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Sales smarten up at Charles Tyrwhitt

Men’s tailoring retailer Charles Tyrwhitt increased its staff numbers by nearly a fifth last year as sales soared 25%.

In the year to July 28, 2012, turnover climbed 25% to £98.4m, while operating profit grew 5% to £7.6m.

Over the same period, the business increased its head count from 400 to 480, and ended the financial year with 14 stores in the UK, one more than in 2011.

The retailer also sells via mail order and through its transactional website.

In the current financial year, Charles Tyrwhitt has created at least 12 new jobs with the opening of a Glasgow store, its second in Scotland.

Growth was underpinned by focusing on its core product category of men’s formalwear and improving the distribution of mail-order catalogues, according to accounts filed at Companies House.

The sales growth over the past year maintains Charles Tyrwhitt’s previous progress – in the year to July 30, 2011, turnover climbed 38.5%, from £56.8m to £78.6m, and operating profit rose 45.9% to £7.3m.

No one from Charles Tyrwhitt was available for comment.

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