Conran Shop posts another loss but remains ‘optimistic’

High-end designer furniture retailer The Conran Shop has reported a slight decline in sales as its refocus continues.

According to its latest filed accounts for the year ended 2 April 2023, total sales fell 1.9% to £25.5m from £26m in 2022. Pre-tax losses widened to £9.9m from a loss of £7.9m recorded the previous year.

Stated within its report, The Conran Shop said: “The company made a loss for the year and has continued to make losses after the year end. The company is not expected to return to profitability within the next 12 months.

“Whilst the performance of the company has been disappointing in recent years, with the backing of the shareholders, the restructuring of the company and the group is now in progress. The company’s store in Chelsea has closed and the company’s subsidiary, The Conran Shop SAS, in France, has been placed into voluntary liquidation after the period end.

“With the company’s flagship store in Sloane Street and Marylebone and the plan to re-focus the product offering along with continuing to streamline the business operations, the directors are very optimistic about the future.”

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