House Of Fraser PLC
12 January 2001
HOUSE OF FRASER PLC ('House of Fraser')
House of Fraser today reported a continuation of its strong
sales performance this year with cumulative like for like sales
growth of 6.0% for the 23 weeks to January 6th.
Within this, the Christmas Trading period, covering the 7 weeks
to 6th January, saw total sales growth of 4.5%. This is
particularly encouraging on top of the 10% total sales growth
reported for the same 7 weeks last year.
These results represent continued market share increases in
cosmetics and all the Fashion areas of the business, and gross
profit margin rates in line with last year over both the half
and full year.
The two major refurbishments at Oxford Street and Guildford
were completed in the Autumn, adding a total of 80,000 square
feet trading space. Both stores have traded strongly since
House of Fraser's Preliminary Results for the year ended 27th
January 2001 will be published on the 28th March 2001.
The Chief Executive of House of Fraser, John Coleman, said
today: 'The significant sales growth which House of Fraser
continues to achieve reflects our strong merchandise offer and
our position as Britain's leading retailer of designer brands.
We are particularly pleased by our sales over the Christmas and
January trading periods, as these were up against a very strong
Millennium-driven performance in the same period last year.'
House of Fraser Plc Square Mile BSMG
John Coleman - Chief Executive David Simpson
David Adams - Finance Director Tel:020 7601 1060
Tel: 020 7963 2427