Robert Dyas sales up 14.7%
Hardware chain Robert Dyas has reported 14.7% growth in like-for-like sales between 1 November and Christmas Eve.
The retailer was acquired by Gladys Emmanuel Limited, a company wholly owned by Dragons’ Den star Theo Paphitis last July following a fall in operating profit in 2011 from £2.8 million to £1.6 million. With 96 stores across the south of England, Robert Dyas is now forecasting that EBITDA for the year to 31 March 2013 will exceed £4.5 million.
Theo Paphitis’ retail group also includes stationery retailer Ryman and lingerie specialist Boux Avenue. Paphitis said his focus for 2013 will include “expanding Boux Avenue further in the UK and overseas, continuing the positive work at Robert Dyas both in-store and online, as well as building on the consistent performance Ryman has delivered”.
