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16 Dec 2011 07:00
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LAURA ASHLEY HOLDINGS PLC
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Interim Management Statement
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16 December 2011
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Laura Ashley Holdings Plc announces its Interim Management Statement for the 19 weeks to 10 December 2011.
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In the first 19 weeks of the second half to 10 December 2011, total UK retail sales decreased by 1.7% year-on-year, primarily as we continued our store portfolio rationalisation. We have closed 5 unprofitable stores this year in addition to the net closure of 14 stores last year. During the period, like-for-like sales increased by 1.4% taking the year to date like-for-like sales growth to 2.5%.
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E-Commerce has recorded sales growth of 9.0% in the same reporting period. This has been helped by the recent enhancements to our website which now offers a fully comprehensive upholstery and made-to-measure curtain range on an interactive platform.
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Enquiries:
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SeΓ‘n Anglim/Kien-Mun Ho Laura Ashley 020 7880 5100
Anita Scott/James Olley Brunswick 020 7404 5959
Guy Peters/Richard Redmayne Seymour Pierce 020 7107 8000
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