Independent department store retailer Browns has reported another growth in sales as turnover surpassed £10m.
According to its latest filed accounts for the year ended 28 January 2023, total sales rose 22.4% to £10.9m from £8.9m in 2021, adding to its growth of 67.9% from £5.3m in 2021.
Pre-tax profit resulted at £699,000, down from £1.2m recorded the previous year.
Stated within its report, the company said that the year showed a return to full year trading and the return to anticipated gross margins with gross profit at 42%, improving from 41%.
“The return of consumers to the high street post Covid has given encouragement to the continuing viability for retail. This couple with our activity online and our website gives confidence for the future,” the company added.
“Further enhancement of our customer loyalty scheme will further project our market share achieved.”