Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Laura Ashley hit by weak consumer spending

Laura Ashley saw like-for-like sales fall 7.6% for the first 17 weeks of the financial year because of weaker consumer spending.

Laura Ashley said that performance was also hit by new openings near to existing stores.

Total retail sales for the period were up 7.9% because of new store openings. 12 shops opened and two store closed during the 17 weeks from February.

Margins were ahead by just under two percentage points.

Laura Ashley's franchising and licensing sales reported marginal declines but mail order and internet sales were up 8.1%.

Laura Ashley said in a statement that despite the difficult trading outlook, it expected pre-tax profit for the financial year ended January 31 2009.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.