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Boodles benefits from increase in customers from overseas

Boodles, the luxury jeweller, saw its pre-tax profits increase from £4.7 million to £6.2 million in the year to end February 2012.

GENERAL MERCHANDISE

Boodles benefits from increase in customers from overseas

Boodles, the luxury jeweller, saw its pre-tax profits increase from £4.7 million to £6.2 million in the year to end February 2012.

Turnover at the family owned company rose to £48.1 million from £41.9 million in the previous year.

Nicholas Wainwright, Boodles chairman, said: "We had a cracking year, thanks in part to higher value sales and international sales in London."

The company said that the number of overseas shoppers visiting its London stores was up 5% from five years ago which had helped it to withstand the difficult trading conditions in the UK.

Regarding the outlook, Wainwright said: "It think it will be challenging for the jewellery market this year, but there is business out there, you just have to try hard to win it."                             

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