Independent department store group Fenwick has reported a growth in turnover while losses narrowed.
According to its latest filed accounts for the year ended 30 January 2026, total sales rose 1.2% to £179.2m from £177m in 2025.
Pre-tax losses resulted at £22.7m, narrowing from a loss of £38.7m.
Within the group, Fenwick sales represented £146.6m, up from £143.2m, while concession sales stood at £17.3m, down from £17.8m. Catering sales fell to £9.9m from £10.3m, while rental income increased to £5.1m from £1.8m.
Stated within its report, the company said: “Despite heavy promotional activity throughout the period in beauty and generally on the UK high street in the final quarter over the Christmas run in, the business saw a slight improvement in Gross Margin (44.4% vs 44.2%).
“With improvements in Gross Profit together with reductions in operating costs via efficiencies in business processes and technology the business achieved considerable reduction in its operating loss. The business continues its three-year recovery to profitability.”
