PowerHouse set for store growth

New PowerHouse chief executive Peter Halkett will focus on store growth once the business turnaround is complete.

Pacific Retail Group bought the electricals retailer from receivership last year.

Halkett said that PowerHouse is now trading at the level achieved last March, and expects to bring the business into profit next year.

He then aims to grow the chain to 200 stores over the next three years and reach sales of£450 million - more than was generated by the 220 stores run by the former management.