Turnover is flat at its catalogue operation Kleeneze Europe, despite the year-on-year growth of the Christmas catalogue.
Sales of the main book have not picked up since disappointing interim results were announced last December. The main catalogue represents 60 per cent of the company's turnover.
The internet arm of the business continues to grow. Year-on-year like-for-like turnover is up 50 per cent. European Home Retail intends to drive this growth through increased marketing expenditure.
The board said it 'remains committed to the strategy of building a multi-channel retail group across catalogues, the internet and television shopping'.
The company intends to focus on reducing costs. Kleeneze Europe's launch in Germany is scheduled for May.
No comments yet