Partners Holdings - Trading Statement

RNS No 6866p
PARTNERS HOLDINGS PLC
27th January 1999

                    PARTNERS HOLDINGS PLC
                              
                 Christmas Trading Statement
                              
Partners Holdings PLC, the operator of 105 specialist retail
stationery stores, today announces details of its  Christmas
trading period.
                                         Like for Like sales
                                           Comparable stores
                                                    % change

6 weeks ended 26 December 1998                     + 4.3%

Christmas  sales were above earlier expectations, increasing
by  4.3% on a like for like basis.  However, this growth was
mainly  achieved  through aggressive promotional  activities
with a consequent cost to margins.

The  Company's "New Concept" stores have initially  produced
some  encouraging results and a number of other  initiatives
are also in progress.

The effects of these developments and Christmas trading will
not be sufficient however to reverse fully the disappointing
results of the first six months.

The  Board will review the appropriateness of paying a final
dividend in the light of our full year results due  in  June
1999.

Enquiries:

Partners Holdings PLC
Michael Scorey, Chairman                                Tel: 01270 505 888
Alan Goodwin, Finance Director

College Hill                                            Tel: 0171 457 2020
Matthew Smallwood
Kate Pope


END

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