Department store retailer grows sales despite store closure

Home furnishings department store retailer W.J. Daniel & Company has reported another growth in sales while also remaining profitable.

According to its latest filed accounts for the year ended 29 January 2023, total sales rose 16% to £12m from £10.4m in 2022, further adding to its growth of 58.3% from £6.5m in 2021.

Pre-tax profit resulted at £564,000, down from £860,000 recorded in the previous year.

Stated within its report, the company said: “During the year, the Chiswick store closed trading as at 30 November 2022, however, the directors consider the overall trading performance to be in line with expectations and reflective of the general trading conditions and uncertainty of other retailers.”

Looking ahead, the company, which trades from its Windsor and Ealing stores as well as online, added that it will continue to examine new business opportunities, including the expansion of its online consumer offerings, as well as investing in property and schemes.

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