward.

Nick Scali sees profit falter on consumer fears

Profit fell 15 per cent to 21.6 million over the first half of FY20.

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...

Harvey Norman hit with second strike, but avoids board spill

Outspoken chairman Gerry Harvey insults shareholder running for board.

Court declares Home Direct terms unfair

Retailer told to refund customers who lost money in unfair scheme.

Harvey Norman capital raising falls short of target

Approximately 3 million shares worth A$7.8 million went unsold.

Nick Scali’s first quarter marred by cautious consumers

First three months of FY20 sees traffic and like-for-like sales plummet.

Nido launches commercial furniture range ahead of megastore opening

New retailer expected to open massive furniture by December.

Harvey Norman delivers record sales in New Zealand

Margin pressure and operating expenses drop profit 6 per cent.

NZ furniture retailer launches new e-commerce site

Modern Style Outdoor Furniture now selling online.