Laura Ashley news and archive

Laura Ashley looking to boost online experience

Home furnishings, fashion and furniture retailer Laura Ashley has selected Oracle Commerce Cloud to enhance its online customer experience. Laura Ashley tasked Oracle to create a seamless, integrated customer experiences across traditional and digital channels as well as to enhance its inventory management to “meet growing demand for custom,...

Fashion

Laura Ashley: the fiery personality behind the soft florals

Laura Ashley, the designer known for her eponymous brand’s trademark floral prints with their subdued and soft tones, is perhaps less known for her fascinating life and fiery personality. Take the quiz below to discover the lesser-known side of Laura Ashley’s life, and revisit the delicate, idyllic floral prints that embodied her...

Management

Laura Ashley closures: an all-too-familiar sight for the high street

If you feel like the news on Monday that Laura Ashley would be closing 40 of its stores felt oddly familiar, it’s because it is. The UK is facing an increasing amount of store closures, and the once flowery Laura Ashley is the latest retailer to wilt in the country’s struggling high street. House of Fraser (HoF), New Look and Marks and Spencer...

Management |ANALYSIS Featured

Laura Ashley to close 40 stores in the UK and focus on China and ecommerce

New York –British clothing and homeware brand Laura Ashley has announced it will close circa 40 stores in the UK. A renewed push in China and the company refocus to leverage its fashion and online business units are also on the cards for the company. Winds of change are blowing for Laura Ashley. The British clothing and homeware company has seen...

Management |ANALYSIS Featured

Laura Ashley Australia: three years, two times into administration

New York – The Australian subsidiary of British fashion brand Laura Ashley has fallen into administration for the second time in barely three years. Laura Ashley entered Australia in 1971 and, at its peak, had more than 45 stores. It still had 38 stores in 2016. The clothing and home furnishing group, operated under licence from the original...

Management

Laura Ashley sales and profit decline, announces sale of Singapore property

Laura Ashley Holdings Plc in its full year results statement said that profit before tax and exceptional items reached 5.6 million pounds (7.2 million dollars) compared to 8.4 million pounds in 2017 (10.8 million dollars). Statutory profit before tax was 0.1 million pounds (0.13 million dollars) compared to 6.3 million pounds (8.1 million...

Management

Laura Ashley H1 sales and profit decline

For the 26 weeks to December 31, 2017, Laura Ashley Holdings Plc reported sales of 134.7 million pounds (189 million dollars), a fall of 7.7 percent. This overall fall, the company said, was primarily due to the closure of 25 stores during the second half of last year. Like-for-like retail sales for the period fell by 0.5 percent. Total...

Management

Laura Ashley reports fall in annual sales and profit

For the 52 weeks to June 30, 2017, total sales at Laura Ashley Group were 277 million pounds (354 million dollars) compared with 400.9 million pounds (513 million dollars) for the 74 week period last year. Like-for-like sales for the period fell by 3.1 percent. Group profit before taxation was 8.4million pounds (10.7 million dollars) against...

Report

Shares at Laura Ashley tumble by 18 percent on second profit warning in six months

British fashion and homeware retailer Laura Ashley saw its shares lose more than 18 percent at the close of market Tuesday after it issued its second profit warning in six months. The reason? “Demanding” market conditions and a weaker pound. Laura Ashley disclosed earlier this week that its full-year earnings would take a 2.8 million pounds hit...

Management

Laura Ashley sales down 2.5 percent, issues profit warning

Laura Ashley Group said that the 26 weeks period to December 31, 2016, total group sales were 146 million pounds (182 million dollars) compared to 149.8 million pounds in the period ending January 30, 2016, representing a fall of 2.5 percent. The company's board feels that due to continued market challenges, net pre-tax profit for the year will...

Management

Laura Ashley annual fashion sales decline 3.9 percent

For the 74 weeks to June 30, 2016, total Group sales were 400.9 million pounds (522.2 million dollars) compared with the 53 week period last year. Like-for-like sales grew by 4.1 percent over the same period. However, fashion category sales that includes adult fashion, fashion accessories and perfumery decreased by 3.9 percent over the same...

Report

Laura Ashley calls the administrators in for its Australian branch

British homewares, furnishing and fashion brand Laura Ashley has called in administrators to take care of Laura Ashley Australia. The company will continue trading for the time being. As reported by local media, Laura Ashley director Daryl Chait has appointed FTI Consulting to administer the ailing retailer. Store closures and difficult trading...