January Sales also strong
Rosebys reveals festive sales uplift

January Sales also strong

Home textile and furnishing specialist Rosebys revealed that like-for-like sales rose 13 per cent for the three weeks ending December 23, reinforced by a strong start to the January Sales.

Rosebys said that the success of Christmas trading was built on the back of an 'outstanding year to date', when like for likes increased by the same percentage over 35 weeks to December 30.

The core textiles and furnishings business managed like-for-like growth of both sales and margins and the addition of complementary ranges for the home did not erode overall performance.

The retailer said: 'A new senior management team headed by Sue Tennant - who was appointed chief executive officer in January last year - has succeeded in stabilising the business and putting in place a trading format that has been able to cope with the aggressive market.'

Indian textiles manufacturer GHCL bought Rosebys for£27 million in August.

However, Rosebys said that the benefits of that deal were 'not reflected in the current trading performance, but are expected to flow through in the next financial year'.