Beaverbrooks talks up the high street and staff investment

Beaverbrooks has released its annual financial results as it celebrates its 100th anniversary.

For the full year to 2nd March 2019, turnover increased 2.9% to £127.4 million with operating profit before discretionary payments at £12.4 million. Gross profit margins reduced to 16.4% (2018: 17.3%) as a result of subsidiary results, investment in staff salaries, training and new stock lines in preparation for the 100-year birthday celebrations.

“These results demonstrate that the combination of a sound strategy and continued investment in people, product and our presence on the high street, can deliver sustained success,” says Anna Blackburn, Managing Director.

“The jewellery market is highly competitive, but we firmly believe that the experience of coming into a high street store adds value to our customers. We have continued to invest in our people to ensure our customers have the best shopping experience at Beaverbrooks.”

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