Retail
Sofa retailer CSL’s profits soar on back of record sales
(CRAINS MANCHESTER) - Wigan-based sofa retailer CSL today said profits shot up to £4.8m last year compared with £713,000 in 2008.
Sales in the year to December 31 were up 51 per cent to a record £72.5m (2008: £48m).
The family-owned company, which owns 16 stores in the North of England, said a strong Christmas trading period had contributed, with like-for-likes for the four weeks to January 3 rising 61 per cent to £6.06m.
Many retailers are reporting impressive like for like gains for Christmas 2009, largely because the equivalent period in 2008 was the low point of the recession.
CSL, headquartered on Ashton Road in Golborne, said that during the week commencing with Boxing Day, the year’s peak trading period, it sold more than 1,000 suites sales on some of the busiest days
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