The latest financial results from Styles & Wood‘s StoreData collaboration technology division are now combined with the group’s StorePlanning division, which makes comparisons with the previous figures (see StoreData stagnating in 2007) more difficult.
In 2007, the StorePlanning division achieved revenues (£6.1m) four times greater than StoreData (£1.5m), and returned a profit of £1m compared to StoreData’s £194k. In the first half of 2008, the new pairing achieved revenues of £3.7m and an operating profit of £0.6m – slightly up on what was achieved in 2007 (figures for the other two divisions were both down on 2007 – the announcement talks repeatedly of “uncertainty” and “challenges” now and in 2009). Of course, it’s not clear where this slight improvement arose: was there an upturn in StoreData’s performance, is StorePlanning storming ahead, or are they keeping pace with each other?
Otherwise, there is little to add. The group’s business review says:
“We continued our work with Tesco where we helped them design and plan their stores, whilst StoreData continued to bring efficiencies to their business through its MyProperty system, adding solutions for the management of new site acquisitions and planning applications.”