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Shirtmaker reveals sales boost after store openings
Jul 22 2008 by Alex Turner, Liverpool Daily Post
SHIRTMAKER TM Lewin shrugged off the general high street gloom yesterday, declaring itself satisfied with first-quarter trading figures.
In a statement to the Stock Market, the firm said revenues during its first quarter to May were 16% ahead of last year, helped by the impact of 11 store openings.
Chief executive Geoff Quinn said: “We are pleased that the current financial year has started well.”
TM Lewin, which sold 1.8m shirts during the year, said it would be focusing on expanding its womenswear range of shirts and businesswear, which could involve operating standalone womenswear stores.
The group runs 57 stores including its Liverpool Metquarter outlet, as well as a number of in-store concessions and a home shopping arm through mail order and the internet.
Last year, TM Lewin made £11m on sales of £63.4m.
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