- Annual revenue down 10% from last 6 months of 2012
- Annual profit down 30% from last 6 months of 2012
And then there's the share price… since the above results and the LSE opening this morning, from sitting at mostly above 700 for a long time..."During the first half, the rapid transition from multi-man stores to one-man stores and the reduction of trading hours across the Group caused disruption in our retail chain. We also experienced some decline in sales through independent stockists."We view these as short-term issues and expect to see growth return in both channels. We continue with our store opening programme (27 stores opened, 20 closed in the period) secure in the knowledge that our one man model allows us to ensure new openings are profitable. In the future we expect to benefit from the more focussed selling operation across all channels against the background of a materially lower cost base."