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.”