Laura Ashley announces "thriving" performance
10 September 2010 09:42
Laura Ashley has said that like-for-like growth in all product categories has kept the company thriving in the uncertain consumer environment.
In the 26 weeks to July 31st, total group sales were up 5.7%, with a strong performance in the UK where total sales were up 5.5% and like-for-like sales were up 6.2%.
Commenting on the results, Tan Sri Dr. K P Khoo, chairman, said: "I am delighted with the strong performance of the company for the first half of this financial year. In a difficult economic climate, Laura Ashley has continued to demonstrate the strength of its brand and has recorded positive like-for-like sales growth across all product categories.
"Our E-Commerce and international channels have continued to grow and become increasingly important to our multi channel strategy.
"We will focus on developing Laura Ashley's distinctive product offering as well as improving operational efficiency. The consumer environment continues to be uncertain and we remain cautious for the remainder of the year."
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