Bonmarche reports FY revenue up , like-for-like sales rise
today Jun 15, 2015
One of the UK's largest women's value retailers, Bonmarché, saw a continued increase in market share and rise in both revenue and like-for-like sales in the year ended March 28, 2015.
Revenue rose 8.7% to £178.6m in the period, while like-for-like sales were up 4% (6% including online.) The retailer's share of the UK women's clothing market increased by 12.8% to 4.4%. Bonmarché's EBITDA was up 13.6% at £15.5m.
Beth Butterwick, Chief Executive of Bonmarché, commented: “I am satisfied with the current year’s performance, in a year of contrasts between a strong performance in the first half, supported by good weather, versus a more challenging second half of the year.
Against this backdrop, we have continued to deliver improvements across the business and have achieved solid profit growth. The Group’s financial position is sound, and we enter the new financial year with a strong balance sheet and confidence in our ongoing growth strategy.”
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