BeModern Faces £1M Loss, But Sees Turnaround

South Tynesides BeModern furniture company faced a challenging year with increased losses, slipping turnover, and dropping gross profit. Rising labor and raw material costs, along with broader pressures from the cost of living squeeze, contributed to the downturn. However, the company made strides with cost cuts, new product lines, and a strong half-year turnaround. Despite cautious optimism about maintaining margins, BeModern is focused on growth investments and further savings opportunities. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/39a163691408d2e2