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Findel sales rise 8%

Multi-channel retailer Findel saw its group sales rise by 8% in 16 weeks to 25 July as it continued to implement its turnaround programme.

GENERAL MERCHANDISE

Findel sales rise 8%

Multi-channel retailer Findel saw its group sales rise by 8% in 16 weeks to 25 July as it continued to implement its turnaround programme.

Sales at online gifts business Express Gifts were significantly ahead of the same period last year while football kit retailer Kitbag recovered to have comparable year-on-year sales and growth in cash margin. However, Kleeneze fared less well as a combination of holiday periods and poor weather led to a modest decrease in sales.

Commenting on the performance, Findel chairman David Sugden said: "We are encouraged by trading in the first 16 weeks of the year, which suggests that our turnaround programme is gaining traction. Whilst the peak sales periods for the group are still to come and we remain cautious of the continuing pressures on consumer and government spending, we expect the current positive trading trends to continue.”

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