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House of Fraser posts rise in full year sales

RBR Staff Writer Published 23 May 2013

House of Fraser, a UK-based premium department store, reported 3.3% rise in underlying sales to £1.2bn on a like-for-like basis for the 52 weeks to 26 January 2013.

Online sales for period jumped 53%, representing 10.9% of sales. Adjusted EBITDA increased 4.3% to £61.1m.

The chain's gross profit amounted £403.8m, up £4.7m, against the same period last year.

House of Fraser CEO John King said the company had witnessed record sales and margins during the 52-weeks period despite tough trading environment.

"Our award winning multichannel business has performed exceptionally well and has substantial future potential, including internationally," King added.

"Our House Brands grew significantly in the second half of the year and this trend has accelerated during the first quarter.

"We have strengthened our relationships with our brand partners and continued our collaborative approach to improving store environments and selectively refurbishing stores which have generated sales growth and positive returns."

House of Fraser operates 60 outlets across the UK and Ireland.