Trading Update For the 21 weeks ended 30 May 2010 15th June 2010
Further to the trading update provided on 23 March 2010 at the preliminary results announcement, Ideal Shopping Direct today announces strong trading for the 21 weeks ending 30 May 2010.
Ideal Shopping Direct Plc -Annual Report and Accounts 2009 17th May 2010
Ideal Shopping Direct Plc is a leading multi-channel
retailer, selling products to consumers via its
television shopping channels and the internet.
Notice of Preliminary Results 25th Febuary 2010
Ideal Shopping Direct, a leading operator of TV and internet
shopping channels, will announce its preliminary results, for
the 53 weeks to 3 January 2010, on Tuesday 23 March 2010.
New Freeview airtime for Create and Craft
24th June 2009
Ideal Shopping Direct Plc announces that it has agreed to take an additional daily five hour slot each
morning, from 8 am to 1pm on Freeview channel 36 to broadcast live Create and Craft content. This is
expected to commence in July and is a significant opportunity. Given that this is a new venture
the Company will incur additional production and associated costs in the order of £0.5m in the second half
of 2009 against an anticipated increase in Create and Craft sales.
Non-Executive Board Appointment
23rd June 2009
Ideal Shopping Direct, a leading operator of TV and internet shopping channels, is pleased to announce the appointment of Graham Cole as an independent non-executive director to the plc Board with effect from 1st July 2009.
Result of the Annual General Meeting
10th June 2009
The Board of Ideal Shopping Direct Plc is pleased to announce that
at the Annual General Meeting held on Wednesday 10 June 2009, all
resolutions were passed on a vote by poll.
AGM Statement
10th June 2009At its Annual General Meeting today, Paul Wright,
Chairman, will give the following update on the trading
performance of Ideal Shopping Direct (the 'Company') for the
first 21 week period ended 24 May 2009:
"As reported in our preliminary results announcement on 16
April 2009, sales have continued to perform slightly ahead of
our expectations, up around 2.0% over the comparable period
in 2008. The gross margins, that have remained stable during
the period to date, are improving and we believe that we can
return them to historic levels in the foreseeable future. Stock
control initiatives introduced at the beginning of the year are
being maintained without any negative knock-on effects to the
business."
Paul Wright, Chairman, commented: "2008/2009 has seen significant change within Ideal, and a complete restructuring of the Board and Senior
Management team. The business has quickly stabilised, with strong and experienced managers joining the
Company. We have a real depth of home shopping knowledge and despite previous management problems, we
remain a business that is strategically well placed to take advantage of market trends toward a genuine multichannel
business in TV shopping and e-commerce. Following a re-evaluation of strategy and direction by the
new management team, initiatives are now in place to restore the business to growth and profitability."
Ideal Shopping Direct PLC announces that Pamela Aujla has resigned as Commercial Director with immediate effect to pursue other business interests. The Company have no plans for a replacement.
Trading Update23th March 2009
As stated in the trading update of 10 December 2008, the new management and the Company's auditors have been conducting a full balance sheet review in advance of the announcement of the preliminary results for the 52 weeks ended 28 December 2008.
Ideal Shopping Direct, a leading operator of TV and internet
shopping channels, will announce its preliminary results on 16
April 2009, three weeks later than the date originally set, to
enable an update on first quarter trading to also be given.
Ideal Shopping Direct PLC announces that further to the Company's announcement on 13 January 2009 stating that it had received a requisition notice requesting that the Company convene a general meeting to effect certain changes to the board of the Company ("the Board"), the Board has reached an agreement with the party that requisitioned the meeting in relation to a revised Board structure, and, as a result, the requisition notice has been withdrawn
Ideal Shopping Direct PLC announces that on 15 January 2009, Mike Hancox, Chief Executive Officer of the Company was granted options over ordinary shares of 3p each in the Company under the Company's Unapproved Share Option Scheme 2000, as detailed below.
Further to the trading update of 10 December 2008, like for like sales for the remaining three week period were slightly ahead of the Board's expectations. Full year sales were 3% lower than in 2007. Gross margins and overheads remained in line with the Board's revised expectations, as indicated in the December trading update.
