Nick Scali Furniture

Nick Scali Furniture
Company typePublic
ASX: NCK
IndustryRetail
Headquarters
North Ryde, New South Wales
,
Australia
Area served
  • Australia
  • New Zealand
  • United Kingdom
Key people
John Ingram (Non-Executive chairman)
Anthony Scali (managing director)
William (Bill) Koeck (Non- Executive Director)
Carole Molyneux (Non- Executive Director)
Kathy Parsons (Non- Executive Director)
Stephen Goddard (Furniture Design Director)
Catrina Damasceno (chief financial officer)
ProductsFurniture
  • Steady AUD$101.1 million (2023)
  • AUD$75 million (2022)
Number of employees
730 approx. (June 2024)
Websitenickscali.com.au

Nick Scali Limited is a publicly listed Australian company that imports and retails furniture such as lounge suites, dining tables, coffee tables, chairs, and entertainment units. It was founded in 1962 by Nick D. Scali.[1]

The company specializes in leather and fabric lounges. They sell dining room and bedroom furniture as well. Nick Scali operate multiple showrooms and distribution centres across all states and territories in Australia.[2] In 2017 Nick Scali opened its first showroom in Auckland, New Zealand.[3]

In November 2021, Nick Scali acquired Plush-Think Sofas Pty Ltd business from Greenlit Brands for $110 million.[4]

Nick Scali resigned 27 October 2016.[5]

Nick Scali entered the UK market in May 2024 through its acquisition of Anglia Home Furnishings, which trades as Fabb Furniture.[6] The company plans to rebrand the 21 Fabb Furniture stores as Nick Scali, establish a new distribution centre and open new stores.[7]

Stores and distribution centres

As of June 2023, there are 64 Nick Scali stores and 43 Plush locations across Australia and New Zealand.[8]

As of 30 June 2016 there were six distribution centres under Nick Scali Ltd,[9] and the company continues to expand Australia-wide and into New Zealand.[10]

Company information

The company reported a sales revenue increase of 15% for the Financial Year 2023, reaching $507 million.[8] The company's gross margin increased by 250 basis points to 63.5% for the Financial Year 2023.[8] Plush gross margin increased by 7.9% from the prior year.[8]

References

  1. ^ [1]"Corporate Profile". NickScali.com.au
  2. ^ "Nick Scali Reports Profit". Google Finance. p. Google Finance Nick Scali Profile. Retrieved 30 August 2012.
  3. ^ "Annual Report 2018" (PDF). Retrieved 30 March 2024.
  4. ^ "Nick Scali Confirms $110 Million Acquisition of Plush". Power Retail. 3 October 2021. Retrieved 5 June 2024.
  5. ^ "Annual Report 2017" (PDF). Retrieved 30 March 2024.
  6. ^ Carter, Bridget (3 June 2024). "Crunch time for Nick Scali's Fabb Furniture deal". The Australian. Retrieved 5 June 2024.
  7. ^ Ignacio, Celene (24 April 2024). "Nick Scali to acquire Fabb Furniture to enter UK". Inside Retail Australia. Retrieved 5 June 2024.
  8. ^ a b c d "Annual Report 2023" (PDF). Retrieved 30 March 2024.
  9. ^ "Nick Scali Ltd Annual Report 2016" (PDF).
  10. ^ "Aussie retailers expanding into NZ". Otago Daily Times Online News. 12 June 2017. Retrieved 14 February 2024.