Sofa retailer CSL's profits soar on back of record sales

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CSL is a Wigan-based sofa retailer

8:19 am, February 8, 2010
Sofa retailer CSL's profits soar on back of record sales

Wigan-based sofa retailer CSL today said profits shot up to £4.8m last year compared with £713,000 in 2008.

Sales in the year to December 31 were up 51 per cent to a record £72.5m (2008: £48m).

The family-owned company, which owns 16 stores in the North of England, said a strong Christmas trading period had contributed, with like-for-likes for the four weeks to January 3 rising 61 per cent to £6.06m.

Many retailers are reporting impressive like for like gains for Christmas 2009, largely because the equivalent period in 2008 was the low point of the recession.

CSL, headquartered on Ashton Road in Golborne, said that during the week commencing with Boxing Day, the year's peak trading period, it sold more than 1,000 suites sales on some of the busiest days.

Jason Tyldesley, CSL's managing director, said: “Whilst many of our competitors are stuck in the cycle of slashing quality to reach the lowest possible price point, we're building our business on the back of good value products that are built to last, and providing the customer with a buying experience that's at the cutting edge of modern retailing.”

Tyldesley said the company is planning further investment in its in-store tablet-based ordering and delivery systems to improve the speed and efficiency of real-time customer financing decisions and to further improve progress updates from its team of delivery drivers.

CSL, started by the Tyldesley family with one shop in Burnley in 1984, said it plans to open several new stores in the coming year.

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