Beares focuses on oﬀering exclusive and innovative ranging of aspirational furniture.
While aimed at a higher earning target market than Lewis, Beares applies the Lewis business model and utilises the group’s well-established credit infrastructure.
In 2016, 45 Beares stores were resized and revamped.
Stores now average 430 m2 and are located mainly in high traﬃc areas.
|Financial and operating performance||2016||*2015|
|Merchandise sales growth||%||111.3||108.1|
|Operating profit (loss)||Rm||(28.4)||6.1|
|Operating profit margin||%||(6.7)||2.9|
|Net new stores opened and acquired||28||66|
|Total trading space||m2||45 622||41 553|
*Bears for 3.5 months