Heritage independent family owned department store chain Browns has more than doubled its profits as sales surpassed the £11m milestone.
According to its latest filed accounts for the year ended 30 January 2016, total sales grew 7.6% to £11.2m from £10.4m in 2015, whilst gross profit also experienced a growth of 7.3% to £4.4m.
W. P. Brown Limited, which has four stores in York, Helmsley, Beverly and Gainsborough, reported a pre-tax profit of £447,389, more than double its pre-tax profit of £222,006 recorded last year, highlighting an upward movement of 101.3%.
During the period under review, Browns indicated that its stores in both York and Helmsley underwent a refurbishment project, whilst revealing that it had sustained growth through direct promotional activity to its core Browns Reward Card customers, which now stands in excess of 100,000 holders.
Furthermore, Browns, which has been established since 1890, stated that it plans to invest in staff training throughout the year ahead, as well as introducing additional brands into its store estate to ‘refresh’ its customer offer.