MFI furniture
Article Abstract:
MFI Furniture will achieve a growth in earnings of 15% for 1998, using the most pesimistic forecast. Critics argue that the company has spent the good years for the industry reorganising itself but MFI achieved a 21% rise in pre-tax profit in 1996, and its earnings growth is above average for the market. The company's debt, operating costs and capital spending are likely to peak in 1997. MFI has converted 108 stores to its Homeworks format geared to younger consumers and able to tackle product changes more rapidly.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Margin by design
Article Abstract:
Essex Furniture is a furniture retailer which faces fierce competition in the United Kingdom market. The company has boosted turnover, but not margins. Production is increasingly being undertaken in-house to prevent independent manufacturers selling popular designs to competitors. The company aims to produce 70% of products sold, and to increase the number of its retail outlets. The company is 52% owned by the Franks family. Essex Furniture's profit is estimated at 1.1 million pounds sterling for 1997 by brokers.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Out of joint at Essex Furniture
Article Abstract:
Essex Furniture is a UK producer and retailer of furniture and has been affected by longer lead times from its suppliers. A profit of some 1 million pounds sterling is likely for the year to Jun 1995. Costs are likely to have affected profits for the second half of the year, but profits could recover in the half-year to Dec 1995. The company has increased the number of its stores by 13 to 31 with an investment of between 200,000 pounds sterling and 300,000 pounds per store.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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