×
92 814
Fashion Jobs
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Salisbury
GAP
Asset Protection Service Representative - Gloucester Premium
Permanent · Gloucester Township
GAP
Asset Protection Service Representative - Atlantic City Tanger
Permanent · Atlantic City
NIKE
Materials Costing Manager
Permanent · Beaverton
CONVERSE
Retail Operations Manager
Permanent · Boston
NIKE
Art Director
Permanent · Beaverton
NIKE
Digital Loss Prevention Data Analyst - North America Nike Direct Digital Commerce (Remote Option*)
Permanent · Beaverton
NIKE
Director, Technical Product Management – Tech Ops Resilience (Remote Option*)
Permanent · Beaverton
NIKE
Director, Technical Product Management – Enterprise Service Management HR Service Delivery
Permanent · Beaverton
NIKE
Content Manager
Permanent · Los Angeles
CONVERSE
Senior Financial Analyst, Global Business Planning
Permanent · Boston
NIKE
Tech Finance Analyst
Permanent · Beaverton
NIKE
Nike Security Manager – Foothill Ranch
Permanent · Lake Forest
NIKE
Nike Security Manager – Los Angeles
Permanent · Los Angeles
NIKE
Lead Technical Product Manager, Privacy (Remote Option*)
Permanent · Beaverton
NIKE
Finance Data Product Owner
Permanent · Beaverton
NIKE
Senior Technical Product Manager (Remote Option*)
Permanent · Beaverton
NIKE
Global Store Operations Manager
Permanent · Beaverton
NIKE
First Mile Transportation Business Process Manager
Permanent · Beaverton
NIKE
Senior Technical Project Manager – Air mi
Permanent · Beaverton
NIKE
Territory Loss Prevention Director
Permanent · Dallas
NIKE
Director, Technical Product Management – Innovation (Remote Option*)
Permanent · Atlanta
By
Reuters
Published
Jul 15, 2009
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Blacks Leisure says sales still falling

By
Reuters
Published
Jul 15, 2009

LONDON, July 15 (Reuters) - British outdoor goods retailer Blacks Leisure Group Plc (BSLA.L) on Wednesday 15 July posted a further fall in sales in its latest trading period but said it was confident of securing new funds from its lender.


Blacks Leisure Group Plc

The firm said sales at stores open more than a year fell 1.8 percent in the 19 weeks to July 11.

Within this like-for-like sales in the outdoor division, comprising Blacks and Millets, fell 1.6 percent, while like-for-like sales in the loss-making boardwear (surfwear) division, comprising Freespirit and O'Neill, fell 3.2 percent.

This outcome compares with a group like-for-like sales fall of 0.5 percent in the 12 weeks to May 23.

In May Blacks secured a three-month standstill deal with lender Lloyds Banking Group Plc (LLOY.L), which extended its 35 million pounds ($56.94 million) banking facility to the end of August.

The firm is seeking a longer term facility that will enable it to develop its outdoor business and exit boardwear by converting the stores.

It said on Wednesday 15 July it was in an "advanced stage of negotiation" with Lloyds concerning the renewal of its existing working capital facility and was confident the process will be completed "rapidly".

Shares in Blacks, which have lost over half their value over the last year, closed Tuesday 14 July at 49.5 pence, valuing the business at 21.1 million pounds.

(Reporting by James Davey, editing by Rhys Jones)

© Thomson Reuters 2022 All rights reserved.

Tags :
Retail