27 Jul 2017 07:00
27 July 2017
Bonmarché Holdings plc
("Bonmarché")
Trading Update
13 week period ended 1 July 2017
Bonmarché, one of the UK's largest women's value retailers, presents its trading statement for the 13 week period ended Saturday 1 July 2017.
Total sales for the 13 weeks ended 1 July 2017 increased by 7.6% against the corresponding period in FY17. Store LFL sales increased by 4.2% and online sales increased by 39.0%, as summarised in the table below:
Store only LFL % change | Online only % change | LFL stores + online % change | Total sales % change | |
13 weeks ended 1 July 2017 | 4.2% | 39.0% | 6.8% | 7.6% |
At 1 July 2017, Bonmarché traded from 322 stores/concessions (2 July 2016: 317) and online.
Outlook and financial position:
Trading during the first quarter of the new financial year has been in line with the Board's expectations, which are therefore unchanged in relation to the full year's result. The financial position of the business remains sound.
Helen Connolly, Chief Executive Officer of Bonmarché said:
"I am pleased with the improvement in trading and in particular the further progress in online sales. Whilst we are in the early stages of implementing our strategy, I am encouraged by the positive response from customers to the developments in our ranges and the improvements we are making to the shopping experience.
The improved sales performance during the first quarter, achieved in a clothing market which remains challenging, underpins our confidence in the strategy, and our expectations for the full year remain unchanged."
For further information regarding Bonmarché, please call:
Bonmarché Holdings plc Helen Connolly, Chief Executive Stephen Alldridge, Finance Director
| c/o FTI +44 (0)20 3727 1000 |
FTI Consulting - Communications adviser Jonathon Brill, Georgina Goodhew, Eleanor Purdon
| +44 (0)20 3727 1000 |
Investec Bank plc - Broker Garry Levin, David Flin, Alex Wright | +44 (0)20 7597 5970 |
Notes to Editors:
Bonmarché is one of the UK's largest women's value retailers, focused on selling stylish, affordable, quality clothing and accessories in a wide range of sizes, via its own store portfolio and online. Established in 1982, Bonmarché has more than 30 years of experience in this market segment, operating across the UK.