The company has continued to materially outperform the broader home and furniture market during the important Christmas trading period, achieving year-on-year sales growth of 22 per cent (+£3.6M) to £19.9M.
This strong performance, alongside achieving B Corp Certification, reflects the strengthening brand and product proposition and effective marketing initiatives driving increased online traffic, retail footfall across the Company’s 10 showrooms and growth in active customers.
In addition to the strong financial performance during the period, the company continued to make important progress against its long-term growth strategy. Building on the opening of two new recent retail showrooms in Stamford and Bath, the Cotswold Company became a truly omni-channel brand with the launches in November on Next.co.uk and with John Lewis (in-store at Peter Jones and online). Both partnerships have performed well so far, contributing to sales growth whilst also introducing an increasing number of consumers to the brand.
Ralph Tucker, Chief Executive Officer of The Cotswold Company said: “Firstly I’d like to thank everyone at The Cotswold Company for their hard work over the important Christmas trading period. The commitment and skill of our team has once again been central to the company delivering another very strong performance which was significantly ahead of the broader market. More and more consumers are moving away from ‘throwaway’ furniture in favour of high-quality, made-to-last products and I am delighted that an increasing number of them are choosing to bring The Cotswold Company into their homes. This is a reflection of the strength of our brand and its timeless design aesthetics, our reputation for exceptional quality and our unwavering commitment to creating sustainable products that stand the test of time.”
