Weakened demand impacts furniture retailer; eyes future growth

Furniture retailer Arighi Bianchi has reported a slight reduction in sales and profit.

According to its latest filed accounts for the year ended 30 June 2023, total sales fell 4% to £16.5m from £17.2m in 2022.

Pre-tax profit resulted at £57,000, down from a profit of £350,000 recorded the previous year.

Stated within its report, the company said: “Demand in 2023 weakened year-on-year, with online sales dipping again this year.”

Managing Director Sarah Bianchi added: “We continue to navigate a market undergoing an exponential pace of change and we remain optimistic, as we continue to invest in growth. Our strategic plan involves leveraging brand, investing in technology and driving new, multi-sector brand partnerships, to enhance the customer experience and adapt to a continuing shift in consumer demands.

“We know that retailers need to look beyond the realms of the sector to understand and adapt to how consumers are making spending choices. This is of infinite importance within the furniture sector, where repeat purchase takes place on average, every five years.

“Therefore, delivering a customer experience which is perfectly on point, is vital. At Arighi Bianchi, our focus is intent on delivering an enhanced, multi-channel customer experience, delivering a curated retail, dining and lifestyle experience too.”

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