Trading Update

STOREHOUSE PLC
27 September 1999

                            Current Trading Update

For the 25 weeks to 18 September 1999, UK sales at Bhs were 4.3 per cent lower
than last year (9.0 per cent like-for-like decline).  Mothercare's UK sales
for the same period were down by 3.9 per cent (2.0 per cent like-for-like
decline) and sales to overseas franchisees fell by 48.5 per cent.

As a result of the lack of sales momentum, the higher levels of markdown
necessary to control stock and the planned increase in costs associated with
new investment, the group's pre-tax profit performance for the 28 weeks to 9
October 1999 is expected to be in the range of a £15 million to £20 million
pre-tax loss.  Stock levels are below those of last year and cost increases
are as anticipated.

The announcement of interim results on 18 November will include a progress
report on the board's review of strategic options for the group.  In the
meantime, the search for a new chief executive is continuing.

Enquiries:

Storehouse plc
Chris Martin, Group finance director            0171 339 2152
Stephen Pain, Director of corporate affairs     0171 339 2577

Brunswick
Susan Gilchrist                                 0171 404 5959
Victoria Sabin                                  0171 404 5959