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
Web sales push up Flying Brands’ interim results

The interim management statement covers the three months to 1 October 2010.

CITY & CORPORATE

Web sales push up Flying Brands’ interim results

For the ongoing business as a whole, sales for the period were £5.6m, compared to £5.0m the same period last year. Web sales accounted for 41.2% of total sales, almost double last year's percentage of 21.2%
The Group has  also announced  the acquisition of 50% of Dealtastic Holdings Limited, a company set up to exploit opportunities in Web retailing and promotional activities.
 
Sales in the Garden Division for the quarter were £3.1m (2009: £3.1m). The recently acquired Garden Centre Online performed in line with expectations. Web sales in this division increased from £0.65m in 2009 to £1.06m this year representing 34% of total sales (2009: 21%). On a like for like basis web sales increased Web from £0.65m to £0.92m.
 
The  Gifts Division's sales were £2.0m compared with £1.4m in the equivalent period last year.
Web sales in the Gifts Division increased from £0.36m in 2009 to £1.19m this quarter representing 59.4% of total sales (2009: 25.9%).  Flying Flowers  increased like-for-like web sales from £0.36m to £0.41m, which represented 37.5% of total sales (2009: 25.9%).
 
Trading conditions in the gardening sector have been tough throughout this year and this has impacted the performance of Gardening Direct.
The improvements made in Flying Flowers and in Garden Bird Supplies should go a long way to making up for the under-performance of Gardening Direct. The company anticipates a much-improved performance in the Gifts Division over the crucial Christmas period.
They say that going forward,  recent acquisitions and in particular the strengthening of the Gifts Division should mean that overall group performance is less dependent on the performance of Gardening Direct.
 

 

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