Danish furniture retailer JYSK has reported a growth in UK turnover although losses remained over £3m.

According to its latest filed accounts for the year ended 31 August 2024, total sales rose 7% to £43.8m from £40.9m in 2023, further adding to its growth of 5% from £38.3m in 2022.

Pre-tax losses resulted at £3.2m, slightly widening compared to its loss of £3.1m recorded the previous year.

Stated within its report, the company said: “At the year-end 27 retail stores were in operation, we did not extend the lease on four stores in: York, Pontefract, Chesterfield and Bradford. There continues to be an unsettled Retail market in the UK, as a result of increases in ‘Cost of Living’ and challenges in ‘Supply’ and increased uncertainty as a result of the War in the Ukraine.

“Despite this however, the Business increased Turnover. The company plans on creating growth through expansion of the retail estate over the coming years and Investments in Existing stores. Turnover development stabilized over the course of the year, no longer impacted by Government led Covid Open and Closures that occurred in previous years however inconsistent weather conditions over the summer months resulted in Garden Sales lower than expected.

“However proactive cost management reduced the impact of the lower-than-expected sales. There were increases in costs in some areas due to the longer-term plan to investment in improvements in Existing Store and continued expansion of the Physical Stores, inline with the overall Strategy to bring JYSK closer to the customer and to ensure enhanced customer experience. JYSK is confident in the business model and the potential for the group to develop further within the UK market.”