Friday, February 22, 2019

Bonmarché reports strong results “amisdst difficult trading conditions”


Value women’s retailer Bonmarché, has reported encouraging preliminary results as it continues with its brand modernisation journey.

In the 52 weeks to 26 March, total revenue grew by 5.3% to £188m in comparison to £178.6m in 2015. Store like-for-like sales increased by 0.7% and online sales were up by 3.6%.

Bonmarché’s profits before tax were down slightly at £9.6m in comparison to £12.4m last year, yet remain in line with the company’s revised expectations.

In the full year period, the women’s fashion chain opened a further 20 new locations which contributed to £4.7m additional sales.

The fashion retailer improved its size availability through the year which resulted in a 15% sales growth across leisurewear, skirts, trousers and lingerie.

Bonmarché,  also boasted 19th place in The Sunday Times “Best Large Companies to Work for” survey.

 “Bonmarché’s performance for the year has been achieved amidst the difficult trading conditions widely reported across the retail sector. We have emerged from this period with a clear focus on our five key strategic pillars for growth” said Beth Butterwick, Bonmarché Chief Executive.

“With significant improvements for the benefits of our customer, we are focused on driving our modernisation plan over the coming year. We firmly believe that with its unique position as a niche retailer, focused on catering for the mature female demographic, Bonmarché is well placed for the future.”