UK: Laura Ashley sales up 1.3%
By just-style.com | 16 December 2010
UK fashion and home retailer Laura Ashley Holdings has reported a slight sales increase during the second half, but continues to shut stores.
Laura Ashley said it has opened two new stores and closed 12 this year, as it continues to streamline its store portfolio "in an effort to optimise profitability".
In the first 19 weeks of the second half to 11 December 2010, its total UK retail sales increased by 1.3%, with like-for-like sales up 2.7%.
A company statement added: "Although we are experiencing slower LFL growth in the second half due to the impact of a sluggish economy and adverse weather conditions, the underlying LFL sales growth for the year to date is 4.6%.
"In the same reporting period, the E-Commerce channel recorded growth of 28.7% as we continue to enhance and improve our online presence.
"Despite the current economic uncertainty and adverse weather conditions in the UK, we remain confident that full year trading will be ahead of the board's expectations."
Companies: Laura Ashley
View next/previous articles
16 Dec 2010 -
16 Dec 2010 -
Currently reading -
UK: Laura Ashley sales up 1.3%
16 Dec 2010 -
Related research
UK Retail Briefing - Clothing and Footwear Retailers Focus - UK - January 2011
UK Retail Briefing is a monthly briefing providing news and analysis that includes company results, store openings, cross-border moves, M & A activities, executive changes and property developments....
Verdict Research: 2011 looks set to be another difficult year for womenswear retailers as inflation drives prices up and consumers feel the impact of higher taxes, weak wage growth and public sector job cuts. UK Womenswear Retailers 2010, ensures re...
Related articles
There are currently no comments on this article
Be the first to comment on this article