Bonmarche Holdings PLC Trading Statement (4528F)
28 July 2016 - 4:01PM
UK Regulatory
TIDMBON
RNS Number : 4528F
Bonmarche Holdings PLC
28 July 2016
28 July 2016
Bonmarché Holdings plc
("Bonmarché" or the "Company" or "Group")
Trading Statement
Bonmarché, one of the UK's largest women's value retailers,
presents its first quarter trading update, for the 13 week period
ended 25 June 2016.
Sales for the quarter ended 25 June 2016 decreased by 3.6%.
Store like-for-like ("LFL") sales declined by 8.1%. We summarise
the figures in the table below, and include for reference the
corresponding figures for the previous quarter and last year.
Store Online LFL stores Total
only only plus online sales
LFL% sales % sales % change*
change % change change
----------------- -------- ---------- ------------- -----------
Q1 - 13 weeks
ended 25 June
2016 (8.1%) (2.7%) (7.7%) (3.6%)
----------------- -------- ---------- ------------- -----------
Comparable figures for prior quarter:
-------------------------------------------------------------------
Q4 - 13 weeks
ended 26 March
2016 0.4% 1.9% 0.5% 5.2%
----------------- -------- ---------- ------------- -----------
Comparable figures for last year:
-------------------------------------------------------------------
Q1 - 13 weeks
ended 27 June
2015 (1.7%) 11.4% (0.7%) 3.8%
----------------- -------- ---------- ------------- -----------
*The average number of stores/concessions open during the
quarter was 315. At 25 June 2016, Bonmarché traded from 316
stores/concessions (26 March 2016: 312).
Financial position and outlook
Trading during the first quarter of FY17 has been difficult
principally due to continued poor weather. It is not unusual for
external conditions to create significant variations in quarterly
performance, and therefore our expectation for the full year
remains unchanged on the assumption that trading conditions
normalise through the autumn season. The Company's financial
position remains sound.
Beth Butterwick, Chief Executive Officer of Bonmarché, said:
"Sales were down 3.6% in a challenging quarter, due to a lack of
strong demand across our high summer clothing categories. We
continue to focus on creating a more modern experience for our
customers through the execution of our five strategic pillars for
growth: brand development and customer acquisition, product
development, channels to market, systems and processes, and people
and culture. Our expectation for the full year remains unchanged,
on the assumption that trading conditions normalise through the
autumn season."
- Ends -
For further information regarding Bonmarché, please call:
Bonmarché Holdings plc c/o
FTI
Beth Butterwick, Chief Executive +44 (0)20 3727
Stephen Alldridge, Finance Director 1000
FTI Consulting - Communications
adviser
Jonathon Brill, Georgina Goodhew, +44 (0)20 3727
Fiona Walker 1206
Notes to Editors:
Bonmarché is one of the UK's largest women's value retailers,
focused on selling stylish, affordable, quality clothing and
accessories in a wide range of sizes, via its own store portfolio,
website, mail order catalogues and through the Ideal World TV
shopping channel. Established in 1982, Bonmarché has more than 30
years of experience in this growing market segment, operating
across the UK.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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