69% Revenue Increase and New Website Boosts Furniture Retailer’s Profits

  • 69% revenue increase and £6.2m profit boost for Oak and More
  • Rebranded as Oak and More with a new website
  • Wider product range and faster delivery options
  • First physical store in Peterborough, more to open soon
  • Omnichannel model combining online and in-store sales
  • Furniture designed in the UK, no chipboard or veneer used
  • £8m funding for expansion, product development, and store openings

Furniture retailer Oak and More, formerly known as Oak Furniture Superstore, has reported a 69% rise in annual revenue and £6.2m profit improvement for the year ending January 2025. The company achieved sales of £30.9m, up from £18.2m the previous year, with all growth coming from online sales. Oak and More credits its investment in design, pricing, and logistics for the success. Since rebranding under the new name and launching a user-friendly website, it has opened its first physical store in Peterborough and plans to open two more before the end of the year. The retailer aims to expand further with additional showrooms in 2026 as part of an omnichannel strategy. With £8m in funding secured for growth, product development, and store openings, CEO Paul Isom expresses excitement about future opportunities.

Factuality Level: 8
Factuality Justification: The article provides accurate information about Oak and More’s financial performance, growth strategies, product offerings, and expansion plans without any significant issues related to digressions, misleading information, sensationalism, redundancy, or personal perspective presented as a universally accepted truth.
Noise Level: 3
Noise Justification: The article provides relevant information about Oak and More’s financial performance and growth strategy, but it lacks in-depth analysis or exploration of broader trends or consequences for the industry.
Financial Relevance: Yes
Financial Markets Impacted: Oak and More’s financial performance impacts the company itself
Financial Rating Justification: The article discusses Oak and More’s revenue growth, profitability improvement, and expansion plans, which are relevant to its financial situation and business strategy.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.

Reported publicly: www.retailsector.co.uk