|Bonmarche Holdings - Trading Update|
RNS Number : 7999J
Bonmarche Holdings PLC
Bonmarché Holdings plc
("Bonmarché" or the "Company" or "Group")
Bonmarché, one of the UK's largest women's value retailers, presents its trading update for the 13 and 52 week periods ended Saturday
Sales for the year ending
The board is satisfied with the current year's performance, and anticipates that the outcome will be in line with its expectations. The Group's financial position is sound, and we enter the new financial year with a strong balance sheet.
"This has been a year of contrasts. A strong performance in the first half was supported by good summer weather, however the mild autumn created more difficult trading conditions in the second half of the year. Against this backdrop, we expect to report solid profit growth. During the second half of the year in particular, the loyalty of our core customers and our ability to maintain a tight control on costs have been key strengths. I am also pleased that through the targeted use of promotions and discounts, the terminal stock holding at the end of the year was almost as low as it was last year, despite the increase in stores.
We remain focussed on implementing our strategy and I look forward to providing an update on our progress when I present our preliminary results on 12 June"
- Ends -
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Notes to Editors:
Bonmarché is one of the UK's largest women's value retailers, focused on selling stylish, affordable, premium quality clothing and accessories in a wide range of sizes for women over 50 years old, 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
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