Laura Ashley’s chairman Khoo Kay Peng has blamed difficult trading conditions in the first half of the year for its pre-tax profits falling by 33 per cent. The retailer’s UK sales were down by 6.3 per cent to £236 million with it having closed eight stores. It did, however, enjoy a flip in its online sales with like-for-likes up by 4.1 per cent to now account for 25 per cent of its retail revenues. Its fashion offering also achieved an increase in sales, of 9.7 per cent.
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