Crawshaw Group PLC Trading Update (9141W)
January 06 2014 - 2:00AM
UK Regulatory
TIDMCRAW
RNS Number : 9141W
Crawshaw Group PLC
06 January 2014
Crawshaw Group Plc
Christmas Trading Update
Crawshaw Group Plc ("Crawshaw" or the "Company"), the meat
focussed retailer, provides the following update on current
trading.
On the 19(th) of November 2013 I reported that our like for like
sales for the 7 weeks since 26(th) September were up 18%, and that
we would issue a further update following the very important
Christmas trading period.
I'm once again delighted to report that management actions are
continuing to deliver a progressively improving result, with like
for like sales for the 7 weeks to 29(th) December 2013 up 21%, and
once again at a higher gross margin.
With costs very much under control, we now expect the out turn
for the full year to end January 2014 to be materially higher than
the current market forecast.
We are also delighted to report that on 25(th) November we
opened a further retail outlet, in the new Sheffield covered
market, which is trading well, and that we are close to completing
the lease on a retail premises, also in Sheffield.
Richard Rose, Chairman of Crawshaw, commented: "Our customers
are spending more with us, and we have attracted a lot more
customers. This reflects the excellent quality and value we offer.
The improvements in trading performance are spread across most of
our stores, and this gives me much confidence for the future. We
are excited to have been able to restore our store expansion
program, albeit in a very controlled manner."
END
Enquiries:
Crawshaw Group plc
Lynda Sherratt 01709 369 602
W H Ireland Limited
Daniel Bate 0161 832 2174
This information is provided by RNS
The company news service from the London Stock Exchange
END
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