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
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Park Group hails 'excellent' year

Park Group, the multi-redemption voucher and prepaid card business, saw its pre-tax profit rise by 16% to £10.9 million in the year to 31 March.

GENERAL MERCHANDISE

Park Group hails 'excellent' year

Park Group, the multi-redemption voucher and prepaid card business, saw its pre-tax profit rise by 16% to £10.9 million in the year to 31 March.

The company also increased its billings which rose by 11% to £372.9 million, with billings for the consumer business growing by 8.4% to £196.8 million.

Online billings advanced 28% to reach £21.5 million. During the year, Park Group's hightstreetvouchers.com site served 200,000 orders and received 3.5 million visitors.

Chris Houghton, Park Group chief executive, said: “Park delivered an excellent result for the year under review with strong profit and revenue growth across the organisation and continued investment in systems, backed by healthy cash flows and a balance sheet free of bank borrowing. Trading momentum is continuing in the current year, which has started strongly.  We look forward with confidence and anticipate another period of sustained growth.”  

The company said that 86% of new Christmas orders from first time customers were placed online during the year. It also revealed that that the order book for Christmas 2015 is well ahead of last 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

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
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process