Laings sees turnover hit £68.4m

Household-owned jeweller Laings has posted turnover of £68.4m for the 12 months ended 31 Might 2024.

This quantity represents a rise of 8% in contrast with the earlier 12 months.

Alongside this, the corporate posted a revenue earlier than tax of £2.1m within the interval.

Laings said that it’ll return consideration to updating their IT infrastructure, shopper going through software program instruments and operational efficiencies.

The corporate additionally famous it’s going to proceed to evaluation arising alternatives in native areas in addition to with model companions to develop its market presence and strengthen strategic collaborations.

Within the 12 months Laings introduced its second mono-brand TAG Heuer boutique to Edinburgh’s luxurious purchasing hub, Mulltrees Stroll.

This grew to become the second retail house for the corporate in Edinburgh accompanying its Laings showroom on George Road.

The corporate additionally accomplished its first full 12 months of operation in its new Southampton showroom, which relocated in November 2023.

Moreover, in June 2024, Laings opened its new flagship showroom on Buchanan Road in Glasgow.