GENERAL MERCHANDISE NEWS
Instore sales growth continues in second half.
12 January, 2008 | by Retail Bulletin
Instore has said that its sales growth has continued into the second half of the financial year, but growth slowed during the Festive trading period.
Total sales for the 18 weeks ending 29th December 2007 were up 2.4 per cent and up 2.9 per cent on a like-for-like basis. For the final 5 weeks of that period, total sales were up 0.4% and 1.0% on a like-for-like basis. The figures do not include the impact of the 33 Ponden Mill stores, the acquisition of which was announced
on 21st December.
“Residual seasonal stock is lower than last year so we anticipate that clearance markdowns will be lower during January and February. However, this will dampen sales growth during that period.” the company said.
