Laura Ashley's like-for-like sales rise
Like-for-like sales flourished at fashion and homeware firm Laura Ashley as it looks to continued sales growth for the remainder of 2012.
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
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?
Premiums for whole of life insurance can run to £5,000 a month to cover a £300,000 inheritance tax bill, with policies costing more the older you take them out.
-
MPs warn over Lifetime ISAs which could leave savers out of pocket
The Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”