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19/12/2001
Littlewoods reduce losses in first half report
UK retailer Littlewoods has announced they are making good progress in reviving the business as the company revealed a reduction in losses for the first half of the year.
The company posted a loss of £9.9m for the six months to October 31, down from a loss of £34.2m for the same period the previous year.
Sales for the half-year rose 4 per cent to £898.3m, while sales at their high street stores climbed 5 per cent compared to last year.
Chief Executive Alistair McGeorge commented: "We are greatly encouraged that the steps taken to restore business performance are delivering results. With further operational efficiencies planned in the second half of the year, together with a greater focus on full price sales and margins, Littlewoods is on-track to record a significant improvement in operating profits for the financial year." (GB)
The company posted a loss of £9.9m for the six months to October 31, down from a loss of £34.2m for the same period the previous year.
Sales for the half-year rose 4 per cent to £898.3m, while sales at their high street stores climbed 5 per cent compared to last year.
Chief Executive Alistair McGeorge commented: "We are greatly encouraged that the steps taken to restore business performance are delivering results. With further operational efficiencies planned in the second half of the year, together with a greater focus on full price sales and margins, Littlewoods is on-track to record a significant improvement in operating profits for the financial year." (GB)
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
