Clothing and homewares retailer sacrifices stronger balance sheet for investment in estate
Fashion-to-homewares retailer Internaçionale has reported a 14 per cent rise in turnover to£96.6 million over the 12 months to March 31 last year. The retailer said profit on ordinary activities before tax also increased year on year, from£1.1 million to£1.2 million.

The retailer opened 30 stores over the year and increased selling space by 23 per cent. The retailer said in a statement: 'This aggressive programme necessarily sacrificed short-term growth of sales and profits in return for creating a greatly improved estate, providing a platform for future performance.'

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