Thorntons' sales decline continues as more jobs are cut

Thorntons Thorntons warned in April that trading was going to be tough

Related Stories

Chocolate retailer Thorntons said a decline in sales had deepened as it announced cuts in head office jobs.

Like-for-like sales in its 377 stores fell 6.2% in the 10 weeks to 26 June, down from a 4.6% fall in the previous quarter.

The summer weeks are traditionally Thorntons' weakest, but the company cut prices more sharply to reduce stocks.

In a cost-cutting move, Thorntons said about 35 jobs would go at its head office over the next three months.

The company, based in Alfreton, Derbyshire, issued a profits warning in April and announced that chief executive Mike Davies would be replaced with a successor with "specific retail expertise".

Thorntons' statement on Wednesday said that the company was trading "in line with expectations".

There were some brighter spots, especially in the Thorntons Direct online business, where sales grew 17.1% to £0.9m, thanks to a recovery in sales to corporate customers.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories



  • FridgeCool customer

    The village that has just got its first fridge

  • Lincoln Perkins (in the middle of the image) carried Churchill's coffin with seven other menNear miss

    How pallbearers almost dropped Churchill's coffin

  • Josef Mengele in SS uniformThe twins of Auschwitz

    How a Nazi doctor experimented on identical siblings

  • Alok'Red market'

    The desperate patients in India turning to illegal blood donors

  • Bank House, 27 King Street, LeedsIn pictures

    Some of the striking buildings new to the National Heritage List

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.