Year-end turnover and profits up but retailer prepping for tough year.
Profits and sales were up at British jeweller Boodles in the year to February 2012.
Turnover rose to £48.1 million from £41.9 million the year before, while pre-tax profits showed good growth hitting £6.2 million up from £4.7 million in the previous period, according to a report from The Telegraph.
Boodles chairman Nicholas Wainwright is reported to have attributed some of the year’s success to higher sales values and also increased sales to international shoppers visiting London.
Despite upbeat results Wainwright said that his guard will remain up as he is expecting a tough year for the jewellery market, adding that “there is business out there, you just have to try hard to win it".