Liberty PLC
13 January 2006
FOR IMMEDIATE RELEASE
13th January 2006
LIBERTY PLC:
CHRISTMAS TRADING STATEMENT -
SALES ADVANCE BY OVER 5%
Liberty Plc ('Liberty' or 'the Company') today announces that sales at its West
End emporium for the six weeks to Christmas showed a 5.4% advance over the
comparable period a year ago, further building on the significant growth
achieved in 2004.
The store also experienced one of its best performances in the week immediately
prior to Christmas with a 20.4% increase in sales over the same week a year ago,
benefiting from an extra trading day.
Since Christmas the sales momentum has continued with a 3% increase in volume
for the first full week of post Christmas sales compared to the same period a
year ago.
Iain Renwick, Liberty's Chief Executive, commented: 'Our retail trading
performance through Christmas has been very encouraging, all the more so in
light of the post-July trading climate which has made London's West End a
challenging retail environment.
'Liberty has built on last year's excellent Christmas trading performance which
has been underpinned by our successful new luxury branded goods collection,
Liberty of London, which has been very well received by customers and the media
alike.
'Although we view the year ahead with some caution, we will be completing the
consolidation of our retailing activities into the iconic Tudor building by
April 2006. While this is expected to reduce headline gross sales figures
slightly, we are confident of the positive effect that this will have on both
sales densities and profitability over the full year,'concluded Renwick.
This sales increase continues to reflect Liberty's increasing popularity as a
destination-shopping venue together with the highly successful launch of the
Liberty of London luxury goods brand. The pre-Christmas sales performance was
not as a result of aggressive discounting and demonstrates the success of the
strategy being followed by the management team
Four key areas dominated the continued improved performance: Beauty and
Cosmetics; Ladies Accessories; Jewellery; and, Menswear.
As with last year, this December's results followed a strong performance in the
Autumn/Winter season, where in spite of the effect of the July bombings in
London, the store's retail sales for the 26 weeks to 31st December 2005 were
1.4% higher than the previous year.
Ends.
Contact:
Richard Balfour-Lynn, Chairman, Liberty. Tel: 020 7706 2121
Iain Renwick, Chief Executive, Liberty. Tel: 020 7734 1234
Baron Phillips, Baron Phillips Associates Tel: 020 7920 3161
This information is provided by RNS
The company news service from the London Stock Exchange
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