Fairfield. Manufacturer streamlines

Furniture manufacturer and retailer, Fantastic Holdings, has streamlined its warehouse process and optimised its supply chain performance across the company’s operations. The company has implemented Manhattan SCALE product suite at its main 360,000 square foot purpose built distribution centre, at Fairfield, its 330,000 square foot facility in Clayton, Victoria, as well as its newer 60,000 square foot distribution centre in Perth.”As Australia’s largest vertically integrated furniture retailer, with over 125 stores across five brands, we recognised that investing in an end-to-end supply chain solution would be critical to our ongoing success,” said chief operating officer supply chain, Craig Holland.

Villawood. Furniture sales down

Furniture retailer, Fantastic Holdings, at Villawood, reported its net profit for the full year to June would now be in the range of $19 million to $21 million, against $18.6 million in 2009. 'The Fantastic Furniture brand, particularly, as a mortgage-belt retailer, is susceptible to early changes in consumer spending patterns. We believe this fall in purchase decisions is a direct consequence of continuing interest rate increases,” the company said. The company operates over 110 stores across five furniture retail chains.

Chester Hill. Fantastic looking for öpportunities

“Opportunities may arise in the short-term to medium-term to expand through acquisitions. The funds raised will enable us to act quickly and decisively should appropriate opportunities arise,” said Julian Tertine. MD, .of budget furniture chain Fantastic Holdings, after the company completed a $9.7 million placement of 4.23 million shares to institutional investors, and plans to raise another $2.6 million by issuing 1.12 million shares to directors, subject to shareholder approval.