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Bonmarche Holdings (BON)

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Thursday 27 July, 2017

Bonmarche Holdings

Trading Update

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 only LFL % change

Online only % change

LFL stores + online % change

Total sales % 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

Helen Connolly, Chief Executive

Stephen Alldridge, Finance Director

 

c/o FTI +44 (0)20 3727 1000

FTI Consulting - Communications adviser

Jonathon Brill, Georgina Goodhew, Eleanor Purdon

 

+44 (0)20 3727 1000

Investec Bank plc - Broker

Garry Levin, David Flin, Alex Wright

+44 (0)20 7597 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
 
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