Nick Scali Furniture

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Nick Scali Furniture

Type	Public (ASX: NCK)
Industry	Retail: 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) Carole Molyneux (non-executive director) Chris Malley (chief financial officer)
Number of employees	360 approx. (August 2017)
Website	www.nickscali.com.au

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

The company specialises in leather and fabric lounges, as well as dining room and bedroom furniture. Nick Scali imports more than 5,000 containers of furniture per year worldwide, with showrooms and distribution centres across 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
• Carole Molyneuxx – 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 at 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.^[4]

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[]