Laura Ashley may have suffered torrid trading over the past few years, but it started 2020 by taking action to stop the rot. With a £20m loan secured and a new boss in post, can the heritage retailer do enough to survive?
Laura Ashley posted widening pre-tax losses at the interim mark earlier this month, while like-for-like sales slumped 10.4% and online sales slid 15.5%.
It’s a bleak picture for the once sought-after fashion and homewares brand – but new chief executive Katharine Poulter, former managing director at Wilko, is confident she knows how to revive the business’s fortunes, thanks to Laura Ashley’s outspoken customers and staff.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.