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

Sales and profits fall at Jacques Vert

Jacques Vert saw its like-for-like sales performance improve slightly to -5.4% in the run up to Christmas, but half-year sales and profits fell against the previous year.

Like-for-like sales at Jacques Vert, which owns the Jacques Vert, Windsmoor, Planet and Precis brands, fell 5.4% in the 11 weeks from October 25. However this was against a like-for-like fall of 6.8% for the 26 weeks to October 25.

Sales fell 5.8% to £54.9 million for the 26 week period and pre-tax profit fell from £3m to £1.1m over the six months.

Gross margin was in line with 2007 at 62.4% for the 26 week period. However this depleted in December because of widespread discounting.

Jacques Vert chairman Steve Bodger said: “The group’s sales and margin performance is creditable in an extremely challenging market. We expect the trading environment to continue in this way for some time and our continued emphasis will be on controlling costs, stocks and cash, thereby consolidating our strong balance sheet and cash position.”

Jacques Vert said customer reaction to its Sale has been “strong”. In a statement, the business said: “Our performance in December compares favourably with the market as a whole although the widely reported increase in the level of discounting in the market during this period has resulted in a slightly reduced gross margin % achieved compared with the previous year.”

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.