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Peacocks Group sales and profits soar

Peacocks Group, which operates value chain Peacocks and mature womenswear business Bonmarche, said EBITDA and sales rose across the group last year.

Group EBITDA was £77.2m in the 53 weeks to April 3, compared with £64m in the 52 weeks to March 28, 2009. Group sales were £720.9m, up from £679.1m the year before.

According to accounts filed at Companies House, sales at Peacocks during the year rose 7.4% to £526.8m driven by new store openings and a strong online performance. Like-for-like sales decreased 0.4% during the period.

As of April 3, Peacocks had 548 stores worldwide and opened 30 stores during the year.  It had 89 worldwide franchises.

Total retail sales at Bonmarche, the group’s mature womenswear chain, rose 2.9% to £194.2m, representing a 0.8% like-for-like drop. As of April 3 Bonmarche had 387 stores.

Meanwhile, group finance director Mike Killick has left the business. Chief executive Richard Kirk told Drapers that the group was seeking a replacement and that group financial controller Roy Ellis had taken on the role in the interim.

Killick had been at the business for ten years and has left to pursue other ventures, added Kirk.

For more on this story see this week’s Drapers magazine.

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