The Range delivered a jump in pre-tax profits in its last full year as the value retailer continued on its successful streak of sales growth.
The value home retailer’s pre-tax profits grew 18% to £67.5m in the 12 months to January 29, 2017.
Its generated £761.3m in sales during the period – up 13% year on year – as it grew its store portfolio.
According to accounts filed at Companies House, it opened 19 new stores in the year. It made a swoop for former BHS sites and actively targeted units within town centres and shopping centres.
The retailer, founded by Chris Dawson in 1989, said it is optimistic about the future “given the continued growth and associated economies as well as the strength of the concept”.
The Range currently operates from around 145 stores, but Dawson previously expressed ambitions to have as many as 600 shops.
Current financial year
Since year-end, former House of Fraser boss Nigel Oddy replaced Dawson – once dubbed “Plymouth’s deluxe Del Boy” – as chief executive amid speculation of a future IPO.
Read more: Why has Nigel Oddy joined The Range?
Last month, The Range was given the green light on plans to build a new headquarters and superstore in Dawson’s hometown of Plymouth.