INST Instore

 
TIDMINST 
 
The Board of Instore plc today provides the following update on 
trading, which constitutes the Company's Interim Management Statement 
issued in accordance with the Disclosure and Transparency Rules: 
 
As reported in the  Company's Annual Report  published on 30th  June, 
the trading environment since the beginning of the financial year  on 
1st March  2009 has  been  challenging, due  to both  the  underlying 
economic climate and an ever more competitive discount sector. 
 
While recent  trading  has  to some  extent  been  encouraging,  with 
gardening and outdoor  living ranges  performing well as  the UK  has 
enjoyed good seasonal  weather in  the late spring  and early  summer 
months, margins have come  under pressure as  the Company strives  to 
maintain its competitive edge.  It is expected that such pressure  on 
margins will continue over the coming months. 
 
In addition, although welcoming this recent positive sales trend, the 
Board does  not regard  this as  indicative of  a turnaround  in  the 
Company's overall situation and  believes that it  will be some  time 
before the effectiveness of the actions taken to address  fundamental 
issues within the business can be judged with reasonable certainty. 
 
 
 
For further information, please contact 
 
Ebrahim Suleman       Group Finance Director 
01484 431444 
 
=--END OF MESSAGE--- 
 
 
 
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement. 
 

Instore (LSE:INST)
Historical Stock Chart
From Apr 2024 to May 2024

Instore (LSE:INST)
Historical Stock Chart
From May 2023 to May 2024