Oak Furnitureland cuts losses as it hails ‘turning point’ for the business

For the seven months to January 31, 2026, the retailer reported a 5% jump in sales in what it called a “broadly flat” market, while its operating losses reduced 66% to £4.2m thanks to the brand’s “margin improvement programme and operational efficiencies”.

Group revenues rose 2% to £240.5m, while the retailer also reported like-for-like growth in its online business.

The retailer said it also had returned to profitability on a twelve-month basis.

Looking ahead the retailer said the refresh of its 69-strong showroom estate was “well underway, with half of the estate on track to be completed by the end of the financial year”.

The retailer said it was also targeting “several new showroom openings this calendar year”.

CEO of the business Alex Fisher said: “Last year was an important turning point for the company and shows our growth strategy is working.

“Despite the furniture market showing little growth, we have remained focused on delivering stylish products that are built to last at outstanding value and are delighted with the progress that has been made.”

“Customers are increasingly making more considered purchases, opting for durable, long-life products for their homes. Our objective to take our brand beyond cabinetry and into the whole home, innovate our ranges, and make our offer more accessible to even more customers is now starting to deliver. We are further encouraged by the first seven months of this financial year which are marked by a return to profitability and continued market share gain.

“Our focus for the year ahead is to continue building Oak Furnitureland into a leading omnichannel furniture destination by executing our strategy: to ‘make stylish, high-quality furniture for the whole home at outstanding prices accessible to even more homes and families’.”

He added: “I’d like to thank our teams for their continued dedication and hard work. The progress we’ve made together gives me real confidence and genuine excitement as we continue to progress our plan for the business.”