OrotonGroup Limited (ASX:ORL) says it has experienced an encouraging start to the new financial year, but has not provided earnings guidance ahead of the Christmas trading period.
Speaking at the retailer’s annual meeting yesterday, CEO Sally Macdonald, advised the first 17 weeks of fiscal 2012 have experienced strong positive like-for-like sales growth.
Ms Macdonald also revealed Oroton is considering closing some stores on lease expiry and expanding some stores in strategic locations.
Oroton says it’s committed to growing its online presence and has confirmed its strategy to expand into Asia.
In the 2011 financial year OrotonGroup posted a net profit of $24.789 million.
