UK: Laura Ashley Warns Of FY Loss
Women's clothing chain Laura Ashley on Thursday warned it expects to post a loss for 2002 compared to its earlier forecast of a break-even result after a dreadful January performance. The company, which earlier this year unveiled plans to axe 35 stores in mainland Europe, said it now sees a pre-tax loss of £5 million because of lower than anticipated sales and year-end accounting adjustments.
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