Four-store independent furniture retailer Fairway Furniture has reported another year of strong sales with revenues edging closer to £10m.
According to its latest filed accounts for the year ended 31 January 2026, total sales rose 2.1% to £9.3m from £9.1m in 2025.
Pre-tax profit resulted at £0.7m, improving from its loss of £0.9m recorded the previous year when exceptional items related to extensive investment in its store estate had a distortive effect.
Commenting on the results, Peter Harding, Managing Director, said: “Turnover increased by 2.12%, principally reflecting stronger new business sales at the end of the previous financial year.
“Cost of sales decreased by 4.5% as a result of tighter buying, together with favourable foreign exchange and shipping costs throughout the year. As a result, gross margin increased by 354 basis points from 45.30% to 48.84%.
“Overall trading profitability improved, supported by higher turnover and gross margin expansion. This was driven by changes to the product portfolio, with increased focus on own-label ranges and a reduced proportion of sales derived from branded suppliers.
“UK consumer disposable income remains under sustained pressure, contributing to weaker demand for discretionary purchases. This has been exacerbated by economic policy which constrains UK growth and weakens the employment landscape, which alongside a backdrop of significant geopolitical headwinds, means order intake and profitability are expected to be materially impacted throughout the 2026/27 financial year.”
