LJ Williams is hop­ing that re­struc­tured The Home Store op­er­a­tions will help turn around its de­clin­ing fi­nan­cial per­for­mances.

In the com­pa­ny’s re­port for the fi­nan­cial year end­ed March 31, 2025, it re­port­ed a loss af­ter tax of $2.8 mil­lion dol­lars.

Chair­man Law­ford Dupres ac­knowl­edged the com­pa­ny suf­fered from de­clin­ing sales at The Home Store which led to the clo­sure of three of its branch­es over the course of the fi­nan­cial year.

”As re­port­ed in our third quar­ter, The Home Store con­tin­ued to face de­clin­ing sales and stag­nat­ing mar­ket post the COVID-19 pe­ri­od. Ac­cord­ing­ly, the Board took the de­ci­sion to re­struc­ture the Home Store’s re­tail busi­ness.

“We closed three stores in FY 2025: C3 and The Falls closed at the end of De­cem­ber 2024 and East Gate Mall closed at the end of March 2025. We re­tained the out­lets in Barataria and Ch­agua­nas, and we ex­pect these changes will lead to bet­ter re­sults for The Home Store.”

Dupres not­ed group sales for the fi­nan­cial year were $160.6mil­lion, a de­cline of 6 per cent over fi­nan­cial year 2024.

He said, “The group’s op­er­at­ing prof­it was $7.14 mil­lion com­pared to $8.05 mil­lion for the pri­or year. How­ev­er, our prof­it be­fore tax was $2 mil­lion com­pared to $1.64 mil­lion in the last year.”

He stat­ed the group’s food & al­lied sales were flat over the pri­or year but with im­proved mar­gins.

He said “This di­vi­sion con­tin­ues to re­main re­silient in a dif­fi­cult mar­ket. The hard­ware di­vi­sion did well due to strong ex­ports. Our ship­ping di­vi­sion’s over­all busi­ness re­mained flat over the last fis­cal year.”

Dupres how­ev­er stat­ed the com­pa­ny’s Guyana op­er­a­tions con­tin­ued to show good progress.

He said, “We opened our sec­ond store in Guyana in No­vem­ber 2024 and the re­sults are promis­ing. Hav­ing re­struc­tured The Home Store op­er­a­tions, we ex­pect im­proved re­sults for FY2026.”