Online furniture business exceeds expectations

Online furniture retailer Nest has reported a growth in sales during 2020, exceeding expectations.

The business said sales of more than £4m had been achieved in the in the eight months ending 31 December 2021, with direct-to-consumer sales rising by 25%.

The growth rate has exceeded expectations by more than £100,000.

Nest said that its growth has been down to its growing online presence, which saw the business experience a surge in first-time internet sales during the year.

Meanwhile, B2B sales also increased and now account for 16% of total revenue.

“We are absolutely delighted with the success of the Nest year-to-date,” the company said, adding: “Especially during what has been such a turbulent and challenging time, not just for businesses but also for people in general.”