Ramsdens finds back of the net
Pawnbroker Ramsdens is on track to hit full year expectations despite the summer heatwave hitting demand for foreign currency.
The group, which has 14 stores in Yorkshire and is the main shirt sponsor for Sheffield United, said foreign currency exchange income fell 2 per cent in the six months to September 30, hit by exceptionally hot UK summer weather.
Ramsdens’ chief executive Peter Kenyon said: “The group has had a good first half, reflecting the strengths of our diversified business model and outstanding value-for-money customer offering.
“Whilst there have been headwinds for the foreign currency exchange market in the UK driven by ‘staycation’ trends over the summer, our investments in pawnbroking, jewellery retail and the store estate have delivered positive results and helped to underpin an overall first half performance in line with the board’s expectations.”