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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ashley (laura) Holdings Plc | LSE:ALY | London | Ordinary Share | GB0000533728 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.35 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:2098U Ashley (Laura) Hldgs PLC 14 January 2004 14 January 2004 Laura Ashley Holdings plc ("Laura Ashley" or "the Company") Laura Ashley Holdings plc today announces a trading update for the 24 weeks to 10 January 2004. The Company currently has only nine remaining stores operating in Continental Europe, and it is expected that it will have either franchised or disposed of all but two of those by the end of this month. For this reason, this update only covers the continuing retail operations in the United Kingdom. Laura Ashley's Home Furnishings business now represents almost 70 per cent of its UK retail turnover. Customers tend to buy furniture outside the Christmas period. Therefore, Christmas trading statistics do not serve as a useful indication of overall trading performance. For this reason it has been decided that it is no longer appropriate for Christmas trading information to be provided to the market. In the 24 weeks to 10 January 2004 total like for like sales in the UK were down 0.6%. In Home Furnishings, like for like sales increased 3.1%. Fashion like for like sales decreased 7.8 %. In the 50 weeks to 10 January 2004, total like for like sales in the UK were up 1.9%, with Home Furnishings up 4.4% and Fashion down 2.8%. Total UK sales to date are in line with the Company's expectations. Over the 50 week period margins have been broadly the same as last year. Ainum Mohd-Saaid, Joint Chief Executive Officer stated: "Although the second half has been difficult, as reflected in the pressure we experienced on our top-line, I am pleased that we have managed to protect our margins through the careful control of our promotional activity, our space maximisation programme and the continued focus on costs." Rebecca Navarednam, Joint Chief Executive Officer added: "In the longer term, having effectively completed our programme to exit from Continental Europe, the Group is well positioned for the future. However, retail markets remain difficult and both the home furnishing and fashion sectors are competitive. Although we remain cautious about the future, Laura Ashley is now in much better shape to compete and, ultimately, to deliver value to its shareholders." Enquiries Tom Buchanan Brunswick 020 7404 5959 Katya Reynier Deborah Spencer This information is provided by RNS The company news service from the London Stock Exchange END TSTKGGMMRDMGDZG
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