Monday, June 25, 2012

News: Rise in sales at Crawshaw


Like for like sales are now running at 4% higher than last year at Crawshaw, the Rotherham-based meat-focused retailer.

In their financial results for the year January 31 2012, the Bradmarsh Business Park company saw sales for the year of £18.9m, slightly down from the previous year (£19.1m). Like for like sales were down 4%.

Since then, the AIM-listed company has seen sales increase.

Richard Rose, chairman at Crawshaw will make the following statement with regard to current trading at their AGM: "As reported previously, following managements' actions to stimulate growth, like for like sales have significantly improved since last autumn and I am pleased to announce that this trend has continued. Year to date like for like sales are now running at 4% higher than last year."

The group, which has 20 retail outlets, reported that sales in May were particularly encouraging with legacy stores being 6% higher than the same period last year and newer stores being 12% higher than the same period last year.

Overall sales in June are running in line with trend at 4% higher than last year, despite the recent lack of BBQ sales opportunities, as compared to the previous year.

In May the chairman stated that his confidence has been undermined by the Chancellor's decision to propose the introduction of VAT on hot food. Today he added: "The recently announced concessions have helped in so far as we would be permitted to sell such items "on the cool" VAT free. This does however create in itself some anomalies, particularly affecting our small format stores.

"We have therefore made further representations to the Treasury, both in writing and in person, and are hopeful that workable solutions can be found."

Crawshaw website

Images: Crawshaw


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