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David Sands celebrates profit rise

Scottish convenience store chain David Sands has reported a 4% increase in full-year sales to £41 million. Pre-tax profits rose to £1.6 million from £1.4 million last year helped by the launch of David’s Kitchen, the retailer’s own-brand range of soups, sandwiches, salads, and ready meals.

GENERAL MERCHANDISE

David Sands celebrates profit rise

Scottish convenience store chain David Sands has reported a 4% increase in full-year sales to £41 million. Pre-tax profits rose to £1.6 million from £1.4 million last year helped by the launch of David’s Kitchen, the retailer’s own-brand range of soups, sandwiches, salads, and ready meals.

David Sands opened two new stores in Fife in the past year and plans to open an additional two outlets in Glenrothes and Kirkcaldy in 2012.

Chief executive, David Sands, said: "Consolidation within the independent sector presents opportunities for us and we remain committed to expanding the David Sands business.

"We will continue, therefore, to explore any opportunity to purchase suitable existing retail outlets although building brand new stores will allow us to further develop our growing food-to-go business."

He continued: "The last year has been as challenging for us as it has been for the wider retail sector in Scotland.

"I believe that our decision to develop our own David's Kitchen brand of food to take away has given us a very clear point of difference over our competitors."

Founded in 1812, David Sands is family owned business currently operating 29 stores and employing around 700 staff.

 

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