The Cotswold Company hits ‘record’ £123m sales
The Cotswold Company has posted a 23% jump in annual sales to a record £123 million after it invested in new stores, AI and its supply chain.
In the year to 28 February, EBITDA increased by more than 40% to £13 million driven by cost effective marketing campaigns and supply chain enhancements.
Subscribe to TRBTop performing products included The Cotswold Company’s Chantilly Warm White Narrow Bedside Table, which saw a 41% rise in the number of orders.
The company also benefited from the launch new ranges in a more modern aesthetic as it looked to widen its customer appeal.
During the year, The Cotswold Company upgraded its digital experience with the launch of ‘Searchandising’, a new AI-powered tool that helps customers discover the right products faster. It also opened a new 80,000 square foot distribution centre in Lichfield and a delivery hub in Stansted.
Ralph Tucker, chief executive of The Cotswold Company, said: “As consumers take a more considered view over their purchases, our proposition – centred on high-quality, made-to-last furniture that has been made to last generations – has never been more relevant.
“Combining this shift with the strength of our brand and the completion of several strategic initiatives, we have continued our strong momentum with another period of record growth in which we’ve significantly outperformed the broader homeware and furniture market.”
The Cotswold Company has recently opened its 15th showroom in Kingston and is planning to launch a 16th in Redbrick in the current quarter.
Looking ahead, Tucker said: “Now, with our enhanced delivery and distribution capabilities, proven AI capabilities, and expanding range of characterful and unique products, we have an even stronger foundation.
“This will enable us to accelerate our UK expansion, deliver further profitable growth, and strengthen our position as one of the UK’s most loved handcrafted homeware brands.”
