Bensons for Beds has posted an 8% increase in third quarter like-for-like sales, hailing significant sales growth of Eve Sleep, nine months after its acquisition.
The bed and mattress retailer maintained its upward growth momentum in the three months to the end of June, despite dipping slightly from the 9% rise in the previous quarter.
Bensons for Beds said it “continued to see strength” in its digital offer, with revenue rocketing 21% over the three-month period thanks to its investment in omnichannel capability.
The retailer reported its Eve Sleep acquisition had seen “significant sales growth” thanks to the introduction of its mattresses in stores and said that its website “continues to trade profitably”.
Chief executive Nick Collard noted that the impact Eve Sleep is making gives the retailer confidence that it’s building “a unique portfolio of sleep solutions that can cater to every individual need”.
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Bensons for Beds plans to “open and relocate a significant number of stores” during the next quarter as part of its plans to increase investment in its retail estate over the next two years.
Collard said: “The steady nature of our growth across the quarter and year to date, is a reflection of the significant work behind the scenes at Bensons to transform our business.
“I’m especially pleased at the successful introduction of Eve Sleep to stores. We knew when we acquired the business last year, we could offer it significant opportunity to grow under our ownership.”
”And while there’s no doubt the UK’s economic situation will continue to bring challenges, we’re pleased with the continued and consistent progress this year,” Collard concluded.
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