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Soaring profits put USC back in black

Young fashion chain USC has returned to the black and posted pre-tax profits of £1.3m for the year to January 31.

The multi-brand chain has returned to profit after it was bought out of administration by its owner, private equity firm West Coast Capital, in December 2008.

Accounts filed at Companies House showed that USC’s 38 stores and its website posted a turnover of £69m for the period, compared with £4.9m the year before.

The company said in a statement: “Trading in the current year has been positive and the outlook for the future, although challenging in this economic climate, is still encouraging.”

USC added it would use its website to trial new brands before introducing them in stores.

The chain, which is owned by entrepreneur Sir Tom Hunter, operates in locations including Manchester, Glasgow and Edinburgh. It offers premium streetwear and denim brands such as Diesel, Replay and Miss Sixty.

USC plans to open three to five UK stores each year and will begin to sell to overseas shoppers via its website.

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