Like for likes fall at HoF
LFL sales decline by 2.5 per cent.
Total sales grew by 7.6% against the previous year, reflecting the incremental sales from Beatties, Jenners and newly opened stores, partly offset by the closure of Regent Street and Kensington. On a like for like basis, sales declined by 2.5 per cent on the same period in the previous year.
John Coleman, Chief Executive of House of Fraser, said ‘Despite a tough period of trading we have continued to achieve a great deal across the business – bringing in new and exciting brands and ranges across all our stores, relaunching our private label Linea, integrating Jenners and Beatties and continuing our programme of low cost refurbishments.
This has been a busy period for the Company, culminating in the recent offer from Highland. It is testament to our employees that they have strengthened the overall customer proposition and business model despite the distractions of the offer process and this is reflected in our good current trading figures. I would like to thank them all for their hard work and continued support.’
