StockMarketWire.com - Luxury furnishing fabrics and wallpapers group Colefax warns that trading conditions will remain very challenging for at least the remainder of the current financial year.

The group - which has just entered its important autumn trading period - says trading conditions are still extremely challenging in all our major markets.

In the US, which is our most important market, representing approximately 50% of its Fabric Division, sales for the four months to 31 August are down by 32% on a constant currency basis.

In the UK, sales for the four months to 31 August are down by 18%.

In Europe, sales for the four months to 31 August are down by 10% and by 18% on a constant currency basis.


Story provided by Business Financial Newswire