THE RETAIL BULLETIN - The home of retail news
20 years serving the retail industry
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
Retail HR 2022
THE Retail Conference 2022
Retail Women In Leadership 2022
Digital Transformation Strategy 2022 Part 2
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Beaverbrooks hails record breaking sales

Beaverbrooks, the family-owned jewellery and watch retailer, has posted record breaking sales in its latest accounts with turnover up 64.4% on its 2020-2021 financial year. Sales… View Article

FASHION

Beaverbrooks hails record breaking sales

Beaverbrooks, the family-owned jewellery and watch retailer, has posted record breaking sales in its latest accounts with turnover up 64.4% on its 2020-2021 financial year.

Sales were also 41.3% higher than its most profitable centenary year in 2019-2020. The retailer put the uplift down to its focus on protecting and engaging staff across its 70 stores, head office and warehouse operations. This has included introducing a new profit bonus for to support the finances of office teams and store management during the cost of living crisis.

Meanwhile, operating profit surged by 117% to £35.3 million year-on-year.

Anna Blackburn, managing director of Beaverbrooks, said: “We are absolutely delighted with this year’s financial results and are immensely proud of our people for coming together and helping to deliver a record-breaking year of sales. We also cannot thank our customers enough for their continued loyalty through these uncertain times, especially through the ups and downs of the pandemic.”

Now in its 103rd year, Beaverbrooks said key business strategies have included additional investment in stock to help mitigate disruption to product availability and the launch of the Loupe luxury diamond, jewellery and watch brand. Loupe opened a flagship boutique in Milton Keynes in June and will launch a shop in Croydon in the spring of 2023. It is also planning to introduce a luxury ecommerce site later in the year.

Mark Adlestone, chairman of Beaverbrooks, said: “As a family-owned business, doing the best thing for our people is in our DNA, and this is reflected in every decision we make as a company. By staying true to our values, we have been able to deliver a record-breaking year of sales and profit – introducing a profit bonus, protecting our colleague’s jobs and keeping pay and hours fair.”

Beaverbrooks operates 70 stores across the UK.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News