Like-for-like sales flourished at fashion and homeware firm Laura Ashley as it looks to continued sales growth for the remainder of 2012.
In its update for the 18 weeks of the current financial year ending 26 January 2013, the retailer known for its English rose patterns, said like-for-like sales grew 5.4% while total UK retail sales increased by 4.1%.
"The company is confident that its well-established brand, high-quality product offering and strong balance sheet will ensure the like-for-like sales growth trend continues across the retail business for the rest of 2012," it said in a company update.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Online sales grew 18.8% compared to the same period last year after a revamp of the company's website.
A full mobile website has recently been launched and the E-Commerce service is now available to French customers, Laura Ashley explained.
CJ
-
Defeat into victory: the key to Simon Wolfson's successOpinion Next CEO Simon Wolfson claims he owes his success to a book on military strategy in World War II. What lessons does it hold, and how did he apply them to Next?
-
Aircraft leasing companies can lift investors' portfoliosThe aircraft leasing business is a safer way to cash in on air travel and its booming demand. David Prosser explains how it works and how to access it
