TITLE

Profits dive 80% at MFI as core sales drop by 8.4%

AUTHOR(S)
Kidd, Andrew
PUB. DATE
December 1998
SOURCE
Cabinet Maker;12/18/98, Issue 5119, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the decline of the operating profits of MFI by 80 percent for the first six months of 1998. Factors contributing to the decline; Restoration of profitability through reducing costs, improving distribution and repositioning the group for sales growth.
ACCESSION #
1414645

 

Related Articles

  • Jobs go in MFI recovery plan.  // Commercial Motor;3/9/2006, Vol. 203 Issue 5168, p16 

    The article reports on job losses at furniture chain MFI as part of its restructuring plan. The company made a pre-tax loss of nearly £111 million in 2005 compared with a £20 million profit in 2004. Depots in Nottingham, Glasgow and Aldershot, England as well as two factories will close.

  • MFI needs to rethink its bedroom performance. Barnes, Rachel // Marketing (00253650);4/1/2004, p13 

    A strategy shift away from price and toward aspirational values has contributed to a double-digit drop in furniture retailer MFI Furniture Group PLC's bedroom sales. Admissions of shortcomings in the bedroom department are rare, but last week MFI Furniture conceded that its 'outdated' bedroom...

  • MFI's good turn for charity.  // Cabinet Maker;05/08/98, Issue 5087, p33 

    Reports that MFI Furniture Group has donated 1,000 pounds to the Kent Air Ambulance Trust.

  • MFI prepares for life without upholstery after profits jump. Kidd, Andrew // Cabinet Maker;12/19/97, Issue 5069, p3 

    Reports that MFI is preparing for life without upholstery after deciding to concentrate on its `core' kitchen and bedroom ranges. Removal of upholstery from 14 of the company's stores; MFI's switch to regional warehouses; Effect of the switch on five-10 staff; Increase of retailing operating...

  • MFI is cleared of false pricing.  // Cabinet Maker;09/11/98, Issue 5105, p5 

    States that MFI has been cleared from the false pricing complaints filed by the Gateshead Trading Standards officials. Allegation on MFI's offering of discounts for multiple purchases; MFI lawyer's answer on the complaints.

  • MFI sales up.  // Housewares;Jul96, Issue 128, p6 

    Reports on financial developments of furniture company MFI for the period ending April 27, 1996. Increase in sales; Improvement in pre-tax profits.

  • Cool kids.  // Cabinet Maker;11/2/2007, Issue 5562, p3 

    A photograph of MFI Furniture Group PLC's Ice White bedroom furniture line is presented.

  • MFI backs The Sleep Council.  // Cabinet Maker;08/13/99, Issue 5150, p2 

    Highlights The Sleep Council's recruitment of the MFI Furniture Group to boost its marketing activity.

  • MFI in kitchen sink drama.  // Cabinet Maker;06/02/2000, Issue 5190, p2 

    Announces the fine meted on MFI for refusing to sell a kitchen sink without the plug.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics