Ulferts International Faces Revenue Decline Amid Market Challenges

Ulferts International Limited (HK:1711) has released an update.

Ulferts International Limited reported a decrease in total revenue to HK$79.4 million for the six months ending September 2024, amidst a challenging market environment. The company, a leading retailer of European-imported home furniture in Hong Kong, experienced a net loss of HK$11.1 million as retail sales from its brands like ‘Ulferts’ and ‘Slumberland’ saw a decline. Despite the losses, Ulferts continues to focus on market segmentation and online platforms to enhance its reach and adapt to consumer preferences.

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