CLOTHING and home furnishings retailer Laura Ashley yesterday signalled the start of a turnaround after new products and better stock levels helped sales.
The group said profits for the year would now beat market forecasts, despite a challenging UK retail environment.
Shares in the group rose 11 per cent yesterday to hit their highest level in 18 months.
Total like-for-like sales were down by 6.7 per cent for the year ending January 28, but this compared with a 11.8 per cent drop for the six months to the end of July.
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