Kitchenware retailer, Procook has reported an increase in revenue.
In the 12 weeks ending January 8, Procook revealed its total revenue – excluding that from discontinued Amazon channels -has increased by 0.8%. Like-for-like revenue fell 3.8% in the quarter, although it was 108.7% higher compared to before the pandemic in 2020.
The company said during the final four weeks of the quarter, total revenue grew by 2.9% year on year – or 5.9% excluding Amazon channels – after the business saw a “notable shift” in retail as customers returned to physical stores in the lead up to Christmas, partly driven by the risk to home delivery due to strikes.
Daniel O’Neill, chief executive and founder of Procook, said: “While we remain mindful of the current economic climate, the group’s recent performance positions it well to deliver on current market expectations for the full year.
“Our plan to maximise our trading performance and profitability will enable us to emerge stronger from the challenging trading environment and we remain confident that we will capture increased share of the large kitchenware market with our specialist offer.”