Plus-size retailer Yours Clothing has posted soaring full-year profits despite “the cloud of Brexit casting its shadow”.
Yours’ profit before tax rose to £12.4m for the 12 months ending February 2019, compared to £6.5m in the same period the previous year.
The retailer’s total sales jumped to £105.5m for the same period, up from £88m the previous year.
Gross profit saw an uptick of three percentage points to £66.2m, driven by a “focus on improved quality, more relevant seasonal product and better buying techniques”.
Although Yours posted strong results, it said “uncertainties relating to Brexit will inevitably impact upon the company” and could lead to “significant downturn in the UK and European economic activity”.
The retailer said despite the “cloud of Brexit casting its shadow” it looks forward with “optimism to the new year.”
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