Nick Scali Furniture

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

Nick Scali Furniture
TypePublic
ASX: NCK
IndustryRetail: Furniture, Dining, Lounge, Living Room and Chairs
Headquarters
North Ryde, New South Wales
,
Australia
Key people
John Ingram (Non-Executive chairman)
Anthony Scali (managing director)
Greg Laurie (Non- Executive Director)
Nick Scali (Non- Executive Director)
Catrina Damasceno (non-executive director)
Chris Malley (chief financial officer)
Number of employees
360 approx. (August 2017)
Websitenickscali.com.au

The company specializes in leather and fabric lounges, as well as dining room and bedroom furniture. Nick Scali imports more than 12,000 containers of furniture per year worldwide, operating multiple showrooms and distribution centres in Australia.[2]

Nick Scali Ltd core brands include Nick Scali Furniture, Nick Scali Online and Sofas2Go.

Corporate directors
  • John Ingram – Non-Executive chairman
  • Anthony Scali – managing director
  • Catrina Damasceno – non-executive director
  • Greg Laurie – non-executive director
  • Nick Scali – non-executive director

Founder

Nick D. Scali, the founder of Nick Scali Furniture, continues to serve as a consultant to the company and is considered to be a pioneer and innovator in the import and retail of furniture in Australia and New Zealand. Over the years, he served on a number of public company boards, founded other enterprises and has made major contributions towards the Italian community within Australia. Mr. Scali has been non-executive director of Nick Scali Limited since 20 July 1962.

Stores and distribution centres

As of 30 June 2016 the total number of showrooms was 47[3] and 6 distribution centres under Nick Scali Ltd, and the company continues to expand Australia-wide and into New Zealand.

Company information

The Company has most recently reported a sales revenue increase of 30.4% for the Financial Year 2016, reaching $203 million.[3] The Company's gross margin sits at 60.8% for the Financial Year 2016 and is indicative of a preferred Company trend, given the previous years' gross margin was 60.7%.

References
  1. "Corporate Profile"]. NickScali.com.au
  2. "Nick Scali Reports Profit". Google Finance. p. Google Finance Nick Scali Profile. Retrieved 30 August 2012.
  3. "Nick Scali Ltd Annual Report 2016" (PDF).
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.