Colefax says trading conditions remain difficult

Upmarket furnishing, fabrics and wallpapers designer Colefax said trading since its July update has remained generally difficult but broadly in line with expectations.

Upmarket furnishing, fabrics and wallpapers designer Colefax said trading since its July update has remained generally difficult but broadly in line with expectations.

The group, whose brands include Colefax, Fowler and Jane Churchill, said as a result it is cautious about its key autumn selling period especially in the UK and Europe.

The Mayfair-based decorating company said overall sales in its core Fabric Division fell 1% in the four months ended 31st August on a constant currency basis.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

Sign up

Sales in the US, the group's biggest market, climbed 6%, sales in the UK fell 8% while European sales dropped 7%.

Shares in Colefax closed at 252.50p on Monday.

CJ