The UK retail division of Swedish bed manufacturer Hästens has reported a decline in sales while losses widened.

According to its latest filed accounts for the year ended 31 December 2024, total sales fell 9.6% to £5.6m from £6.2m in 2023.

Pre-tax losses during the period widened from £1.1m to a loss of £1.3m.

Going forward, Hästens stated: “As part of the company’s strategic direction, the management of retail operations of Hästens Beds UK was transitioned to a new company UK Retail Business Management effective 5 April 2025, who will oversee employees and day-to-day activities of the four retail stores.

“This arrangement will be structured under a commission-based agreement, whereby UK Retail Business Management will receive an agreed-upon percentage of revenue. This decision is aimed at improving operational efficiency while allowing the company to focus on broader financial and strategic objectives.”