Twitter
Facebook
Linked In
RSS
Login or Register
New to InternetRetailing?
Register Now
Internet Retailing

This is your 1 complimentary article for this month

Become a member for unlimited and immediate access.


Register
Already a member? Log in here

Laura Ashley first-half online sales reach £23.5m

Linked InTwitterFacebookeCard
Laura Ashley first-half online sales reach £23.5m
Laura Ashley first-half online sales reach £23.5m
Laura Ashley today said its online sales grew by 4.5%, or £1m, to reach £23.5m in the first half of its financial year.

Ecommerce sales accounted for 19% of total UK retail sales during the six months to August 1. The fashion to furniture retailer said today that it had introduced delivery of online orders to the Benelux countries. "Early indications," it said, "are that this will grow quickly."

The figures came as Laura Ashley reported a 3% fall in group sales to £139.7m, while pre-tax profits dipped by 1.2% to £8.4m, from £8.5m at the same time last year. Like-for-like retail sales, however, grew by 7%.

Chairman Tan Sri Dr Khoo Kay Peng said: "I am pleased to report that our business has maintained the robust performance of recent years with a healthy increase in like-for-like, retail sales. Our UK business, buoyed by a strong performance from our online channel, has shown resilience and potential for continued growth."

The UK business saw strong growth in its furniture (+10.4%, like-for-like), home accessories (+10.5%, like-for-like) and decorating (+4%) categories. Together these account for 83% of sales. But in the competitive fashion category, which accounts for 17% of turnover, like-for-like sales grew by just 0.6%.

Linked InTwitterFacebookeCard

Become a Member

Create your own public-facing profile
Gain access to all Top500 research
Personalise your experience on IR.net
Internet Retailing
We are the magazine, portal and research source for European ecommerce and multichannel retail, hosting the board-level conversation for retailers, pureplays and brands across all of our platforms. Join the conversation.

© InternetRetailing Media

Latest Tweet

Internet Retailing
Tamebay
eDelivery
Twitter
Facebook
Linked In
Youtube
RSS
RSS
Youtube
Google
Linked In
Facebook
Twitter