Interiors brand posts ‘stable’ sales in year of restructure

Home furnishings and interiors business Fired Earth has reported a slight uptick in sales over a nine-month period.

According to its latest filed accounts for the nine-months ended 30 September 2022, total sales rose 1.1% to £11.7m from £11.5m against the same period last year.

The EBITDA loss for the period was lower at £279,000, narrowing from a loss of £510,000.

Over a period compared to 12 months, sales were down from £14.8m, with pre-tax profit resulting at £97,000, down from a profit of £3.1m.

“Following a year of consolidation in 2021, turnover has remained stable whilst operating losses have been reduced,” Fired Earth said within its report. “Our web performance remains strong and retail sales increased across the like-for-like showrooms.”

Earlier this year, Fired Earth extended its partnership with national retailer Marks and Spencer (M&S) with the launch of a new upholstery and furniture collection.

The new spring/summer 2023 collection launched during March and features Mexican influences within Fired Earth’s existing Acapulco collection. The range also included bedding, cushions, throws and towels, as well as the launch of new cushions. There are also two furniture ranges, called Charcoal and Blenheim.

Last year, Marks & Spencer teamed up with Fired Earth to create a homeware collection.

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