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Warren James announce increase in profits

Jewellery retailer Warren James has announced a rise in profits to £42.7 million for the year ended 31 March 2017.

The figures filed on Companies House this week show that profit before taxation has risen by 12.3% – up from £37.7 million in 2016.

Privately owned by managing directors John Coulter and Ann Jones, who founded the company in 1979, the accounts also show that operating profits for Warren James rose by 12.6% to £42.5 million in the financial year.  

The company reports: “The directors are pleased with the performance of the company in the period. A 16% increase in turnover was achieved, building on the increase of 8% seen in 2016.

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“Trading conditions on the high street were challenging, but Warren James’ unique and unrivalled retail offer of stunning jewellery at outstanding prices has continued to grow in popularity.

“Trading conditions on the high street were challenging, but Warren James’ unique and unrivalled retail offer of stunning jewellery at outstanding prices has continued to grow in popularity.”

They added: “In the financial year, Warren James continued with its programme of investment in infrastructure and opened 30 new shops. Now, to date, every store has received some level of investment to ensure that the shopfit and customer experience remains top class.”

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