Bonmarche Holdings PLC Trading Update (2017M)

TIDMBON

RNS Number : 2017M

Bonmarche Holdings PLC

27 July 2017

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      Online     LFL stores     Total 
                      only        only      + online      sales 
                      LFL       % change    % change     % change 
                    % 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             c/o FTI +44 (0)20 
  Helen Connolly, Chief Executive         3727 1000 
  Stephen Alldridge, Finance Director 
 FTI Consulting - Communications 
  adviser 
  Jonathon Brill, Georgina Goodhew,      [phone] 
  Eleanor Purdon                          1000 
 Investec Bank plc - Broker 
  Garry Levin, David Flin, Alex          [phone] 
  Wright                                  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.

This information is provided by RNS

The company news service from the London Stock Exchange

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July 27, 2017 02:00 ET (06:00 GMT)