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Losses widen at Adili

Sales at ethical etailer Adili rose by 78% for the six months to October 31, pre-tax losses widened to £901,000.

Adili saw sales rise to £249,825 for the six months period, but losses before tax reached £901,000 from £631,072 in the same period last year.

Adili’s sales grew by 102% between December 21 and January 26. This was on the back of a 33% increase in sales for the four weeks ended December 21.

During the half year, Adili launched its own label range and re-launched its website in November. The number of unique users reached 239,715, compared to 172,674 in 2007.

Nick Samuel, former chief executive of Hobbs, who was appointed chairman of Adili in October, said: “I am pleased that the business continues to make progress despite the worst trading conditions the retail sector has seen for very many years.”

He added: “Over the half year Adili delivered strong revenue growth and achieved some important operational goals including the launch of Adili’s own label ranges, a significant expansion in the number of ethical brands and lines we offer and, in November, the launch of a new website. Looking ahead, we expect market conditions to remain very challenging but anticipate satisfactory growth in revenues.”

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