Sunday, November 19, 2017

Bonmarche reports huge profit rise

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Women‘s retailer Bonmarche has reported a strong set of results for the year as it opened garden centre concessions.

Taking out exceptional items, earnings rose 50.6 per cent to £13.7m. Profit rocketed 66.1 per cent at £8m. LFL sales were up 10.4 per cent as total sales rose 11.9 per cent to £164.3m. Online sales surged 84 per cent.

Beth Butterwick, Bonmarche chief executive officer said she was “pleased” with the results since its IPO and said the group has made “good progress” in its product, multi-channel, stores and service proposition. Bonmarche was valued at £100m when it floated last year.

It said it closed one store but trialled new refit concepts and relocated two stores.

Established in 1982, Bonmarché sells clothing and accessories in a wide range of sizes for women over 50 years old, via its own store portfolio, website, mail order catalogues and through the Ideal World TV shopping channel.

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