Laura Ashley Frock Sales Dip

Summary


SALES have slumped at Laura Ashley as rising interest rates put customers off posh frocks and luxury furniture.

Underlying revenues fell 7.1pc in the half year to July. But pre- tax profits came up smelling of roses, increasing 33pc on an underlying basis after the retailer improved stock control to prevent slashing prices.

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Extract


Laura Ashley Frock Sales Dip

Finance direc...

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