Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Fenwick eyes retail expansion as it reports modest growth

Fenwick said it is looking to expand its retail portfolio, as the 11-strong department store chain reported gross sales increased by 2.1% to £433.8m for the 53 weeks ending January 31 2014, compared with £424.7m during the same period in 2013.

Turnover was £295.8m, compared with £289.7m for the same period the previous year, while pre-tax profits dipped to £35m, against £36.2m last year.

The board of directors said the group was pleased to record modest growth despite “a continuing squeeze on disposable income ensured a challenging environment for consumers”.

“The group continues to look for opportunities to expand its retail footprint,” said secretary J Anders in documents filed to Companies House, but the retailer did not provide any specific details on its plans.

“The group is committed to grow market share and raise the brand’s profile via new stores and online expansion.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.