Bonmarche Holdings PLC Trading Update (6468C)
April 19 2017 - 1:00AM
UK Regulatory
TIDMBON
RNS Number : 6468C
Bonmarche Holdings PLC
19 April 2017
19 April 2017
Bonmarché Holdings plc
("Bonmarché" or the "Company" or the "Group")
Trading Update
53 week period ended 1 April 2017
Bonmarché, one of the UK`s largest women`s value retailers,
presents its trading statement for the 14 and 53 week periods ended
Saturday 1 April 2017.
Sales for the 14 weeks ended 1 April 2017 increased by 2.7%
against the corresponding period in FY16. Store LFL sales decreased
by 0.5% and online sales increased by 15.2%.
Sales for the 53 weeks ended 1 April 2017 decreased by 0.5%;
store LFL sales decreased by 4.3% and online sales grew by 2.2%.
The table below summarises the figures:
Store Online LFL stores New stores, Total
only only + online closures sales
LFL % change* % change & other* % change
% change
14 weeks ended
1 April 2017 (0.5%) 15.2% 0.7% 138.3% 2.7%
---------------- ---------- ----------- ----------- ------------ ----------
53 weeks ended
1 April 2017 (4.3%) 2.2% (3.8%) 187.6% (0.5%)
As noted previously, FY17 includes a 53(rd) week to align our
reporting year-end more closely with our accounting reference date
of 31 March. To aid comparisons with FY16's 52 week reporting
period, we also include below the corresponding FY17 figures for
the 13 and 52 week periods ended Saturday 25 March 2017:
Store Online LFL stores New stores, Total
only only + online closures sales
LFL % change* % change & other* % change
% change
13 weeks ended
25 March 2017 (2.4%) 14.8% (1.1%) 144.6% 0.7%
---------------- ---------- ----------- ----------- ------------ ----------
52 weeks ended
25 March 2017 (4.7%) 1.8% (4.2%) 190.3% (0.9%)
At 1 April 2017, Bonmarché traded from 327 stores/concessions
(26 March 2016: 312) and online.
FY17 expectations:
The Board expects that the pre-exceptional PBT for the 53 week
period ended 1 April 2017 will be slightly above the mid-point of
the GBP5.0m to GBP7.0m range previously quoted on 21 September
2016. The Group`s financial position remains sound.
The results for the 53 week period ended 1 April 2017 will be
published on Monday 19 June 2017.
Helen Connolly, Chief Executive Officer of Bonmarche said:
"As anticipated, trading conditions post-Christmas continued to
be challenging, but this was accounted for when we issued the
revised profit guidance last September, and therefore the final
result for the year is in line with our expectations. Store
like-for like sales were negative in January but stronger during
February and March, and we also saw the resumption of growth in
online sales following improvements made to our online
offering.
Whilst we expect the apparel market to remain challenging during
the coming financial year, we are actively taking measures to
improve our proposition to customers. We remain confident that
Bonmarché remains unique in its ability to serve the needs of its
target market and that the successful implementation of our plan
will allow us to deliver growth in FY18, despite the challenging
market."
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
Advisor
Jonathon Brill, Georgina Goodhew, +44 (0)20 3727
Eleanor Purdon 1000
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.
Footnote
* As noted in our interim report on 21 November, during the
year, we ceased selling via the Ideal World TV shopping channel and
from stores hosted on ebay and Amazon. Sales from these channels
had previously been included within the classification of "online"
sales. To show more clearly the true sales from Bonmarché's own
online store, the sales from these discontinued channels have been
reclassified within "New stores, closures & other" in the
tables shown above, and online sales now purely represent sales
transacted through Bonmarché's website. For reference, the
equivalent figures on previously stated and new bases will be
included within our forthcoming preliminary results statement and
Annual Report.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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