THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Thorntons sees 7.6% fall in sales

Thorntons saw sales decline by 7.6% to £46.5 million in the 14 weeks to 1st October. The chocolate retailer said the results were in line with management expectations.

GENERAL MERCHANDISE

Thorntons sees 7.6% fall in sales

Commercial channel sales declined by 4.9% to £18.9 million. The difference in growth, compared to the same period last year, reflects the timing of retailers' Christmas orders which will now fall into the second quarter. The order book for Christmas trading, however, remains strong and in line with expectations.

In a continuing tough retail environment, own store sales declined by 10.1% to £23.4 million with a like for like sales decline of 7.8%.

Thorntons Direct sales dropped 8.1% to £1.2 million due to the loss of a large corporate order. However, consumer online sales continued to grow by 5.1% year on year.

Jonathan Hart, CEO, commented: "As expected, the retail environment continues to be challenging with weakness in High Street footfall. Our consumers remain cost conscious and continue to select promoted products. Our programme to improve Own Store merchandising and layout launches in October. We are now starting to roll out our new ranges of 'little gifts' into the stores and are pleased with our strong Christmas seasonal offer across all channels.

"The commercial sales order book for Christmas is in line with our expectations and we would expect to report strong year on year growth within this channel by the half year."

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing