Liberty - 68% owned by MWB - issued the following press release today:-
Liberty Plc: Record Christmas Trading
Liberty Plc (“Liberty”), the Regent Street emporium, today announces a record Christmas trading period with sales almost 6% higher than the comparable period in 2005.
Although sales at the start of the four week run up to Christmas began more slowly than in 2005 trading picked up dramatically during the first week in December 2006 as Liberty recorded its highest ever normal day’s sales. Over two consecutive days sales totalled almost £1m.
Iain Renwick, Liberty’s Chief Executive, said: “I believe this stunning performance reflects customer response to Liberty’s very distinct offer. Today Liberty is seen as a fashion and design-led business offering customers upmarket style and quality.
“Liberty of London, our luxury branded goods collection, has performed superbly. We now have a very loyal and growing customer base which sees us as a beacon in the West End providing great service and beautiful merchandise in a totally unique retail environment.”
Renwick went on to point out that the like-for-like performance does not take into account that over this Christmas period Liberty traded from approximately 20% less space than last year.
Top performers over the Christmas period included women’s luxury fashion accessories, fragrance and beauty while men’s fashion and accessories together with fine jewellery also traded very strongly.
Liberty also announces that the first two days of the seasonal sales have started strongly.
A trading statement covering the 12 months to 31st December 2006 will be issued shortly.
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