The UK division of retail group Homesense and TK Maxx has reported another growth in sales as profit remained strong.
According to its latest filed accounts for the year ended 3 February 2024, total sales rose 3.6% to £4bn from £3.8bn in 2023.
Homesense sales increased 2.2% to £280.5m from £274.4m, while TK Maxx saw revenues remain flat at £2.5bn.
Pre-tax profit resulted at £120.7m, down when compared to its profit of £172.4m recorded the previous year.
Stated within its report, the group said that like-for-like store sales rose 3% to £2.6bn, which is largely attributed to an increase in footfall.
“High levels of growth in the 2023 comparative were driven by temporary store closures in 2022 due to the Covid-19 pandemic.”
One Homesense store was opened in the year, with the brand operating from 77 stores across the UK, with some co-located with TK Maxx.