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
Original Factory Shop profits up 30% in first half

Discount retailer Original Factory Shop saw its like-for-like sales rise by 5.8% in its first half as a 25% rise in sales of homewares, hardware and electrical items boosted trade.

GENERAL MERCHANDISE

Original Factory Shop profits up 30% in first half

In the 26 weeks to 30 September, total sales increased by 13.6% while pre-tax profit grew by 30%. The company said that its best selling products included Vax steam machines and and Tefal products.

Commenting on the results, chief executive Angela Spindler, said: "People are not looking for cheap things, they are looking for quality products at good prices. Our model thrives in towns that are under-served. We usually open in a boarded-up store, petrol station or nightclub."

Original Factory Shop opened 10 new stores this year. It now operates 183 stores and aims to build the total to 450 during the next six years.

The company is also growing its online offering by launching an improved website later this month.

Spindler added: "Our online offer has gone from strength to strength and the improved transactional website will continue to support our online growth."

Regarding the outlook for the rest of the year, the company said: "We anticipate a good Christmas and look forward to continued momentum and growth in the remainder of the year."


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