UK DIY News
Strong Annual Growth For The White Company
Fashion and homeware retailer The White Company has reported on trading for the 70 weeks ended 3rd August.
The retailer has altered the dates of its financial year to correspond with that of its parent company and used a comparable 52-week reporting period in 2018-2019 to compare data with the 2017-2018 reporting period.
During the year, group turnover reached £217.4m, an increase of 7% on the previous year, and group operating profit of £14.4m, up 26%.
The performance was attributed to growth in UK stores and online, combined with international expansion. During the reporting period, the company opened two new stores and two concessions.
CEO Mary Homer said: “In the context of the turbulent retail environment, growth has come from all channels, with positive [like-for-like sales] in retail being particularly encouraging,”
“We have also made further strides internationally in line with our strategy. The investments we made in infrastructure, IT and moving to new headquarters have been instrumental in our growth. The performance of this current year is stable, which is encouraging in the current retail climate,”
Source : Insight DIY Team
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