Home department store retailer delivers strong performance despite downturn

Home furnishings department store retailer Housing Units has reported another decline in sales and profit.

According to its latest filed accounts for the year ended 31 March 2024, total sales fell 16.6% to £25m from £30m in 2023, further adding to its decline of 15% from £35.4m in 2022.

Pre-tax profit resulted at £689,000, down from £1.3m recorded the previous year and down from £5.5m in 2022.

Stated within its report, the company said: “Throughout the period, trading conditions had returned to what the directors consider to be historically normal levels, due to the results of recent years being subject of trading conditions caused by the Covid-19 pandemic.

“In the face of lower consumer demand during the year, which inevitably resulted in some highly competitive trading conditions in the home furnishings market, the directors consider that the performance of the company during the period remain strong.”

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