The Wigan-based Firm, sofa retailer CSL today reported profits mounted to £4.8m from £713,000 or£0.7 million the previous year. There was a revenue jump up to 51% as recorded in the sales by December 2009. This has helped CSL; trading 16 stores in North of England recover from the tough times in 2008.
According to the CSL, headquartered on Ashton Road, the credit for the rise in the profits can be crowned to Christmas period with sale of more than 1,000 suites a day. This enhanced the like-for-like sales 61% for the four weeks to 3 January to t to £6.06m.
CSL's Managing Director Jason Tyldesley said, "Whilst many of our competitors are stuck in the cycle of slashing quality to reach the lowest possible price point, we're building our business on the back of good value products that are built to last, and providing the customer with a buying experience that's at the cutting edge of modern retailing. We're building our business on the back of good value products that are built to last".
With a hope of opening several new stores in the coming year, company plans further investment in its in-store tablet-based system that is aimed at improving the speed and the efficiency of customers financing decisions.