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16 Dec 2010 07:00
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LAURA ASHLEY HOLDINGS PLC
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Interim Management Statement
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16 December 2010
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Laura Ashley Holdings Plc announces its Interim Management Statement for the 19 weeks to 11 December 2010.
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In the first 19 weeks of the second half to 11 December 2010, total UK retail sales increased by 1.3% year-on-year (like-for-like sales increased by 2.7%). We have opened 2 new stores and closed 12 this year and continue to streamline our store portfolio in an effort to optimise profitability.
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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%.
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In the same reporting period, the E-Commerce channel recorded growth of 28.7% as we continue to enhance and improve our online presence.
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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.
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Enquiries:
Tom Buchanan / James Olley Brunswick 0207 404 5959
Seรกn Anglim Laura Ashley 0207 880 5100
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