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The White Company profits inch up

Lifestyle brand The White Company has enjoyed rises in full-year profits and sales, despite a “backdrop of tougher trading conditions”.

Operating profit at the company grew to £17.6m in the 52 weeks to 25 March, up 2% on the previous year.

Sales rose by 7.6% to £198.4m, after its UK stores and website saw “solid growth”.

The business opened stores in Chelmsford and Liverpool and a concession at department store Elys of Wimbledon during the period, bringing its UK store count to 51 and number of concessions to seven.

It also invested in a new web platform and warehouse management system.

Outside of its UK business, The White Company opened its first stores in New York and New Jersey – marking its debut in the US – as well as an outlet in Kildare, Ireland.

Chief executive Mary Homer, who joined the retailer in late March after departing as managing director of Topshop, said she will oversee investment in IT and infrastructure in the coming year.

The company will also relocate to new headquarters at the Television Centre in London’s White City, from its head office in Kensington.

Homer said it will mark “a year of consolidation” that will position the retailer for “future growth”.

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