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Hamleys - Like-for-like sales up 10%

September 2002

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Hamleys has released trading data for the first 17 weeks of its financial year to 20 July. If anything this has added to our belief that this is an excellent recovery story in the making. Like-for-like sales rose 10% in both the Regent Street store and the Hamleys brand as a whole, although there were no figures for The Bear Factory as only a small number of its stores were open for more than a year. The group confirmed that this year's store openingprogram remains on schedule, while its first franchise store hasopened in Ireland on 8 August. Interim results are due inNovember, but as always, Hamleys' most important trading period willbe Christmas, (which is 15% annual sales). Like-for-like sa ...

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Hamleys - Like-for-like sales up 10%

September 2002

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