Nick Scali Furniture

Nick Scali Furniture

Type	Public (ASX: NCK)
Industry	Retail: Furniture, Dining and Chairs
Headquarters	Lidcombe, New South Wales, Australia
Key people	John Ingram (Non- Executive Chairman) Anthony Scali (Managing Director) Ian Kennon (Executive Director) Greg Laurie (Non- Executive Director) Nick Scali (Non- Executive Director) Nicky Scali (Alternate Director) Kevin Fine (Chief Financial Officer)
Number of employees	360 approx. (November 2015)
Website	http://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 Molyneux – Non-Executive Director
• Greg Laurie – Non-Executive Director
• Nick Scali – Non-Executive Director
• Mr. Nicky Scali - Alternate 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. 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 July 20, 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.^[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