MFI stopping selling sofas etc

myrnahaz

According to this morning's radio news, MFI is going to concentrate on selling better quality kitchens and bedrooms and will no longer be selling items that do not relate to these. They will be selling off things like sofas etc (not sure about bathrooms).

I wasn't giving it my full attention at first (I was going on to the motorway at the time) so I didn't catch whether there was a date mentioned.

normal

Taken from today's MFI press release

"Strategic update
First phase, stabilisation, completed
new management structure
strategy review
financial stability
exited peripheral businesses

New strategic focus has been agreed and encompasses
accelerating new Howdens depot openings, consistent with successful business model
reorganising the Group into three distinct businesses
refocusing Retail around kitchens and bedrooms
a store by store property review
improving customer service
restructuring Supply business to make it flexible and efficient

Consultations have commenced on proposals that could lead to significant job reductions "