Oak Furnitureland defies sector gloom as it returns to profitability

Oak Furniture Land

Oak Furnitureland has defied ongoing pandemic-induced disruption and soaring inflation in freight and raw materials to post a 10% year-on-year uplift in group revenue and a return to profit.

According to the retailer’s results for the year ended 30 June 2022, group revenue stood at £275.3m, while profit was recorded as £1.8m, up from an £18.6m deficit in 2021.

The furniture giant, which traditionally specialises in solid hardwood pieces, attributed the uptick to underlying demand, an undelivered order book unwinding closer to normal levels and a focus on broadening the product proposition to create a ‘whole-home’ offer.

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