GENERAL MERCHANDISE NEWS
John David Group shows stamina
21 July, 2005 | by Retail Bulletin
Last years figures benefitted from Euro 2004. like for like sales performance positive over the last four weeks despite the adverse influence of the London bombings.
Like for like sales for the 24 weeks ended 16 July 2005 were up in the Sport Fascias (0.2 per cent), but down in the Fashion Fascias (-3.4 per cent). Overall like for like sales for the 24 weeks ended 16 July 2005 were marginally down at -0.1 per cent. Overall gross margins improved in both divisions and operating costs are “within expectations”.
Pentland Group PLC’s now owns 57% of the company through their Manchester Square Enterprises Limited subsidiary and may appoint a representative to the Board in due course.
