Monday, January 6, 2014

News: Crawshaws Group deliver

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Crawshaw, the Rotherham-based meat-focused retailer, has enjoyed an increase in like for like sales over the important Christmas trading period.

The news builds on the financial results for the six months to the end of July when the Bradmarsh Business Park company reported an increase in sales and profit indicating that it has established its recovery in difficult High Street trading conditions and is overcoming government changes to the rules on VAT.

Established in 1954, the firm has been trading on the stock market since 2004. It was acquired by Felix Group plc in 2008. It has 20 retail outlets throughout Yorkshire, Lincolnshire, Nottinghamshire and Humberside and two distribution centres, in Rotherham and Grimsby.

In a recent trading update, Crawshaws reported that like for like sales for the seven weeks since September 26 were up 18% and has today reported that like for like sales for the seven weeks to December 2013 were up 21%, both at a higher gross margin.

Crawshaw said last year that it was considering restarting its store expansion programme on the back of increases in gross profit, profit before tax and overall sales.

The retailer recently opened a new retail outlet, in the new Sheffield covered market, which it said is trading well, and added that it is close to completing the lease on a retail premises, also in Sheffield.

Richard Rose, chairman of Crawshaw, said: "Our customers are spending more with us, and we have attracted a lot more customers. This reflects the excellent quality and value we offer. The improvements in trading performance are spread across most of our stores, and this gives me much confidence for the future. We are excited to have been able to restore our store expansion program, albeit in a very controlled manner."

Crawshaw website

Images: Crawshaw / twitter

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