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Business Franchise Online Sale. Franchise License Agreement. Business Franchise Online Sale
Thorntons sales take an expected downturn Thorntons has announced that fourth quarter trading was in line with expectations. Total sales for the eight weeks to 25th June were down ?1.9 million to ?20.6 million. Commercial sales grew 0.4 percent to ?5.9 million, with more than 95 percent of these sales being Thorntons branded products. Own store sales fell 11.9 percent to ?12.8 million with a like-for-like (LFL) sales decline of 10.6 percent. Franchise sales also decreased 19 percent to ?1.1 milion during the period. However, Thorntons Direct sales increased 10.7 percent to ?0.8 million with growth in online sales. Jonathan Hart, Thorntons' Chief Executive, said of the results: "We see the weakness in High Street footfall and spending continuing in the new financial year. As a business we are now focusing on the implementation of our transformation plan. Thorntons is a strong brand with excellent potential and I am confident that this strategy of rebalancing the business across all channels will deliver results." See also: is hooters a franchise green products franchise halo franchise total sales kiosk franchises restaurant franchise to delivery service franchise world of franchising franchise model of business |