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

Peacocks Group bullish about 2010 prospects

Peacocks Group chief executive Richard Kirk said the group had “never felt more confident” and was expected to reveal a strong return to form in the year to March.

Kirk said the group, comprised of value chain Peacocks and mature womenswear retailer Bonmarché, was set to notch up EBITDA of £80m in the year to the end of March.

However, in figures filed at Companies House this week, Peacocks Group reported EBITDA dropped to £64m in the year to March 28, 2009, down from £73.6m the year before. This was largely due to poor performance at the Bonmarché chain.

Kirk said last year’s performance was affected by the economy and a poor summer, with negative like-for-like growth in the first half leading to discounting.

Bonmarché recorded a 3.8% fall in total sales to £188.7m during the year, a 5.8% like-for-like sales drop.

However, Kirk said the chain had since clawed back the drop in the current year thanks to its refreshed David Emanuel tie-up range.

At Peacocks, sales rose 5.2%, a 3% like-for-like drop over the year. However, EBITDA rose by £3m to £4m in the year and Kirk expected EBITDA to climb 30% this year to about £70m.

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.