furniture industry news
When a 45-Year Legacy Ends: The Collapse of a UK Furniture Chain and What It Means for the Industry
A familiar name on the UK high street has gone quiet after nearly 45 years in business. The collapse of a long-standing furniture and lighting retailer has forced multiple store closures and left dozens of employees facing uncertainty. Beyond the headlines, the story reflects the human side of retail failures and highlights the growing pressure on traditional furniture businesses struggling to survive in an increasingly digital and cost-driven market.
Manufacturing PMI Rises to 52.6% in January Even as Wood & Furniture Production Contracts
Manufacturing activity rebounded strongly as the PMI rose to 52.6, signaling expansion for the first time in months. However, wood products and furniture manufacturing remain under pressure, highlighting an uneven recovery across the industry despite improving demand, production, and new orders in other sectors.
Malaysian Ringgit Hits Multi-Year High; Furniture Exporters Say Strong Currency Not Hitting Their Bottom Lines
Malaysian furniture exporters remain confident despite the ringgit strengthening against the US dollar. Industry players cite tariff advantages over China, resilient US demand, and cost efficiencies as key factors sustaining export performance.
Historic JTB Furniture to Suspend Operations After Nearly a Century
JTB Furniture — a family-rooted manufacturer established in 1932 that later became part of Prime Hospitality in 2024 — confirmed it will shut down factory operations next month, a decision the company says reflects ongoing industry challenges and strategic realignment.
Global Furniture Market on Track for Strong Growth Through 2030, Driven by Urbanization, Digital Retail and Sustainable Innovation
The furniture market is estimated at USD 768.78 billion in 2025 and is projected to reach USD 953.14 billion by 2030 at a CAGR of 4.39 %, fueled by rising urbanization, online retail penetration, sustainability mandates, and demographic shifts that favor space-efficient and multifunctional furnishings.
Redefining Global Indoor Living — Where Comfort Meets Craftsmanship
Discover the world of indoor furniture with The Furniture Times, a global platform connecting manufacturers, retailers, and designers. Explore living room furniture trends — from sofas and coffee tables to media units — where craftsmanship meets sustainability and innovation drives modern living.
