Aurora Fashions, the group that operates womenswear chains Oasis, Coast, Karen Millen and Warehouse, has said it has achieved strong single-digit like-for-like growth in the first half of its current financial year across all four brands.
The group, which recorded sales of £661m and EBITDA of £38.6m in the year to January 30 - the first year since its restructure from the ashes of the pre-pack administration of Mosaic Fashions - said since the year end, all brands had performed well.
Aurora chairman Derek Lovelock said: “It was a difficult start to the spring season on young fashion but the performance has come through very strongly in the last two months with Warehouse in particular delivering double-digit like-for-like sales increases.”
He also said there had been “a turnaround in fortunes at Oasis, which everyone acknowledged had a difficult start to the season” but added it reported strong like-for-likes, especially in the last six weeks.
Karen Millen, the strongest performing chain in the group, achieved like-for-like growth in both sales and margins during the first half. Like-for-likes were up 14% in the US, and 15% in Europe during the period.