Troubled retailer bounces back

USC, the chain of youth fashion outlets owned by Scottish private equity magnate Sir Tom Hunter, has returned to profit after going through a pre-pack administration in 2008. Accounts filed at Companies House show the clothing house delivered pre-tax profits of £1.3m for the year to January 2010 on revenues of £69m, compared with a loss of £9m last year. Sir Tom vowed to take a more hands-on approach with USC when the company folded under mounting rent bills and falling revenues.