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Laura Ashley Doubles Profit

“Laura Ashley’s global result for the year to the end of January 2007 showed a doubling of profit compared to the previous year. Laura Ashley’s global sales were made up 82% from furniture and home decor, soft furnishings and accessories, with apparel making up just 18%. Although fashion sales increased 26% as the group recovered lower sales the previous year. The company reported a growing level of mail order and internet sales with 12% of UK retail sales coming from those sources. Laura Ashley has 197 franchised stores in 28 countries including 28 stores in Australia. However, it said franchise sales decreased by 14% with falling sales fell in the Far East and closure of their Middle East operations.”

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