M&Co raises profits


M&Co raises profits

Womenswear retailer M&Co which operates 260 UK stores, sells online and also has 25 overseas franchises has posted sales of £163.2 million for the year to February 26th 2016, an increase of 1.7 per cent over the previous year. It achieved a 57 per cent rise in EDITDA for the year which came in at £3.4 million largely as a result of its earlier investment in technology and store refreshes. The business is targeting further growth in its store portfolio, aiming to open around ten stores each year until 2020 and further developing its online sales.

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