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Ann Summers returns to profit

Ann Summers has bounced back into the black, reporting a £1m profit for the year ended June 27 compared to a loss of £2.6m last year.

The company said turnover was £106m compared to £101m for the previous year and retail sales rose by 7.6% on a like-for-like basis.

“We are continuing to roll out our store refurbishment programme, with 18 stores in our portfolio now having been refitted in 2015,” said chief executive Jacqueline Gold. “These stores significantly outperform the rest of our estate and we plan to refit the remainder of our core portfolio over the next three years.”

Ecommerce sales continued to grow during the period helped by the launch of click-and-collect alongside partnerships with eBay and Amazon, although Ann Summers declined to provide a breakdown of the figures.

“We have progressed and successfully launched our new web platform, which is showing promising results,” said Gold.

“Further online growth has been achieved through our new wholesale partnership with Asos.com, which is thriving and will continue to be a significant part of the business that we will continue to drive forward.”

Ann Summers is also set to launch a new ‘Rabbit’ dating app at the start of next year and a new six-part ITV drama series will launch focused on the early days of the Ann Summers Party Plan.

 

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