Trading getting worse, says Thorntons
The chief executive of Thorntons, the chocolatier, has said trading conditions on the high street are worse than they were a year ago.
Jonathan Hart made his comments yesterday as the confectionery retailer posted an annual loss of £2.2m and ditched its dividend.
Thorntons cited lower footfall and weak demand among UK consumers for a fall of 3.8 per cent in like-for-like sales at its non-franchise stores over the full year. However, Easter was strong and underlying sales rose 0.7 per cent in the fourth quarter.
Mr Hart said: "Our view is that the retail market, sentiment and footfall are weaker than they were a year ago."
Total revenues were flat at £217.1m. But commercial sales to big supermarket chains jumped by 7.9 per cent to £85m.
The party's potential nominations read like a high school race for student body president
- 2 The awkward moment Sarah Palin raised $25,000 for Hillary Clinton's election campaign
- 3 Ball pool for adults opens in London
- 4 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
- 5 Baldness could soon be treated using stem cells, scientists hope
Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
Mia Khalifa: Pornhub star claims Drake sent her 'cringeworthy' naked photos on Instagram
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
The awkward moment Sarah Palin raised $25,000 for Hillary Clinton's election campaign
Ball pool for adults opens in London
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...
£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...
Competitive salary & benefits!: MBDA UK Ltd: MBDA UK LTD Indirect Procurement...