DAVID STODDART| FINNCAP
The international operations continue to grow but the UK business continues to struggle in the face of depressed consumer demand. The latter appears to retain the capacity to dominate the results.
JOHN STEVENSON| PEEL HUNT
Today’s interim management statement does represent further evidence of UK consumer weakness, but it is more a function of the Early Learning Centre’s position in a highly competitive toy market.
RAMONA TIPNIS| SHORE CAPITAL
Direct in Home has softened with sales growth of three per cent, indicating that even online sales are seeing the impact of weaker consumer spending which is reflected in lower footfall numbers in the stores.