Instore sales slip
Peter Burdon, Chief Executive Officer, to step down on 15th July 2009.
In the 19 weeks ended 11th July 2008, total Group sales were 0.3 per cent above last year but on a like-for-like basis, sales fell by 1.9 per cent.
“Whilst we endeavour to expand our range of everyday consumer products to help drive regular footfall, the poor weather which adversely affected sales in the first two months of the year continues to have a marked impact on sales of our seasonal ranges. Management continues to maintain a tight reign on costs which has partially mitigated the sales performance but the Company has continued to trade at a loss – although shareholders will know that the Company has historically reported a loss during for the first half of the year.” the company said.
