Property News · February 15, 2018

Laura Ashley profits fall as furniture sales slump hits home


Weaker pound also blamed for steep fall in profits at fashion and home furnishings firmLaura Ashley has warned profits will fall short of City forecasts after taking a hit from the weak pound and slumping demand for furniture and wallpaper in the UK.The home furnishings and womenswear firm, known for its floral prints, reported a steep drop in pretax profits to £4.3m in its first half to 31 December from £7.8m a year earlier. It warned full-year profits would miss market expectations of £9m and ditched its interim dividend. Last year it made a profit of £8.4m. Continue reading…

Source : theguardian.com
Read more…Laura Ashley profits fall as furniture sales slump hits home

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