Likewise accelerates in tough markets
May 30, 2023
Fast growing UK floor coverings distributor Likewise has said sales are up nearly 18% despite challenges in the new build and refurbishment markets.
In a trading update ahead of the plc's AGM on June 29, chief executive Tony Brewer announced year to date group revenue has now increased by 17.7% against the corresponding period last year and the Likewise branded businesses were up 24.5% due to the ongoing investment in sales and marketing continuing to accelerate gains in market share.
He said the Group was "absolutely committed to developing Likewise to
achieve its medium term objective of progressing through £200 million sales revenue."
Likewise's new High Bay Distribution Centre in Glasgow will commence operations today to provide significant extra storage and processing capacity for both Scotland and into the Likewise logistics network for England and Wales.
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