https://www.designweek.co.uk/issues/24-30-october-2022/online-retailer-made-collapse/ Mon, 31 Oct 2022 09:30:48 +0000 hourly 1 https://www.designweek.co.uk/issues/24-30-october-2022/online-retailer-made-collapse/comment-page-1/#comment-158838 Mon, 31 Oct 2022 09:30:48 +0000 https://www.designweek.co.uk/?p=288256#comment-158838 Also see the Sunday Times business section 30 10 22 which explains that the company changed their business model and ended up with too much stock.

]]> https://www.designweek.co.uk/issues/24-30-october-2022/online-retailer-made-collapse/comment-page-1/#comment-158675 Sat, 29 Oct 2022 11:45:36 +0000 https://www.designweek.co.uk/?p=288256#comment-158675 This news wasn’t a complete surprise to me. The economy was fragile already until the fallout from the mini-budget last month but the signs were already there. Very low mortgage rates for the last decade that were unsustainable, a buy now – pay later culture and also the intense competition from other companies who produce affordable well-designed furniture. Made also had an extremely large number of products on offer. At the last count over 11,500. I did try to order a bed sofa from them one time which was on special offer and then discovered it was made to order with a 12 week lead time as it was shipped from the Far East and this was back in 2017 so not a new situation. I went elsewhere and got a similar product for less with a two-day delivery. But I did buy other products from them that were well-designed. I don’t think they saw this situation coming and who can say what people will cut back on if times get tough?

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