Partners Holdings - Trading Statement

RNS No 8696p
PARTNERS HOLDINGS PLC
20th January 1998

                  PARTNERS HOLDINGS PLC
                            
      Year to Date and Christmas Trading Statement
                            
Details   of  the  Group's  sales  performance  for   the
financial year to date, including sales for the Christmas
and  New  Year trading period, are shown below.   As  was
stated in the interim announcement released on 9 December
1997  when  relative sales performance was  at  its  low,
sales  for  all  periods  have been  below  expectations.
However,  there  has  been a significant  improvement  in
sales  over  Christmas and into the New  Year  which  has
resulted in a much more positive trend for like for  like
sales.

Period                          Total Sales    Like for Like Sales
                                All Stores     Comparable Stores
                                % Change       % Change
                                          
28 weeks ended 11 October 1997  +14.4          -1.3

14 weeks ended 17 January 1998  +17.1          -3.7

Second half sales may be analysed as follows:

8 weeks ended 6 December 1997   +14.3          -6.0
4 weeks ended 3 January 1998    +20.3          -1.2
2 weeks ended 17 January 1998   +21.3          -0.5


Following  the completion of the Christmas and  New  Year
trading  period  the Group has been able to  implement  a
number  of  initiatives aimed at improving the  level  of
underlying   sales.   Pending  the   results   of   these
initiatives  the Group will scale back its planned  store
opening  programme  for the next financial  year.   Costs
have  continued to be successfully controlled  throughout
the year and margins have been fully maintained.


                                        20 January 1998

Enquiries:

Partners Holdings plc          Tel: 0171 589 4020
Michael Scorey, Chairman


College Hill                   Tel: 0171 457 2020
Matthew Smallwood


END


MSCALLSTLVIALAT

Port.fd.idr (LSE:PRT)
Graphique Historique de l'Action
De Déc 2024 à Jan 2025