Conran Shop posts sales rise; losses widen

High-end designer furniture retailer The Conran Shop has reported a growth in sales as turnover climbed towards £30m.

According to its latest filed accounts for the year ended 27 March 2022, total sales rose 64.5% to £26m from £15.8m in 2021. Pre-tax losses widened to £7.9m from a loss of £2.3m recorded the previous year.

Stated within its report, the company said it has implemented a restructure plan to re-focus the product offering along with streamlining business operations across all of its sites.

“With the backing of the shareholders, growth plans have been set and the business is very optimistic about the future,” the company added.

It’s parent company, Barle Holdings, also reported a growth in sales by 42.6% to £38.8m from £27.2m. Pre-tax losses resulted at £8.3m.

These results included the above figures as well as operations in France, with sales in this area growing 16.5% to £12.7m from £10.9m.

In February this year, the business ceased trading from its store in Chelsea, London, which it had occupied for 35 years, with a new smaller-footprint store in the area due to open in September 2023.

Save this article for later

You can revisit this article if you save it as favourite news!

Leave a Comment

MORE ARTICLES

Carole Nolan, National Sales Controller at Maze, talks about the day job, what products are proving popular, gender diversity and what’s next for the company....