Interiors and fashion retailer Joe Browns has seen sales and profits jump in its past financial year, helped by booming homeware sales.
Homeware sales jumped by 43%, easily outstripping fashion, as overall sales rose by 20.9% to £47.3m. It saw retail sales rise by £1.6m; mail order by £6.1m and wholesale by £500,000 in the year to 20 June 2022.
Pre-tax profits rose from £4.85m to £5m.
The company paid dividends of £2.5m during the year, down from £5.5m, but then paid another £2m after the year-end.
‘We are really pleased with both sales and profits. It’s testament to the amazing team we have here across every area of the business. We expect the external trading environment to remain challenging. As such creating stand-out, remarkable product has always been central to the Joe Browns business and this ethos has never been more important than today,’ says Peter Alecock, Joe Browns chief executive.
The company is currently nearing the completion of a £2m expansion and upgrade of its central warehouse near Leeds which is expected to be completed in the third quarter of the year. This is the second expansion in three years.
