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WETHERBY cabinet maker Moores Furniture Group posted lower sales in 2016 as it enacted its plan to exit low-margin business.

 

The strategy, already signposted by its U.S parent company Masco Corp. in a series of filings by the building products conglomerate over the past two years, meant sales dropped 13 percent to £46 million in the year to end December.


That followed a decline of 2.8 percent the previous year for the Yorkshire based business, which supplies cabinet furniture such as kitchens into the both the retail sector and the private developer market.


Pretax losses widened to £3.9 million in 2016, from £3.5 million a year earlier.

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