Home department store retailer delivers strong performance despite downturn

Residence furnishings division retailer retailer Housing Items has reported one other decline in gross sales and revenue.

Based on its newest filed accounts for the 12 months ended 31 March 2024, whole gross sales fell 16.6% to £25m from £30m in 2023, additional including to its decline of 15% from £35.4m in 2022.

Pre-tax revenue resulted at £689,000, down from £1.3m recorded the earlier 12 months and down from £5.5m in 2022.

Said inside its report, the corporate stated: “All through the interval, buying and selling situations had returned to what the administrators take into account to be traditionally regular ranges, because of the outcomes of current years being topic of buying and selling situations attributable to the Covid-19 pandemic.

“Within the face of decrease client demand through the 12 months, which inevitably resulted in some extremely aggressive buying and selling situations within the house furnishings market, the administrators take into account that the efficiency of the corporate through the interval stay sturdy.”