Department store Liberty has said that trade is in line with company expectations, despite the tough market conditions.
The retailer said it has seen increased footfall and revenue over the past three months as the changes implemented within the store during the last year increasingly appeal to its customer base.
Improvements include the new footwear boutique on the second floor and an expanded and more edgy womenswear offer. The strategy of providing more exclusive international brands throughout the store is proving popular and Liberty is well on its way to re-establishing itself as a retail destination offering avant-garde design.
Liberty chairman Richard Balfour-Lynn, Liberty said: “Despite turbulent financial markets and the impact of the credit crunch, I am pleased to report that our business is currently performing well and in line with the Board’s expectations.”
MWB Group Holdings Plc holds a 68% interest in the retailer.