Stationery firm Ryman celebrates festive trading despite high street challenges

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STATIONERY chain Ryman became the latest retailer to toast a robust Christmas trading performance as it announced like-for-like sales up 1.7 per cent over the festive period.

The 237-store group is owned by Dragons’ Den entrepreneur Theo Paphitis, who also hailed improved revenues for his Robert Dyas general store business and the Boux Avenue lingerie brand.

Robert Dyas, which has 96 outlets, grew sales by 5.2 per cent over the period from November 1 to December 24.

Boux Avenue – which was launched by Mr Paphitis in April 2011 and has 21 UK stores and four overseas – increased revenues by 20.2 per cent

The group said customers responded well to the product offers from all three brands, avoiding the need for discounting and resulting in improved profit margins.

Mr Paphitis commented: “Growth was delivered in all three businesses, both online and in store.

“This shows that despite the challenges faced by many high streets across the UK, customers continue to respond to the right product, service experience and a convenience offering, where relevant.”

Annual figures for the year ended in March 2013 were also disclosed, showing that Ryman’s earnings held largely flat at £7.1m against £7m a year earlier.

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