ThomasCookmoreIT,fewercarpets

Thomas Cook Group’s full-year results show that the business continues to spend significantly more on its IT than shop refits.

In the twelve months to the end-September, the firm’s capital expenditure on IT systems came in at £73 million compared with store refits on which it spent £7 million.

Elsewhere, the business noted that web sales continue to grow as a percentage of total sales, accounting for 43% this year, indicative of a steady increase over the past few years.

The statement didn’t offer significantly more detail than the slides above. It noted:

“We continue to invest in OneWeb, our international web platform, which is fully live in the UK and currently being trialled in Belgium and the Netherlands. We believe a common web platform will lead to further improvements in web performance across the Group and more efficient web development."