Laura Ashley lfls down 9.9 per cent
LFL UK store sales which were down 9.9 per cent in the first 20 weeks of the second half compared to the same period last year.
Total sales in the first 20 weeks of the second half to 13 December increased by 9.7% against the same period last year due to the increase in retail selling space. During this period, The company opened 9 stores and closed 3 stores in the UK and now has 231 stores in the UK.
“Tough trading conditions in the current economic climate, combined with the effects of new store openings on existing stores, have affected LFL UK store sales which were down -9.9 % in the first 20 weeks of the second half compared to the same period last year,” the company said.
Internet sales increased by 55% partly offset by a decline of 26% in Mail Order.
