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Laura Ashley on target

Laura Ashley says it expects full year trading to be in line with expectations.

CITY & CORPORATE

Laura Ashley on target

For the 17 weeks to 29 May 2010 total UK retail sales increased by 6.2% year-on-year (like-for-like sales increased by 5.3%).

Online sales soared by 74% over the period and although Mail Order sales have declined by 26%, the combined Direct Sales channel has increased by 42%.

"Despite the current economic uncertainties, we remain confident of continued growth in 2010 built on the platform of a strong balance sheet with no bank borrowing, a strong brand and a distinctive product offering. Maximising operational efficiency will continue to be a key focus for the management team.  Although at an early stage in the year, we expect full year trading to be in line with expectations" the company said. 

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