Monday, January 20, 2020

Brighthouse sales jump 13.2%


Rent-to-own retail specialist Brighthouse has seen revenue rise 13.2 per cent in its first half to £142.8 million as it seeks to build its online offering, it has been announced today.

Like-for-like sales increased 7.7 per cent in the six months to September 30th 2012 while EBITDA jumped to £22.1 million, up 11.1 per cent on the same period last year.

Improving its IT infrastructure is a primary concern for the retailer while strengthening its bricks and mortar portfolio also forms part of its ongoing strategy.

Over the half, Brighthouse opened 16 new stores across the country, creating 200 jobs and bringing its total number of stores to 269, while it has also invested significantly in staff training and development.

In terms of products, furniture continues to perform strongly while pre-Christmas trends indicate the ongoing popularity of technology such as tablets and large screen 3D TVs.

Commenting on the results, Leo McKee, Brighthouse CEO said: “Our customers are always our number one priority and we continue to work on improving the shopper experience.

“We are further investing in our IT infrastructure as we explore the most efficient and effective ways to serve our customers.

“We are confident that we can continue to grow and improve the business while maintaining our strong balance sheet.”