Wren Kitchens announced it was closing all 15 of its US stores; However, the British firm has confirmed that this will not affect its UK stores.
Wren Kitchens is one of the UK’s leading kitchen retailers and go to spot for new Think kitchen. It opened its first US-based store in 2020 and has 15 brick-and-mortar locations in America, along with its in-store Rain Kitchen Studio at Home Depot. However, last week, workers were told that all US Rain stores would close immediately.
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What does it mean for UK stores?
ft Furniture The retailer stressed that the US business is a separate legal entity from the UK, so it will be unaffected by the decision.
‘We reluctantly decided to appoint a trustee to manage our exit from the US market, in accordance with US regulations,’ commented Verne CEO Mark Pullen. ‘We regret the impact of this decision on our US colleagues and our customers and thank both for their support.’
‘Our focus is on further growing the UK business, where last year we recorded our second most successful year since launching and hit the £1bn turnover mark with strong profits despite a sluggish market.’, the CEO reassured UK customers.
(Image credit: Getty Images)
Encouragingly, this market growth picked up in the first quarter. These results reflect the hard work and dedication of our teams across the business and our continued reinvestment in the business – more than £500m over the past 15 years.
‘We are starting to see the early benefits of investment in our new factory, which is increasing both capacity and efficiency, while continued investment in our UK operations is helping to improve resilience, support fuel price stability and reduce our environmental impact.
‘While we bear in mind the potential uncertainties arising from the geopolitical situation, we are confident in the strength of our business and with all our focus on the UK, we will accelerate our new store rollout program during the year, opening 15 new showrooms as well as new product categories.’
Wren was launched in 2009 and currently has over 124 showrooms across the UK, and has expanded their range to offer fitted bedrooms and dressing rooms. Their kitchens are made in the UK, with most of the kitchen components being made in a factory in North Lincolnshire.
