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Natuzzi reports growth across its London showrooms

Natuzzi Services, the retail arm of Italian furniture manufacturer Natuzzi, saw growth across its three London showrooms last year. The locations—Croydon, Westfield, and Tottenham Court Road—recorded sales increases of 2.7%, 13.2%, and 4.4%, respectively. Despite this success, the overall turnover for the unit fell to £4.96 million, down 4.1% from the previous year. This decline was partly due to the closure of the Finchley Road store, which had contributed two months of revenue in 2022.

Photo: Natuzzi.

Like-for-like sales rose by 4%, highlighting the strength of the remaining stores. However, the business faced challenges, with rising operating costs and interest on loans contributing to a loss of £169,000, a significant drop from the previous year's slight profit of £5,000.

Currently, there are around 30 Natuzzi stores in the U.K., with five directly operated by the company, including the three in London, while the rest are run by franchisees.

Source: www.thefurnishingreport.com

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