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The Original Factory Shop posts 30% growth in pre-tax profits in H1 2012

RBR Staff Writer Published 16 October 2012

UK-based discount department store operator,The Original Factory Shop, reported a 30% increase in its pre-tax profits for the six months period ending 30 September 2012.

Like-for-like sales rose 5.8% with the sales of home, hardware and electrical sales growing 25% when compared to the figures of the corresponding period in 2011.

The Original Factory Shop chief executive Angela Spindler reportedly told the Telegraph that the growth is due to consumers looking for quality products at good prices.

"Our model thrives in towns that are under-served. We usually open in a boarded-up store, petrol station, or nightclub," said Spindler.

The retailer sells a wide range of discounted products and has 183 outlets in the UK.

The company has opened ten new stores this year and plans to expand to a total over 450 outlets by 2018.