'Satisfactory' results for Harvey Nichols
21st September 2012
HARVEY Nichols Regional Stores, the operating business for the luxury department store's shops in Manchester, Leeds and Edinburgh has reported higher sales but flat profits in a tough consumer market.
Director Gordon Drummond described the results for the year to the end of March as "satisfactory" in a weak enconomy.
Turnover rose 6.7% to £54.9m as ebitda and profit before tax held firm at £3.7m and £2.1m respectively. Gross margins were down a touch at 50.3% compared with 50.5% in 2011.
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