Foyles turns over new leaf as sales at rivals decline

The independent bookseller Foyles made a pre-tax profit of £335,934 in the year to 30 June.

Operating profit increased more than five-fold to £434,588 from £80,625 the previous year.

The company, which has four branches in London, said like-for-like sales were up 9.7 per cent against an overall industry decline of 5.6 per cent over the period. Sales growth came mainly from its flagship store in Charing Cross Road and its outlets at St Pancras station and the Royal Festival Hall.