The increased bank facilities will provide extra liquidity above the original £200m it replaces.
The facilities will provide
“In particular, enhancing our card-led proposition through all sales channels and accelerating the increase in our capability and capacity to fulfil sales demand via our online channel, and so capitalise upon the move to online adopted by more customers over the last year.”
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Delivering a trading update, the company said initial stores sales exceeded expectations and beat their reopening performances following the first and second lockdowns.
Increased spend per transaction had offset reduced retail footfall, with customers shopping less frequently but buying more.
Online sales have fallen as customers have returned to stores but are still exceeding pre-pandemic levels.
“The strong trading performance in our stores over the last few weeks reflects the extensive preparations to maximise meeting our customers’ needs completed by the wider
Read more: Retail sales soared in April as Brits came out of third Covid-19 lockdown
The post
© City AM, source