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Thorntons stays upbeat despite fall in sales

first_imgThorntons has seen total sales plummet 10.3% in its commercial division to £41.9m.Sales also fell in its retail division to £44.9m, down 2.4% in its second quarter trading figures for the 14 weeks up to and including 10 January 2015.Despite this, the chocolate business saw a 5% increase in like-for-like sales in the retail sector.Thorntons warned on its sales performance on 23 December, when it said it suffered challenges with a number of grocers, as well as short-term difficulties at its centralised warehouse.It saw a 7.8% increase in like-for-like sales during the Christmas period from 1-24 December.The high street chocolate business said there had been high demand for boxed chocolates, seasonal specialities and advent calendars this festive season.Jonathan Hart, chief executive, said: “Alongside very positive results from our retail division for the second year running, we were disappointed that the continued growth we anticipated in the UK commercial channel of our FMCG division had not been delivered. The challenges we experienced within specific grocers accounted for the majority of the share decline.”Good growth in many of our grocery, convenience and high street accounts and a strong performance from our retail division gives us confidence in shopper demand for our brand and products. We continue with our transformation towards an FMCG business and the investment in our people, systems and factory is ongoing. We have good plans for the spring season and the board remains confident in its multi-channel strategy and ongoing transformation.”Interim results for the company will be announced on Monday 2 March.last_img read more

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Arranmore tourism gets a €13,000 injection

first_imgFine Gael Councillor Terence Slowey has welcomed Leader funding investment of €13,500 to help support two tourism enterprises on Arranmore Island.The Leader Funding Programme is an opportunity for rural projects, small businesses and communities that need an injection of funds to develop and improve, said Councillor Slowey said.He said “On Arranmore the Siopa Caife na Cultúrlainne, run by Comharchumann Árainn Mhór, is being funded with €5,917 to help pay for equipment and Noirin Mhaoldomhnaigh was awarded €7,595 to upgrade the B&B – both projects will go a long way to helping the tourism offerings on the islands. “Tourism is hugely important to the island. I’ve heard the concerns about the condition of the Lighthouse Road and I’m confident a resolution to secure the necessary roadworks and maintenance will be confirmed in the coming days.”The funding for the Leader projects on Arranmore is being provided through the Department of Rural and Community Development under Minister Michael Ring.Joe McHugh, Government Chief Whip and Minister for the Irish language, Gaeltacht and the Islands, said the Leader Programme has grown exponentially in the last year.He added “We want to see this kind of momentum continue and with that in mind I’d like to thank Donegal County Council Executives and their teams who I’m told are flat out making applications for Government funding supports this summer. “This is a far cry from the lack of funds that were available to County Councils a few short years ago in the wake of the recession.”Arranmore tourism gets a €13,000 injection was last modified: August 3rd, 2018 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Arranmore IslandfundingLeader Projectlast_img read more

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