UK: Laura Ashley sales momentum continues into H2
Fashion and homewares retailer Laura Ashley Holdings Plc today (14 December) said it has seen continuing sales momentum into the second half of its financial year.
In an interim statement for the 19 weeks of the second half to 8 December, the retailer reported a 4.2% year-on-year rise in total retail sales. Like-for-like sales increased by 4.9%.
During the period, e-commerce sales jumped 22.6%, helped by the introduction of a mobile site and increased overseas deliveries.
The retailer, which operates 211 UK stores and has 263 franchised stores around the world, in September posted a 13.7% jump in interim pre-tax profit to GBP8.3m (US$13.4m), fuelled by a 7.5% rise in total group sales to GBP145.4m.
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