RE: Expectations3 Sep 2020 13:08
Chief Executive Cheryl Calverley said: "This guidance upgrade is evidence of our momentum and the success of our rebuild strategy, against a backdrop of a consumer landscape shifting to online and market trends in favour of homewares and sleep wellness. Whilst economic uncertainty is likely to remain for some time, we are starting to look beyond our rebuild strategy to the next stage of growth."
Homeware sales have performed strongly as people have spent more time indoors while sales of clothes and shoes have suffered because many people have been working from home. The Covid-19 lockdown also sparked interest in wellbeing, including the importance of sleep.
The company is due to publish results for the six months to the end of June on 15 September