La Senza reports 3Q results

The Canadian lingerie retailer La Senza Corp reported a net loss of CAD 906,000 (GBP 435,200) for the third quarter ending 30 October. This result is down from CAD 1.2 million in the same period last year.

The group generated a net profit of CAD1.9 million, which does not include the effects of the weak US dollar and delayed deliveries. Sales increased by 4.6% from CAD80.6 million to CAD 84.3 million.

La Senza's Chairman and CEO, Irving Teitelbaum, told reporters that the third-quarter results had been influenced by the weak US dollar, the "overheating of the Chinese economy and its infrastructure caused delays in receipts of new merchandise in the third quarter." At the end of the third quarter, La Senza owned 296 stores.