Adairs

Retail Asia13/12/2019

Adairs has entered into a binding agreement to acquire pure-play homewares retailer Mocka for approximately $80 million. Mocka operates across Australia and New Zealand and will continue to run as an independent business with the existing management team leading its operations and strategy. All product design, development, sourcing, and marketing is done in house across […]

Retail Asia09/09/2019

Homewares business Adairs delivered its first profitable year in New Zealand in FY19, with work done on the local supply chain significantly assisting sales, along with improving brand awareness. New Zealand saw sales growth of over 25 percent during FY20. According to Adairs chief executive and managing director Mark Ronan, the lessons learned in New […]

Retail Asia16/07/2019

Adairs shares have lost more than 30 percent after the homewares and manchester retailer issued another earnings downgrade, citing supply chain challenges. The company announced on Friday it had observed “an adverse change” in trading momentum since the end of May, with sales growth completely flat over the first three weeks of June. Adairs chief executive […]

Retail Asia20/04/2018

Bedding retailer Adairs says its on track to book record sales and earnings in fiscal 18, upgrading its guidance for the second time in as many months on better than expected third quarter trading. Adairs said on Thursday that strong demand for its autumn and winter range had underpinned an 18 per cent increase in […]

Retail Asia07/11/2017

Bedding retailer, Adairs, announced it will continue its international expansion next year and will roll out new stores in New Zealand and launch an international website. Mark Ronan, managing director and CEO, stated after the successful opening of their store in New Zealand, the company is looking into opening up to two additional stores in […]

Retail Asia19/10/2017

Bedding retailer Adairs has upgraded its guidance for FY18 after experiencing a bumper start to the financial year. Adairs CEO Mark Ronan told the market on Wednesday afternoon that year-to-date LFL sales were up 13 per cent to October 15. It’s a continuation of trading momentum kicked-up in the second-half of FY17, with July LFL […]

Retail Asia30/08/2017

Bedding retailer Adairs has enjoyed another bump with investors following its full-year result, with CEO Mark Ronan providing comprehensive guidance that momentum from 2H17 will continue into FY18. Adairs booked a 19.6 per cent decrease in net profit after tax to $21 million for the year ended 30 June and a 21.5 per cent decline […]

Retail Asia18/08/2017

Bedding retailer Adairs has issued its second trading update in as many months, delivering the news that like-for-like sales growth has hit double digits in the first weeks of FY18. LFL sales soared to 10.4 per cent in the six weeks to 13 August, following 9.1 per cent growth in the prior six weeks, turning around […]

Retail Asia13/07/2017

Big-box bedding retailer Adairs has turned around a weak start to FY17, advising the market this morning that it expects total sales during the second-half to increase by 8.3 per cent to $140.4 million. CEO Mark Ronan now expects to reveal full year sales of $264.9 million next month, noting that a 3.8 per cent […]

Tag: Adairs

Adairs acquires online-only homewares brand

Adairs finally delivers first profit in New Zealand

Adairs Profit Down

Adairs on track for record results

Adairs continues with international expansion plans

Adairs upgrades guidance

Adairs signals strength for year ahead

Adairs takes double digits to the market

Adairs up on late year turnaround