Liberty is expected to move into profit by the end of the year, after clothing and accessories sales helped to push the store's sales up 6.4% to £33.6 million for the year to December 31. The sales boost came despite a 20% drop in selling space. Chairman Richard Balfour-Lynn told Drapers that cutting space by 20% had created a more cohesive environment at the store on London's Great Marlborough Street. He added that a more design-conscious customer and contemporary product had led to a 14% rise in menswear sales, with womenswear and accessories also growing. Pre-tax losses fell to just over £2.2m from £3.2m in 2005, as group sales rose 3.5% to £44m. A standalone store for the Liberty of London own brand is planned by the end of the year.