Growth in proprietary brands offset market decline at Ultimate Products
A strategic shift towards proprietary brands has cushioned Ultimate Products against a decline in consumer demand for general merchandise.
The Oldham-based homeware group, which owns Salter and Beldray, reported revenues of £144.9m for the year to 31 July 2026, down 3.5% from £150.1m.
Sales of its proprietary brands rose 5.3% to £128.4m as the group deliberately reduced non-core third-party clearance sales, which fell 60% to £5.5m.
Adjusted EBITDA fell to £10.0m as gross margin slipped to 22.6% from 23.2%, reflecting the... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
