Turnover rises at Barbour despite 'significant' Covid-19 impact
By Matt Hall | 8th April 2021
British lifestyle brand Barbour has revealed a 7.8 per cent increase in revenue to £242.8m per cent in the 12 months to the end of April 2020.
Famous for its wax jackets, the brand said the pandemic impact was 'significant' during the final quarter, with profit lower year-on-year.
For the period ending April 30 2020, operating profit dropped 14.5 per cent to £35.1m. Total income also dropped from £31.4m to £28.9m.
In a statement, the business that has 11 stockists in the county including at Gloucester Quays, Attwoolls Outdoors and Cheltenham's John Lewis, said its balance sheet remained strong and it continues to focus on long-term objectives.
Director of Barbour, Dame Margaret Barbour said: "Navigating Covid-19 is central to our focus, staying close and connected to our consumers and customers, ensuring we invest strategically for the future of our brands and products.
"Despite the current uncertainty and market contraction, we believe in the sustainable long-term growth of our business and as such we will continue to rest in our people, our systems and our service. Having implemented structural changes to prepare for Brexit, we will invest in technology and our brands to enhance further our sustainability credentials.
"We strongly believe there are many exciting and accessible markets around the world where our brands can add style and quality to consumers lives, as such we will continue to build relationships and expand our commercial reach and ambitions."
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