British fashion retailer Barbour has reported that its operating profits rose from £34.3m to £39.5m for the year to 30 April 2024, an increase of 15 per cent. This was despite a 6 per cent drop in turnover from £343m to £322m, which the retailer attributed to a “tougher wholesale market” and cost pressures that “remained relentless across all markets globally”.
The increase in operating profits was attributed to a “focus on cost reductions and foreign exchange gains”.
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