THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Diamond Jubilee boosts sales at Stanley Gibbons

The Queen’s Diamond Jubilee and London 2012 helped to boost profits at collectable postage stamp retailer Stanley Gibbons as customers bought royal memorabilia and commemorative issues.

GENERAL MERCHANDISE

Diamond Jubilee boosts sales at Stanley Gibbons

The company saw its pre-tax profit increase by 8% to £1.8 million in its first half while gross margin percentage for the period was 44.5%  compared to 37.9% last year.

While sales dropped 2% to £14.7 million, online sales surged 90% as the company launched smart phone applications to provide its customers  with easier access to its products and services.

Stanley Gibbons also benefited from prevailing strong demand for rare stamps from China with sales double that of the prior period at £1.4 million.

Commenting on the performance chairman Martin Bralsford said: "I am delighted to report, yet again, profit growth in line with our expectations. The strength and reputation of the Stanley Gibbons brand, together with the benefits from the sound execution of strategic initiatives, ensure that the business is not overly dependent on any one region or product category.

"The executive team is making good progress towards delivering on key aspects of the strategy driven by the growth of our online trading model and auction services. As a result, your Board is confident about the prospects of the Group for the second half of this year and beyond."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
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
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing