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13 Dec 2013 07:00
LAURA ASHLEY HOLDINGS PLC
Interim Management Statement
13 December 2013
Laura Ashley Holdings Plc ("Laura Ashley") announces its Interim Management Statement for the 19 weeks to 7 December 2013.
In the first 19 weeks of the second half to 7 December 2013, total retail sales decreased by 2.0% year-on-year, with like-for-like sales decreasing by 0.7%.
E-Commerce recorded sales growth of 1.0% in the same reporting period.
For the full year to 7th December 2013, total sales have fallen by 2.1% with like for like sales decreasing by 1.6%.
Some significant new licensing agreements have been signed this year which will benefit Group profits next year albeit licensing revenue is forecast to decline this year by 16%.
Christmas and January combined is a key trading time for the Group, with much of the second half profitability generated during this period.
Two stores have been opened this year and six closed in our UK retail business. Internationally, 23 franchise stores have been opened taking the total number of franchise stores to 289.
Enquiries:
Seán Anglim | Laura Ashley | 020 7880 5100 |
Anita Scott/James Olley | Brunswick | 020 7404 5959 |
Mark Percy (Corporate Finance) | Cantor Fitzgerald Europe | 020 7894 7624 |
Richard Redmayne (Corporate Broking) |
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