Fenwick full-year losses widen as pre-pandemic sales slide

Fenwick

Fenwick has suffered widening losses and falling sales in a what is described as an “extremely challenging” year, Retail Week can reveal.

The department store retailer posted a pre-tax loss of £47.3m in the year to January 31, 2020, compared to £44.2m the previous year.

On an operating basis, before exceptional items and changes in property values, Fenwick trimmed its losses from £17.3m last year to £11.8m. 

Fenwick’s net sales declined 9% year-on-year to £271.5m and gross margin declined at a similar rate.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.