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

The Original Factory Shop sees profits leap

The Original Factory Shop saw pre-tax profits rise by 16.4% to £7.6 million for the year ended March 31 defying the downturn.

According to The Daily Telegraph The Original Factory Shop saw sales climb 17.4% to £82.1m for the year. Like-for-like sales rose by 4% over the period.

The Original Factory Shop added that the performance had continued into its new financial year, with like-for-like sales over the last four months up by 3.2% and total sales up 17%.

The Original Factory Shop chief executive George Foster said that the chain was attracting shoppers because of its value proposition. The retailer plans to capitalise on the demand for low price points by opening 20 new stores by the end of the current financial year.

Foster added: "Despite the difficult retail climate, our last financial year has been our strongest yet."

The Original Factory Shop was bought by private equity house Duke Street Capital for £68.5m last December.

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.