Interiors Monthly Awards 2018 retail winners revealed
The winners of the retailer categories of the Interiors Monthly Awards 2018 can now be revealed.
The winners were as follows:
Best Furniture Retailer (1-3 stores): Fishpools
Next year will see the 120th anniversary of Ernest Fishpool borrowing £85 and opening his store in Waltham Cross, Hertfordshire. By 1906 he had moved to the site on the town’s High Street that it still occupies.
Today the company is still family owned and at 62,000sqft the store is ‘the largest in the south-east of England selling quality furniture’.
This summer the store received a makeover as it prepares for its next major milestone.
Best Furniture Retailer: (4 plus stores): Dreams
Dreams saw sales rise 7.2% to £300m in the year to 24 December 2017, with like-for-like sales growth of 3.3% after 2016’s 14.1% growth. It maintained its EBITDA pre-exceptional margin of 14.8% while pre-tax profits rose 7.2% to £29.2m.
‘Our results for 2017 reflect our ongoing investment and commitment to make, sell and deliver the most comfortable beds across the UK. We have continued to provide market-leading quality, value and choice alongside a first-class customer experience,’ said Mike Logue, Dreams ceo.
‘While the UK consumer economy continues to face challenges, this set of results puts us in a strong position at the outset of the year. We continue to see significant interest in the UK mattress market and remain confident in our ability to execute and deliver our strategy,’
Investment included eight new stores, taking the number to 190 and 23 store refurbishments; £1.8m on its website (online sales rose 15% over the year); two new home delivery centres and extending its Oldbury factory, increasing production capacity by nearly a third.
Dreams achieved top place in The Sunday Times Profit Track 100.
Best Flooring Retailer (1-3 stores): Floor Coverings
Having won the award in 2015, Dry Drayton, Cambridge independent Floor Coverings has reclaimed its title as Best Flooring Retailer (1-3 stores). The company has the largest showroom in the Cambridge area and with more than 3,500 samples in-store and its suppliers list reading like a Who’s Who of the flooring industry, consumers will find the floor for them, no matter their taste.
And scores of testimonials from customers attest to its focus on excellent customer service.
Best Flooring Retailer (4 plus stores): ScS
ScS has seen strong growth in its flooring sales and has average orders significantly above that of the market leader.
In the year to 29 July 2017 flooring sales rose by 5% to £39.9m, with average orders increasing by 3.5% to £629.
And the growth continued into 2018. In the six months to 27 January, sales rose 5.7% to £21.3m as average orders increased to £676.
With a flooring offer of carpets, rugs, vinyl, laminate and LVT, carpet prices range from £5.99 per sqm to £99.99.
Best Online Retailer: Loaf
The past year has been one of growth and expansion for Loaf. Last month it opened its sixth showroom, in Solihull. In May it opened in Wilmslow and March saw it open in Guildford.
In the year to 31 March 2017 sales jumped by 28% to £34.5m while pre-tax profits rose by £864,000 to £3.79m.
Loaf launched in 2008 after founder Charlie Marshall found the experience of buying a mattress too complicated, The product range now covers mattresses, beds, upholstery, cabinet, lighting, curtains and blinds and accessories.
The company previously won the award in 2014.
Full details are in the August issue.