Independent department store Browns has reported continued sales growth, with turnover exceeding £11 million. For the year ending January 27, 2024, total sales increased by 5.5%, reaching £11.5 million, up from £10.9 million in 2023. This follows a significant growth of 22.4% from £8.9 million in 2022.
However, pre-tax profit fell to £232,000, a decline from the previous year's £699,000. In its report, Browns, which operates four locations in York, Helmsley, Beverley, and Gainsborough, highlighted its strategy of expanding the merchandise mix by introducing new brand partners. This move is expected to enhance product variety and contribute to future sales growth.
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About Browns
Since opening the first store in York in 1890, Browns have been running an independent family-owned department store for over 130 years.
Expanding into other locations; Helmsley, Beverley and Gainsborough, Browns have created an experience within their stores, where a stunning selection of products and services are on offer within one concept.
The founder Alderman Henry Rhodes Brown twice became Lord Mayor of York in 1913 & 1932, declaring Skeldergate Bridge free of tolls on April 1st, 1914.
In 1990 the company changed its name from W.P Brown to Browns as it still is today. This then followed with expansion into other areas, with the opening of the Helmsley Store in 1992, Beverley Store in 2010 & the Gainsborough Store in 2012.
Source: www.bigfurnituregroup.com