Hardwood specialist Oak Furniture Land has become a regular fixture in retail parks across the country in a relatively short space of time.
The business began when founder Jason Bannister borrowed £10,000 to buy a container of furniture in 2003 and then sold it on Ebay a year later, making a profit. On Boxing Day 2016 the retailer launched its website and hasn’t looked back since. In recent years it has been focused on rapid store expansion and its technology has evolved to keep pace.
Oak Furniture Land opened its first retail space in 2009, with the launch of a unit in an airfield, and rapidly expanded with close to 100 stores now.
Oak Furniture Land hopes to have three physical stores in the US by next summer, Retail Week can reveal, as it ramps up its efforts to crack its new market.
As Zalando continues to add to its proverbial armoury, the German etailer is marching ever closer to a frontline battle with its main fashion rival in the UK, Asos.
Oak Furniture Land’s profits and sales advanced last year as the furniture retailer made its US debut.
Retail Week Prospect ranks the top 30 most productive retailers in the UK, measured by sales per employee.
Compared with last year’s buoyant January Sales performance, the momentum appears to have slowed in the furniture sector.
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