Safestyle UK, the retailer and manufacturer of PVCu replacement windows and doors, has suffered a fall in half year revenues as it faced an “extremely difficult” trading environment.
Commenting on outlook, the company said: “The trading context of the UK economy and consumer confidence remains extremely difficult. “Encouragingly, inflation is beginning to show some signs of moderating, but that follows a period of sustained high inflation. The impact of significantly higher interest rates than expected is clearly impacting consumers' disposable income.
“As reported in our trading update on September 19 2023, whilst our order intake went according to plan in early August, the period since mid-August has been challenging with independent indicators of market health, such as online search activity, showing that the current market is performing at c.24 per cent below the July and August levels of 2022. “Pleasingly, our order intake has not fallen this far, being down c.
“We continue to attempt to stimulate demand and purchase intent through a combination of our online activity, the deployment of our upgraded website, discount management and our commitment to a leading consumer finance portfolio.”Did you know with a Digital subscription to Yorkshire Post, you can get access to all of our premium content, as well as benefiting from fewer ads, loyalty rewards and much more.
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