Last checked at 9 Jun 2008 07:00
9 June 2008
THE JOHN DAVID GROUP PLC
INTERIM MANAGEMENT STATEMENT
The John David Group Plc (the "Group"), the leading retailer of sport inspired fashion apparel and footwear, today releases the following Interim Management Statement.
On 15 April 2008, in the Preliminary Announcement of the Group's results for the 53 week period ended 02 February 2008, the Group reported like for like sales growth of +4.2% (Sports Fascias +4.0%; Fashion Fascias +4.9%) for the 10 weeks ended 12 April 2008.
We are pleased to report that, after a further 7 weeks of trading to 31 May 2008, cumulative like for like sales growth has marginally improved in both the Sports and Fashion Fascias. Whilst gross margins have been maintained, further increases are proving to be challenging to achieve as expected.
In view of the close proximity of the Annual General Meeting on 26 June 2008, the Group will provide its next trading update with the Interim Results Announcement on 24 September 2008.
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Enquiries:
The John David Group Plc Tel: 0161 767 1000
Peter Cowgill, Executive Chairman
Barry Bown, Chief Executive
Brian Small, Finance Director
Hogarth Partnership Limited Tel: 0207 357 9477Andrew JaquesBarnaby Fry
Sarah Richardson