Housewares Business-to-business magazine for housewares retailers and their suppliers
Wilkinson has achieved record sales and increased footfall as recession-driven consumers increasingly turn to value retailers.
In the year to January 30 2009 the company posted a record annual turnover of £1.45bn, up 6.2%, and enjoyed a 4.5% rise in footfall. It said that 224m shoppers had visited its 321 shops.
However, operating profit slumped from £48.8m to £31.6m as the retailer opened 26 new stores, boosting selling space by 7.4%. It also invested in shop refurbishments and installed new IT systems.
Wilkinson said that it was “in excellent condition to grow sales, profit and customers.”
