In the fiscal year ending December 31, 2022, Oliver Bonas reported a noteworthy increase in pre-tax profits, reaching £9.1 million—an impressive surge of 21% compared to the previous year’s £7.7 million, according to official documents filed with Companies House. The lifestyle retailer also experienced a substantial 23% growth in revenue, reaching £115 million during the same period.
Despite concerns surrounding high inflation, the company’s sales demonstrated resilience throughout 2022. Oliver Bonas, known for its appeal to the middle-class demographic, operates over 80 stores across the UK. In the past year, it successfully opened eight new stores and significantly expanded the size of two existing ones.
Looking ahead, the retailer expressed optimism for the new year, noting a slightly improved economic outlook as inflation eases. In light of these positive developments, Oliver Bonas plans to continue its store expansion program and enhance its omnichannel experience for customers.