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Turnover increases 9% at Home Bargains

Home Bargains store 725 x 500

Accounts filed at Companies House show that discount retailer Home Bargains achieved sales of £1.6bn in the year ended 30th June 2016, up 9% on the previous year.

The Liverpool-based retailer cited the opening and additional stores and re-siting of others for the £130m rise in turnover, along with an improved performance by its existing store network.

Operating profit decreased from £147m to £137m, a drop of 7%. 

Home Bargains operated 408 stores at the end of the reporting period and has added a further 12 since.  The value chain plans to open a further 30 stores next year, bringing the total to 450, which it hopes will 'lead to further growth and profitability'.

Source : Insight DIY

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25 November 2016

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