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Bonmarché reports ‘solid start’ to year despite inconsistent weather

Bonmarché has reported like-for-like store sales fell by 1.7% in the 13 weeks to June 27, an improvement on the previous quarter when sales fell by 4.7%.

Bonmarche

The company had tough comparatives from the first quarter of 2014, when like-for-like sales grew by 13.5%.

Total sales increased by 3.8% driven by online sales growth of 11.4% and the addition of new space during the period. On a like-for-like stores plus online basis, sales fell by 0.7% for the 13-week period at the value womenswear retailer.

Bonmarché, which trades from 295 stores and concessions in the UK, said it is on track to achieve its full-year profit and sales guidance. For the last full year to March 28, it increased sales by 8.7% to £178.6m and profit before tax by 55% to £12.4m.

Chief executive Beth Butterwick said: “Our like-for-like run rate shows an improvement compared to the previous quarter, despite inconsistent spring and early summer weather.

“We continue to make progress with the execution of our strategic initiatives. We are listening to our customers’ feedback, based on which, our plans will evolve.”

@Tara_Hounslea

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