Magnet Ltd. · Darlington United Kingdom
Company Description
View Magnet Ltd. Locations On A US Map
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This link will open in a new window Creating an irresistible pull toward upscale kitchens and appliances is one of Magnet's goals. A UK furniture manufacturer, the company comprises a retail arm and a unit that caters to independent craftsmen with large and small jobs. Magnet Retail operates about 180 showrooms while Magnet Trade has some 160 branches. It also offers one-on-one design consultations, home surveys, and installation. In addition to its bricks-and-mortar business, Magnet supplies third parties with kitchens through its Interior Solutions division. The company is owned by Swedish firm Nobia. To read the full description, subscribe now.
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Key Magnet Ltd. Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $369.0 |
| Employees | 2,250 |
Magnet Ltd. Executives
3 executives listed for Magnet Ltd.'s Darlington, location.
| Title | Name & Bio | Contact |
| Managing Director | Preben Bager | Network |
| Sales Director | Paul Rowland | Network |
| Brand Marketing Manager | Nick Booth | Network |
Competition
Competitive Landscape for Magnet Ltd.
The volume of home furniture sold depends heavily on the level of home sales, while office furniture sales depend on the health of the US economy. The profitability of individual companies is closely linked to volume, since many costs are fixed. Small companies can compete effectively if they produce specialty items or high-quality workmanship that can sell for a premium price. Imports are a major competitive factor, totaling more than $26 billion a year, and many US manufacturers have factories overseas, where labor and production costs are lower than in the US. Foreign competition and production overcapacity have combined to keep prices low. Additionally, despite automation, the made-to-order nature of much of the business means that the industry is fairly labor-intensive: average annual revenue per worker is around $250,000. To read the full description, subscribe now.Top Magnet Ltd. Competitors
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