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Jacques Vert posts strong second half and Christmas performance

Jacques Vert said pre-tax profit more than doubled in its second half to October 24 and like-for-likes in the 10 weeks to January 2 rose 2.1%.

The womenswear retailer said its stronger autumn 09 product offer and rising online sales boosted performance over the second half.

Jacques Vert, which owns the Windsmoor, Precis, Planet and Jacques Vert fascias, said profits before tax rose to £2.9m in the 26 weeks to October 24, compared with £1.1m last year. Sales for the period were up 1.6% to £55.8m with a stronger margin of 65.3%, compared with 62.4% in 2008. Like-for-like sales rose 0.2%.

Jacques Vert saw a continued strong performance over the Christmas trading period in the 10 weeks since October 24, with like-for-like sales climbing 2.1%.

Jacques Vert chief executive Paul Allen said: “Sales performance improved continually over the period and the autumn winter 2009 product ranges have performed strongly. We have been particularly pleased with the performance of our online sales.”

Chairman Steve Bodger added: “Although there is still turbulence in the market and we face some challenges during the remainder of the year, we are confident that we are well placed to continue growing the business.”

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