Online furniture retailer posts further decline in sales and profit

Online furniture retailer Atlantic Shopping, the online trading name of V.N & Britannic Warehouse, has reported another decline in sales and profit.

According to its latest filed accounts for the year ended 31 December 2022, total sales fell 23% to £10.3m from £13.5m in 2021, adding to its decline of 20.1% from £16.9m in 2020.

Pre-tax profit resulted at £1.1m, down from £1.7m recorded in the previous year, marking another year of decline from £4.9m in 2020.

Stated within its report, the company said UK sales were down 20% to £8.7m from £11m, while EU sales were also down by 33% to £1.6m from £2.4m.

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