Bonmarche Holdings PLC Trading Update (2017M)
27 July 2017 - 4:00PM
UK Regulatory
TIDMBON
RNS Number : 2017M
Bonmarche Holdings PLC
27 July 2017
27 July 2017
Bonmarché Holdings plc
("Bonmarché")
Trading Update
13 week period ended 1 July 2017
Bonmarché, one of the UK's largest women's value retailers,
presents its trading statement for the 13 week period ended
Saturday 1 July 2017.
Total sales for the 13 weeks ended 1 July 2017 increased by 7.6%
against the corresponding period in FY17. Store LFL sales increased
by 4.2% and online sales increased by 39.0%, as summarised in the
table below:
Store Online LFL stores Total
only only + online sales
LFL % change % change % change
% change
13 weeks ended
1 July 2017 4.2% 39.0% 6.8% 7.6%
---------------- ---------- ---------- ----------- ----------
At 1 July 2017, Bonmarché traded from 322 stores/concessions (2
July 2016: 317) and online.
Outlook and financial position:
Trading during the first quarter of the new financial year has
been in line with the Board's expectations, which are therefore
unchanged in relation to the full year's result. The financial
position of the business remains sound.
Helen Connolly, Chief Executive Officer of Bonmarché said:
"I am pleased with the improvement in trading and in particular
the further progress in online sales. Whilst we are in the early
stages of implementing our strategy, I am encouraged by the
positive response from customers to the developments in our ranges
and the improvements we are making to the shopping experience.
The improved sales performance during the first quarter,
achieved in a clothing market which remains challenging, underpins
our confidence in the strategy, and our expectations for the full
year remain unchanged."
For further information regarding Bonmarché, please call:
Bonmarché Holdings plc c/o FTI +44 (0)20
Helen Connolly, Chief Executive 3727 1000
Stephen Alldridge, Finance Director
FTI Consulting - Communications
adviser
Jonathon Brill, Georgina Goodhew, +44 (0)20 3727
Eleanor Purdon 1000
Investec Bank plc - Broker
Garry Levin, David Flin, Alex +44 (0)20 7597
Wright 5970
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
and online. Established in 1982, Bonmarché has more than 30 years
of experience in this 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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