
Family-run Macclesfield furniture retailer, Arighi Bianchi, has seen its turnover grow in latest financial results despite the impact of the pandemic on the wider economy.
Annual sales rose to £15.1 million in its financial year to June 30th 2021, up from £14.7 million in the previous 12 month period. The business also saw pre-tax losses fall from over £600,000 to £119,000 in the same period; however, directors expect the business to return to profit this year thanks to high in-store footfall since the Macclesfield furniture retailer reopened its doors in April 2021.
In a statement accompanying its financial results and signed by the Arighi Bianchi board, the furniture retailer said:
“The directors are pleased to report a significant improvement on performance for the first four months on last year’s trading figures, until the store had to temporarily close in November 2020 and again from January until April 2021.
“We saw continued growth in our online sales during the year and significant demand for the last three months of the financial year when the store opened again in April 2021.
“Year on year, total turnover increased by £400,000 (3%) even though the store was closed for four months.
“With our strong brand name, continued investment in our website and new integrated IT systems, we feel we are well placed and in a strong position to take advantage of the continued pent up demand generated from the Covid crisis over the next 12 months in addition to an increase in new housing developments.
“With our good product mix and large product range, we are confident we can push forward and deliver continued sound financial performance and continue to grow our market share.”
Pictured: Arighi Bianchi MD, Sarah Bianchi.