Rent-to-own retail chain booms through recession

Author: By James Thompson

The company, which has 188 shops, said its earnings before interest, taxation,
depreciation and amortisation jumped by 23.7 per cent to £14.6m over the six
months to September, as total sales rose 15.6 per cent. It is on track to
open 20 new stores this financial year, and 11 of them opened in the first
half.

BrightHouse has powered ahead during the recession as hard-up customers, who
typically pay for a product over three years and then keep it, flocked to
its stores. Its upholstery and laundry departments performed the best over
the past six months, with sales up 65 per cent and 38 per cent respectively.

But the retailer said it expects laptops, games consoles and flat-screen TVs
to be the most sought-after products this year.

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