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Fortnum & Mason, Dyson, Metro Bank: Everything that matters this morning

Marketing Week 25 Nov 2019 07:42

FortnumandMasonFortnum & Mason experiences seventh year of growth

London department store Fortnum & Mason has enjoyed double-digit growth for the seventh year running, with profits up by 26% and sales rising by 12% over the 12 months to 14 July 2019.

Like-for-like sales at the flagship store in London’s Piccadilly showed a 6% increase and online sales increased by 13% on the previous year. Sales at the St Pancras International station site rose by 15%, while continued growth overseas saw sales increase by 16% in Hong Kong, where a new store opened in April, and 28% in Japan.

“We are very pleased to report another year of strong growth across our business, particularly within the context of the significant challenges facing the retail sector,” says Fortnum’s CEO Ewan Venters.

“Our reputation for delighting our customers around the world with the finest products and exceptional service drives us all to keep innovating and searching for the best partners and suppliers.”

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