Turnover at Fraser Hart Limited increased by 5.72% to ₤ 80.8 million in its fiscal year ending June 2017.
The nationwide jewellery seller, which commemorated its 80th anniversary last Christmas, now has 40 display rooms throughout the UK trading as Fraser Hart and a more 14 shops in Ireland under the Fields fascia.
Inning accordance with accounts submitted with Companies House, running revenue increased from ₤ 3.5 m to ₤ 4.6 m.
Overall, the jeweller’s earnings for the fiscal year skyrocketed from ₤ 935,000 in 2016, to ₤ 1.7 m in 2017.
Inning accordance with the reported the Board is “fairly pleased” with the efficiency in the year and stays favorable about the longer term development potential customers.
Looking ahead the report states the business will continue its pursuit of market share and development through an upgrade of existing shops, and providing high quality item, competitive rates and remarkable service to its retail clients.
Talking With Professional Jeweller, Fraser Hart’s retail director, Richard Parsons, exposed the changed Brent Cross store has actually currently led to a boost in jewellery sales, and has actually bolsted service much more than the business anticipated.
The next shop to be upgraded will be the seller’s Stratford display room.
Throughout 2018 the business informed Professional Jeweller it will likewise be concentrating on omnichannel, ensuring the consumer experience is extraordinary and structured throughout every retail platform.
Check out everything about the merchant’s brand-new shop format and prepare for development in the April problem of Professional Jeweller.