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Tuesday 15 September, 2009

Adili PLC

Shop Openings

RNS Number : 0244Z
Adili PLC
15 September 2009
 

AIMADIL                                                                                                          15 September 2009


Adili plc

('Adili' or 'the Company')


Store openings


Adili plc announces the planned opening of two retail stores in late October under the Ascension fascia, one in St Christopher's Place, London W1, as a brand 'flagship', and one in DorchesterDorset, substantially as a clearance store.

 

Adam Smith, CEO, commented:

 

'The opening of these stores position Ascension strongly in the fashion sector and are important assets to our brand, as well as being a significant source of sales growth and contribution to profit in their own right.

 

'Whilst this development represents a shift in our channel strategy to a multi-channel fashion retailer, the focus on direct sales with the attendant operational gearing benefits to the company remains paramount.

 

'I look forward to seeing the significant progress in our own label offer being 'showcased' in our stores as well as on our website.'

 


Enquiries:

 

Adili plc
Adam Smith, Chief Executive Officer
Mark Swire, Finance Director
T: 01258 837 437
 
 
 
Seymour Pierce
Nicola Marrin
Catherine Leftley
T: 020 7107 8000
 
 
 


 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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