Peacock reports sales rise

British retail group Peacock has reported a 12 percent sales increase in the 13 week period ended 31 December. The group, which consists of Peacocks, Bonmarche and The Fragrance Shop, said it experienced a 7 percent rise in gross profit, which was unaffected by the opening of new stores.

Peacocks enjoyed "excellent" trading results, thanks largely to female shoppers. The retailer opened 10 new stores during the period. Meanwhile, women's clothing retailer Bonmarche saw a "fairly high level of clearance activity" during the quarter and opened seven stores in the third quarter.

The Fragrance Shop occupied another 15 locations during the quarter as Peacock attempted to increase its scope. The group has not yet completed the acquisition of Henson No1, which is currently being sanctioned by the High Court.