Heal’s starts the climb back to profit

Troubled trend-led retailer Heal’s has reduced losses by a third and increased sales.
In the year to September 2007, the privately-run business reported a loss of £4.8m compared with a £7.2m loss in the previous year and managed to push turnover up by 8% to £32.6m.

The company described the trading environment as “difficult and competitive” but said: “Following a relatively flat start to the year sales picked up significantly.”

Heal’s has set itself a goal of returning to profitability within two years.