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.
Subscribe to 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
-
The top stocks in the FTSE 100After a year of strong returns for the UK’s flagship index, which FTSE 100 stocks have posted the best performance in 2024?
-
A junior ISA could turn your child’s pocket money into thousands of poundsPersuading your child to put their pocket money in a junior ISA might be difficult, but the pennies could quickly grow into pounds – and teach them a valuable lesson about money
