Furniture Village has bucked the trend in its market to post its best ever profits and volumes for last year.
Unaudited management accounts show the retailer increased order intake by 7 per cent like for like to£220 million for the year to the end of March, when adjusted profits before interest and tax rose£1.1 million to£7.4 million.
Finance director Ed Duggan said the performance was down to sales training, better product mix and availability and reduced damage and waste.
However, he said current trade was “very tough”, adding: “We are in line with internal targets, but to achieve this we have to fight and be more imaginative.”
Furniture Village’s fortunes contrast with Land Of Leather and ScS, both of which have endured torrid trading.
It emerged this week that credit insurer Euler Hermes had withdrawn cover from Land Of Leather suppliers.
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