- Full-year pre-tax profits up 31% to £5m
- Sales rise 19% to £88m
- Like-for-likes up 13%
- Online sales rise 22%
Luxury retailer and brand Fortnum & Mason has reported record sales and profits boosted by a 22% jump in online sales.
Fortnum & Mason said pre-tax profits in the year to July soared 31% to £5m. Total sales rose 19% to £88m as like-for-likes increased 13%.
The luxury retailer and brand said its new website had proved “particularly successful” leading to the jump in ecommerce sales.
The retailer said its Heathrow Terminal 5 store and bar is performing ahead of expectations. Its flagship Piccadilly store’s sales were boosted by a new beauty floor and the relaunch of its wine and spirits department, the company said.
Looking ahead, Fortnum & Mason said it is predicting its best-performing Christmas driven by sales of its iconic hampers.
Kate Hobhouse, chairman of Fortnum & Mason, said: “We will continue to invest in the business to provide our customers with the best possible experience, in stores and online. I am confident that the upward trajectory of our business will continue.”
Last year the retailer opened its first store outside the UK in Dubai.