Jacobs & Turner, the company that owns Trespass, benefitted from a two-year investment program as it reported a sales rise of 8.2 percent to £95.1 million (€112.7m-$122.9m) for the financial year to June 26, 2016, with pre-tax profit soaring by more than 70 percent to £4.7 million (€5.6m-$6.1m). The Glasgow-based company behind the outdoor and winter sports apparel brand said in its report that the sales increase was driven by the expansion of its retail business in the U.K. and other European countries, which has grown to more than 150 stores. The report quotes directors as saying that the growth in turnover and profitability was generated throughout the group. On the negative side, Jacobs & Turner's gross profit margin was down by 0.9 percentage points to 32.7 percent for the year. The company acknowledges in its report that it faces a challenging situation in the retail market, and uncertainties about the impact of Brexit. The weakening of the British currency will have a direct impact on the group's purchasing power, it adds, yet it remains satisfied that profits should increase in the coming years, with continued investment in staff and systems. The company controlled by the Khushi family employed an average number of 1,590 staff during the fiscal year.

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