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Beales sees gross margins improve but revenue falls

Published: 30 January 2009
The department store chain has reported a group loss before tax of £1.52m rising from last year's £1.39m.
Beales sees gross margins improve but revenue falls
Beales has announced the preliminary results for the 52 weeks ending 1 November 2008.

The chain, who has a flagship store in Bournemouth and ten other outlets across the UK, also reported a drop in gross sales with like-for-like (lfl) down 6.8%.

The group's revenue fell to £47.9m from £58.8m in 2007 - a lfl fall of 7.8%.

The chain's chief executive, Allan Killingley, said: "The current recession is such that 2009 is likely to be a very difficult year for retailers.

"The earliest we can expect any improvement in the trading environment is 2010."

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