Recession spurs record sales for Wilkinson

Wilkinson has achieved record sales and increased footfall as recession-driven consumers increasingly turn to value retailers.

Recession spurs record sales for Wilkinson

In the year to January 30 2009 the company posted a record annual turnover of £1.45bn, up 6.2%, and enjoyed a 4.5% rise in footfall. It said that 224m shoppers had visited its 321 shops.

However, operating profit slumped from £48.8m to £31.6m as the retailer opened 26 new stores, boosting selling space by 7.4%. It also invested in shop refurbishments and installed new IT systems.

Wilkinson said that it was “in excellent condition to grow sales, profit and customers.”

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