The retailer reported an increase in the Clinton’s brand of 1.6 per cent and an increase in the Birthdays brand of 3.1 per cent, indicative of a slow down in sales in October. Clinton’s preliminary results on October 9 showed like-for-like sales for the nine-week period had increased 2 per cent and 4.8 per cent for Clinton’s and Birthdays respectively.
Clinton said it was confident about the product offering in both chains for the Christmas period.
In its last report and financial statements, there was a reference to a contingent liability for proceedings issued against the retailer, with the matter due to be heard in court in November. The issue has now been settled out of court, with the claimant accepting the amount paid into court in March 2006, amounting to£95,000.
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