Bonmarche sees profits rise

Fashion retailer Bonmarche, which has concessions in garden centres, has reported improved results

Bonmarche, which is aimed at older women, grew revenues 8.7 per cent to £178.6m, with like-for-like sales up four per cent. Including online sales, which were up 36 per cent, like-for-like sales climbed six per cent. 
Pre-tax profits were up 55.3 per cent to £12.4m.
Bonmarche opened 29 new stores during the year bringing the total to 292 and his a similar target of up to 25 store openings in the current financial year. The company doubled its garden centre concessions in early 2015 to 16, with Wyevale Garden Centre renting space to the group at centres including Bicester.
Bonmarche arranges its concessions direct with garden centres.
Chief executive Beth Butterwick said: "I am satisfied with the current year's performance, in a year of contrasts between a strong performance in the first half, supported by good weather, versus a more challenging second half of the year.
"Against this backdrop, we have continued to deliver improvements across the business and have achieved solid profit growth. The group's financial position is sound, and we enter the new financial year with a strong balance sheet and confidence in our ongoing growth strategy."
Fiona Cincotta, a senior market analyst at, said: "Bonmarche reported an outstanding 55.3 per cent jump in pre tax profits to £12.4 million. Like for like sales rose six per cent for the year whilst revenues jumped 8.7 per cent to £178.6 million. It continues to be a huge success story, as one of the most successful IPO’s, floating at 200p in November and currently trading at 285p. 

"These impressive results stem from a significant rise in online sales and a brand refresh which has clearly injected some energy. The two-pronged approach has captivated the customer and increased Bonmarche’s market share in a challenging environment. Going forward Bonmarche is well positioned to continue with its growth strategy and take advantage of the changing pension rules facilitating cash withdrawal for pensioners."

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