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Laura Ashley bucks downward retail trend with strong results

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By John Glenday, Reporter

June 12, 2012 | 1 min read

Laura Ashley, the fashion and furniture retailer, has bucked the downbeat trends on the High Street to report a 4.1% jump in retail sales and a 5.4% hike in like-for-like revenues for the 18 week period to June 2.

In recent years the retailer has diversified its offer from women's clothing to encompass paint, wallpaper, mirrors and furniture – putting it in good stead to weather the changing habits of its customers.

The store also cites its revamped website and new mobile friendly offering which grew online sales by 18.8% compared with a year earlier.

In a statement Laura Ashley said: “The company is confident that its well-established brand, high-quality product offering and strong balance sheet will ensure the like-for-like sales growth trend continues across the retail business for the rest of 2012.”

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