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
Stanfords makes a return to profit

Stanfords, the map and travel book retailer, has reported that full year group sales have risen by 6.5% to £6.06 million as the company makes a return to profit.

GENERAL MERCHANDISE

Stanfords makes a return to profit

In the year to 31 March 2015, the company achieved a trading profit of £27,000.

Tony Maher, Edward Stanford managing director, said: “I am delighted to see the company continue to go from strength to strength.

“Our aim was to return the business to profitability in my second year, and with these results we’ve done just that; turning a £400,000 loss in 2013 to almost £30,000 profit last year.”

Maher said the year had seen a number of challenges, not least a 17% increase in the company’s rent for its shop in London’s Long Acre.

The company has introduced a range of new initiatives to boost trade including the Edward Stanford Travel Writing Awards, Stanfords Travel Writers Festival, horse-drawn omnibus tours of London and events both in London and Bristol.

Maher added: “I’m confident that these projects, and a number of others that we’ve yet to announce, along with the continued growth in our core business will continue to strengthen the brand for years to come. I’m excited to see where 2015-16 takes us.”

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