Housing Units maintains performance amid investment
Oldham retailer Housing Units maintained performance while funding its expansion.
In the 53 weeks to 1 April 2018, sales were £25.49m compared with £25.52m in the 52 weeks to 26 March 2017.
Pre-tax profits were £1m, compared with £1.16m.
‘During the period the business completed the expansion of its distribution centre, the first stage of a larger investment programme aimed at consolidating Housing Units’ position as the premier home furnishings destination in the North West and providing the stock storage and distribution capacity to enable future growth.
‘The business has also modernised its visual branding and signage and has continued to invest in improving the customer experience in both the physical retail site and online channel. These investments are designed to ensure the company continues to have a modern and forward looking retail proposition for its customers whilst building on the strong heritage and high service standards that the brand has developed over many years.
‘The company retains healthy levels of liquid financial resources and has funding in place to support further investment in the long-term growth of the business.
‘The directors consider that the strategy of offering exceptional levels of customer service, selling the highest quality products at competitive prices and continuing to recruit and retain the highest quality staff remain the cornerstones required to ensure the future success of the business,’ said the company.