Sales rise, but Foyles dips into loss

Foyles reported a loss last year due to the closure of its Westfield White City branch and the move of its new flagship store, although sales were up 2.2%. Results for the year to 30th June 2014 show that the six-shop mini-chain slipped into a loss of £600,000, up from a profit of £100,000 in 2013. But the company attributed the deficit to “significant exceptional write-offs in respect of the anticipated closure in the following year of Westfield White City, costing £0.4m, and the move of the flagship store” which opened in June 2014. Continue reading at 'The Bookseller'

[ The Bookseller | 2015-02-17 00:00:00 UTC ]

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