Click below to see our progress in a number of key areas.
of net cash has been generated
over the last three years.
This has been a challenging year for the UK retail industry. While profit performance in the short term cannot be immune from the economic backdrop, the Group’s underlying strengths will secure our continued longer-term success. Delivering another year of net cash generation has been an excellent result and ensures we are well placed for the future.
In a particularly difficult trading environment, we have managed our costs and cash very effectively to limit the impact on profits. This focus has put us in an even better position to trade through another tough year while further improving our competitive position. We will continue to develop our broad product range, benefit further from our advantaged sourcing operations and invest in our multi-channel operations in order to strengthen our position as the UK’s leading home and general merchandise retailer.