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Ryman reports profits surge Friday, 13th January 2012
Ryman is set for continued expansion this year in spite of the tough economic conditions after the stationary specialist delivered a strong full-year performance.
In the year to 2 April, 2011 pre-tax profits at Ryman climbed 14.1 per cent to £7.2 million. Turnover surged 2.3 per cent to £126.2 million.
Ryman owner and Dragons’ Den star Theo Paphitis told Retail Week that trading has remained strong, stating that: “We’re still leading the high street in the stationary category and we met expectations over Christmas, so we’re happy with the performance.
“It is tough out there, and we have to work harder, but we are holding our own and we’re very pleased with our performance since April.”
Paphitis added that Ryman will continue to open stores, while its ecommerce and business-to-business arms are growing.
The retailer opened new stores in Glasgow and Leicester in the period, and shops in Liverpool and Cambridge have opened since the year’s end.