Trading Update
Two months to 28 February 2014 highlights
· Retail sales +26% year on year (UK +21%, International +29%)
· International retail sales 65% of total (63% last year)
· Retail gross margin down c.30bps on prior year
Six months to 28 February 2014 highlights
· Retail sales +34% year on year (UK +32%, International +35%)
· International retail sales 61% of total (61% last year)
· Retail gross margin up c.60bps on prior year
· 8.2 million active customers* at 28 February 2014 (+36% year on year)
· Strong balance sheet and cash position
*Defined as having shopped in the last 12 months