{"id":9591,"date":"2023-06-11T21:45:13","date_gmt":"2023-06-11T21:45:13","guid":{"rendered":"https:\/\/dmsretail.com\/RetailNews\/timpson-family-enjoys-12-8-million-dividend-as-lockdown-impact-fades\/"},"modified":"2023-06-11T21:45:13","modified_gmt":"2023-06-11T21:45:13","slug":"timpson-family-enjoys-12-8-million-dividend-as-lockdown-impact-fades","status":"publish","type":"post","link":"https:\/\/dmsretail.com\/RetailNews\/timpson-family-enjoys-12-8-million-dividend-as-lockdown-impact-fades\/","title":{"rendered":"Timpson family enjoys \u00a312.8 million dividend as lockdown impact fades"},"content":{"rendered":"<p> <p><a href=\"https:\/\/dmsretail.com\/online-workshops-list\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-496\" src=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png\" alt=\"Retail Online Training\" width=\"729\" height=\"91\" srcset=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png 729w, https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90-300x37.png 300w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><\/a><\/p><br \/>\n<\/p>\n<div>\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"400\" class=\"entry-thumb\" src=\"https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2022\/03\/shutterstock_1969708597.jpg\" srcset=\"https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2022\/03\/shutterstock_1969708597.jpg 600w, https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2022\/03\/shutterstock_1969708597-300x200.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" alt=\"Timpson celebrates record results after \u2018best ever\u2019 financial year\" title=\"Timpson sheds over 800 jobs as 'traumatic transformation' leads to profits surge\"\/><\/div>\n<h6><span style=\"color: #ff6600;\">\/\/<\/span> The Timpson family gave themselves a \u00a312.8m dividend last year<\/h6>\n<h6><span style=\"color: #ff6600;\">\/\/\u00a0<\/span>The high-street retailer\u2019s sales have bounced back post-pandemic<\/h6>\n<hr\/>\n<p class=\"dcr-n6w1lc\">The Timpson family paid themselves a \u00a312.8m dividend in 2022 as the business raked in profits \u201cway beyond\u201d expectations last week.<\/p>\n<p>\u00a0In the 53 weeks to 1 October, 2022 the retailers\u2018 pre-tax profits surged 66% to \u00a340.6m\u00a0 as sales soared 40% to \u00a3297.4m.<\/p>\n<p>The average number of staff employed by the company also rose from 3,950 to 4,164 during the year, after it cut over 800 jobs the previous financial year amid what a \u201ctraumatic transformation\u201d.<\/p>\n<div id=\"sign-in-gate\">The The cobbler and key cutters\u2018 Chair, Sir John Timpson told the Guardian that sales of key cutting, watch repair and photo processing had all bounced back after being hit during lockdowns when \u201cno one was going to work, parties or getting married. There was no reason to get anything dry-cleaned apart from a duvet.\u201d<\/div>\n<hr\/>\n<h5 style=\"text-align: center;\"><strong>Subscribe to Retail Gazette for free<\/strong><\/h5>\n<p style=\"text-align: center;\"><span class=\"x_al\">Sign up\u00a0here\u00a0to g<\/span><span class=\"x_al\">et the latest Wilko news straight into your inbox each morning<\/span><\/p>\n<hr\/>\n<p>The end of the pandemic helped the retailer bounce back as it said its dry cleaning sales were \u201cparticularly pleasing\u201d.<\/p>\n<p>The firm said: \u201cAs more people return to the office, go to parties, weddings and restaurants and dress up after two years in tracksuits and trainers we can see our dry cleaning offer, supported by a comprehensive network of service hubs, doing well in the coming year.\u201d<\/p>\n<p>It continued: \u201cOur photo business, Max Spielmann and Snappy Snaps, have also seen the benefits of life returning to normal. The weddings, parties and holidays have produced many more pictures to print and the return of overseas travel has led to record sales of passport photos.<\/p>\n<p>\u201cOur hospitality businesses have also been helped by the end of social distancing and a return of the social scene.\u201d<\/p>\n<p><em><strong>Click here to sign up to Retail Gazette\u2018s free daily email newsletter<\/strong><\/em><\/p>\n<\/p><\/div>\n<p><p><a href=\"https:\/\/dmsretail.com\/online-workshops-list\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-496\" src=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png\" alt=\"Retail Online Training\" width=\"729\" height=\"91\" srcset=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png 729w, https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90-300x37.png 300w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><\/a><\/p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\/\/ The Timpson family gave themselves a \u00a312.8m dividend last year \/\/\u00a0The high-street retailer\u2019s sales have bounced back post-pandemic The Timpson family paid themselves a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9592,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-9591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-magazines"],"_links":{"self":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/9591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/comments?post=9591"}],"version-history":[{"count":0,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/9591\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media\/9592"}],"wp:attachment":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media?parent=9591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/categories?post=9591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/tags?post=9591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}