GENERAL MERCHANDISE NEWS
Tough trading at Blacks
19 July, 2006 | by Retail Bulletin
Total Group sales in the 20 weeks to 15 July 2006 increased by 2.6 per cent. Like for like retail sales fell by 1.0 per cent in the same period
Blacks added that its trading had been affected by the World Cup, the lack of the Glastonbury festival this year and the continued dry weather. “The current retail market remains challenging. We expect to see an early improvement in performance for the balance of this half to 31st August covering our key camping and hiking season, with Blacks in particular recovering well post the World Cup. However we now expect the profit result for the first half to be below that of last year”
