Findel makes ‘solid start to the year’ ahead of AGM

Findel Studio

Findel has said it has made a “solid start to the year” and its full-year financial guidance remains unchanged, ahead of its AGM this afternoon.

The online value retailer gave a trading update for the 16 weeks to July 19, 2019, in which it said Studio, the largest business within the group, grew revenue by 3% ”in this relatively quiet period”.

This was up 11% in the first quarter against what it called “a full-year outturn of 8%”. 

Findel said Studio’s sales were boosted by the successful rollout of its app and “cash at the point of sale” function, and that its value proposition ”continues to prove attractive to customers”.

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:

  • 3 free articles a 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.