DIY Week: Robert Dyas has flat Christmas on the back of expensive year; Grafton Group delivers exceptional revenue growth

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Robert Dyas has flat Christmas on the back of expensive year

The high street chain saw a 1.1% like-for-like uplift in the six weeks to December 24 – the lowest growth of all of the brands in the Theo Paphitis Retail Group. The trading update follows a year of positive trading for Dyas but profits took a hit from heavy investment in infrastructure and digital offer.

The group as whole - which includes stationers, Ryman, and lingerie chain Boux Avenue - delivered positive growth over the six-week period, with LFL sales up 3.6%.

Owner Theo Paphitis was happy with the performance in a difficult market. He said: “I am pleased that the Group, as well as all of our individual brands, were able to record like-for-like sales growth during the Christmas trading period. The retail market remains an extremely challenging one evidenced by several corporate failures over the last 12 months and is likely to be reflected in trading results across our sector.”With Robert...

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Contacts
Editorial Fiona Garcia fgarcia@datateam.co.uk Tel: +44 [0]1622 699161	Advertising Sallie Payne spayne@datateam.co.uk Tel: +44 [0]1622 699151

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