15th Jan 2016 07:51
LONDON (Alliance News) - Women's value retailer Bonmarche Holdings PLC on Friday said trading remains in line with its expectations for the full year, despite a decline in like-for-like sales over the Christmas period.
Bonmarche said its like-for-like sales declined 0.8% in the 13 weeks to December 26, its third quarter, but fell 2.7% in the 5 weeks to the same period. Total sales in the quarter were up 3.4%, however, and rose 1.7% over the festive weeks.
For the 39 weeks to December 26, like-for-like sales rose 1.1%, while total sales are up 5.3% year-on-year.
The group said it was trading in line with its expectations for the full year, which were revised down ahead of the Christmas period amid tough trading conditions for the company.
"In the short period since Christmas, demand has trended towards more normal levels," said Beth Butterwick, Bonmarche's outgoing chief executive. She is leaving the company to join rival retailer Karen Millen.
By Sam Unsted; [email protected]; @SamUAtAlliance
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