Sales and profit up at lifestyle retailer

Lifestyle retailer WoolOvers Group has reported an uptick in sales and profit.

According to its latest filed accounts for the year ended 29 March 2025, total sales rose 13% to £35.8m from £31.6m in 2024.

Pre-tax profit resulted at £2.1m, up from £1.6m recorded the previous year.

Stated within its report, WoolOvers, which trades via catalogues and eCommerce websites across a number of categories including home furnishings, said: “Overall, the Company reported a profit before tax of £2.14m, an increase on the prior year profit (2024: £1.69m), which represents the impact of the renewed growth of the customer base, causing underlying EBITDA growth.

“Revenues in the period were £35.9m, a 13% increase driven by a renewed investment in the growth of the customer base. The gross margin % was 44.0% (2024: 41.5%), however gross profit increased by 20.2% to £15.8m (2024: £13.1m) driven by the revenue growth.

“Administrative expenses grew 22% to £13.3m (2024: £11.0m). This reflects the impact of national minimum wage changes on staff costs, as well as the investment in online marketing in the year.”

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