Re: Re: Clerys

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Clerys profit recovery gathers pace
Friday, 1 June 2007 08:13
The Clerys chain of stores has disclosed profits up 75% at just under €1.4m for the 12 months to the end of January. Sales came in at just under €73m, an increase of 7.3%.

This is the second year in a row that Clerys has been in profit after a period of difficult trading.

There are five stores in all including the flagship O’Connell Street store, Guiney’s on Talbot Street and three suburban furniture stores. The company opened its first store outside Dublin, in Naas, Co Kildare, last October.

The company has spent €18.8m on buying more land at the back of its flagship store on O’Connell St.

Chief executive PJ Timmins said the city centre had become a more attractive place for retail, with the arrival of the Luas and enhanced pedestrian spaces.

Was this the Sackville House transaction or have there been others?

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