Discount carpet retailer increases margin despite sales dip

Scottish discount carpet retailer J&W Carpets has reported a slight decline in sales and profit.

According to its latest filed accounts for the year ended 31 March 2023, total sales fell 13.6% to £12m from £13.9m in 2022.

Pre-tax profit resulted at £796,000, down from £864,000 recorded the previous year.

Stated within its report, the business said: “The company experienced the affects of current market difficulties resulting in a drop in turnover.

“However, the drop in demand for its goods led to better buying terms and gross margin increased. Overheads continue to increase resulting in challenging trading conditions.”

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