daniel stores

Department store retailer returns to profit

Home furnishings department store retailer W.J. Daniel & Company has reported a growth in sales and a return to profit.

According to its latest filed accounts for the year ended 30 January 2022, total sales rose 58.3% to £10.4m from £6.5m in 2021.

Gross profit increased from £2.5m to £4.6m, while pre-tax profit resulted at £860,000, up from a loss of £509,000 recorded in the previous year.

Stated within its report, the company said 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.

The company also revealed it is introducing unit stock control which will provide “improved management information going forward”.

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