THE RETAIL BULLETIN - The home of retail news
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Health & Beauty
General Merchandise
Sports & Leisure
The Papers
Retail Solutions
Food & Drink

Women’s fashion retailer Bonmarché increased its pre-tax profit by 55.3% to £12.4 million in the year to 28 March despite a “challenging” second half of the year.


Women’s fashion retailer Bonmarché increased its pre-tax profit by 55.3% to £12.4 million in the year to 28 March despite a “challenging” second half of the year.

While like-for-like sales grew by 4%, or by 6% if online is included, revenue increased by 8.7% to £178.6 million.

During the first half of the year, sales climbed by 11.8% with store like-for-like sales growing by 7.8%. The retailer said the warmer than average weather led to strong demand for seasonal items such as jersey tops, cropped trousers, shorts and swimwear.

In the second half of the year, sales growth slowed to 5.7%, with store like-for-like sales edging up 0.2%, as the mild autumn weather impacted sales of knitwear and coats.

During the year, the retailer opened a net 29 new stores and concessions in target locations which contributed £8.3 million of additional sales. At the end of the financial year, the  store portfolio comprised 292 stores.

Improvements in Bonmarché’s multichannel operations helped to deliver 36% growth in online sales and a 32% increase in call centre sales.

Bonmarché chief executive Beth Butterwick said: "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."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News


Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Conference
The HR Summit 2019
The HR Summit 2019
8 October 2019
Hallam Conference Centre, London W1W 6JJ
The 11th HR Summit 2019, Hallam Conference Centre, 44 Hallam St, Marylebone, London W1W 6JJ
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy