TIDMADIL
RNS Number : 0244Z
Adili PLC
15 September 2009
AIM: ADIL 15 September 2009
Adili plc
("Adili" or "the Company")
Store openings
Adili plc announces the planned opening of two retail stores in late October
under the Ascension fascia, one in St Christopher's Place, London W1, as a brand
'flagship', and one in Dorchester, Dorset, substantially as a clearance store.
Adam Smith, CEO, commented:
"The opening of these stores position Ascension strongly in the fashion sector
and are important assets to our brand, as well as being a significant source of
sales growth and contribution to profit in their own right.
"Whilst this development represents a shift in our channel strategy to a
multi-channel fashion retailer, the focus on direct sales with the attendant
operational gearing benefits to the company remains paramount.
"I look forward to seeing the significant progress in our own label offer being
'showcased' in our stores as well as on our website."
Enquiries:
+----------------------------+--------------------------+------------------+
| Adili plc | Adam Smith, Chief | T: 01258 837 437 |
| | Executive Officer | |
| | Mark Swire, Finance | |
| | Director | |
+----------------------------+--------------------------+------------------+
| | | |
+----------------------------+--------------------------+------------------+
| Seymour Pierce | Nicola Marrin | T: 020 7107 8000 |
| | Catherine Leftley | |
+----------------------------+--------------------------+------------------+
| | | |
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This information is provided by RNS
The company news service from the London Stock Exchange
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