TIDMALY

RNS Number : 4213J

Ashley (Laura) Hldgs PLC

12 June 2014

LAURA ASHLEY HOLDINGS PLC

Interim Management Statement

12 June 2014

Laura Ashley Holdings Plc ("Laura Ashley") announces its Interim Management Statement for the 19 weeks to 8th June 2014.

In the first 19 weeks of the current financial year to 31st January 2015, total retail sales fell by 0.9% year-on-year. However, like-for-like sales increased by 0.7% during the same period.

Both Fashion and Home furnishings have recorded like for like growth.

A French language website was launched during April 2014 and a German language site will be launched soon.

Since the start of the year, two retail stores have been opened in Waltham Cross Homebase and Bishop Stortford Homebase. Three stores have been closed in Llanelli, Aberystwyth and Richmond during the same period.

Our franchise business continues to grow with 6 stores added since 25(th) January 2014, which include 5 openings in Japan, 4 in South Korea and closures of one store each in Taiwan, Belgium and Bulgaria. This takes the total to 292 shops in 31 countries.

Enquiries:

 
     Seán Anglim                    Laura Ashley                    020 7880 5100 
     Anita Scott/James Olley             Brunswick                       020 7404 5959 
     Mark Percy/Catherine Leftley        Cantor Fitzgerald Europe        020 7894 7602

This information is provided by RNS

The company news service from the London Stock Exchange

END

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