Sales up 31% at department store retailer; revamps furniture division

Northern Ireland-based family owned independent retail group Ulster Stores has reported a growth in sales and profit.

According to its latest filed accounts for the year ended 31 January 2022, total sales rose 31% to £13.3m from £10.1m in 2021.

Gross profit increased from £3.2m to £4.8m, while pre-tax profit resulted at £1.2m, up 92% from £625,000 recorded the previous year.

Stated within its report, the Coleraine-based business, which trades across four stores and online, said that its White House Portrush location benefitted from a complete ‘reinvention of the furniture and beds department’ into a ‘home living experience’.

The company continued to invest in its other stores, which helped deliver strong sales. The group added that footfall was boosted by staycations following the pandemic.

Save this article for later

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

Leave a Comment


Jason Stone, CEO at bedroom furniture supplier Harmony Furnishings, talks about the launch of its new catalogue and collections, as well as the appointment of...