ProCook has seen its second quarter revenue fall by 9.1% year-on-year after a challenging summer, although it is looking ahead to a pre-Christmas sales boost.
The kitchenware retailer said the year-on-year decrease was driven by the combined effects of heightened pressures on consumer spending, the prolonged hot summer weather and the return of overseas summer holidays.
However, revenue was up 110.4% on a like-for-like basis compared to pre-pandemic levels and ProCook said it was encouraged by a much-improved run rate as it exited the quarter.
During the period, the retailer attracted 320,000 new customers and increased its 12-month repeat purchase rate to 25.3%. It also opened one new store and completed two relocations to larger sites in the same shopping centres