Northern Irish retailer maintains sales above £50m

Northern Irish home furnishings retailer Harry Corry has reported another growth in sales as turnover remained over £50m.

According to its latest filed accounts for the year ended 29 February 2024, total sales rose 5.5% to £54.9m from £52m in 2023, further adding to its growth of 4% from £50m in 2022.

Pre-tax profit resulted at £1.7m, down from £2m against the previous year.

Stated within its report, the company said: “A new store was opened half way through the year coupled with an increase in the marketing spend resulted in an increase in turnover. A weaker US dollar and reducing freight costs made purchases less expensive whilst a slightly stronger Euro had a positive impact on sales and this resulted in a modest increase in gross margins of 0.34% (2022: decrease of 1.39%).

“The profits were down on the previous year. The increase in sales due the additional store and the increased marketing spend was offset by the increase in operating costs.”

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