UK-based lifestyle brand The White Company has posted that its operating profits stood at £ 17.3 million in the year to the end of March.
Having presence with 55 stores across the UK, the brand notched up another year of double-digit sales growth at 12.6 per cent to £ 184.3 million. This marked a slight slowdown on the 14 per cent surge as against the previous year. “The current figures were achieved amid ‘difficult’ trading conditions on the high street and in comparison to a very strong year to March 2015,” emphasized Will Kernan, CEO, The White Company.
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The label posted 26 per cent growth across home and dining segment, and 16 per cent for daywear in the reporting period. It also noted a jump of 51 per cent in earnings. The Group opened stores in Meadowhall and Birmingham over the year, with further outlets since then in London’s Marylebone, Leeds, Liverpool, Bicester and Chelmsford. The company is also investing in enhancing its customers’ experience through world-class new stores across the UK.
