In recent weeks, sales figures have witnessed a drop, According to Laura Ashley, the famous furniture and clothing retailer. The slowdown is attributed to adverse weather conditions that dominated the UK recently.
‘Sales figure has increased by 2.7% over the 19 weeks leading to December, compared with the same period last year,’ explained the retailer. ‘The rate has dropped to only 1.3% increase over this period.’Laura Ashley’s first half, covering six months to the end of July; sales figures recorded 6.2% like-for-like growth.
‘Economic slowdown and bad weather meant that we see a slower like-for-like growth figures; However, with a 4.6 underlying like-for-like sales group, we are confident that our figures will exceed the expectations for the financial year,’ added Laura Ashley. Over the course of the financial year to date, Laura Ashley had shut down 12 stores and opened two.