Plus-size retailer Yours Clothing plans to open 10 new stores this year and push its online business after returning to profit.
The Midlands-based retailer has 38 stores selling own-label clothing for women between sizes 14 and 33. It launched a transactional website a year ago and has seen internet sales triple over the course of the year.
Chairman Andrew Killingsworth said sales in the year to January 31 2009 fell 4%, but the business is understood to be profitable thanks to improved margins and cost management. Accounts filed at Companies House for the previous year did not disclose turnover, but showed the company made a pre-tax loss of £80,128.
Killingsworth said he had axed some loss-making sites and opened new stores, which were performing well above the company average. He added that he was looking to open new stores in key city locations and larger shopping centres, to capitalise on the more affordable rents becoming available.
Killingsworth said: “Growth in our internet sales has been phenomenal. We are taking more orders online in a day now than we were in a week a year ago.”
The website is now Yours Clothing’s biggest store, added Killingsworth, who said he was aiming for 20% to 25% of sales to be generated via the website by the end of this year.
Yours Clothing is also looking to launch a catalogue this year.