British retailer Blacks Leisure Group Plc reported comp sales declined 5.4% for the 19 week period ended July 12, but said its cost-cutting initiatives remained on track.
For the 19 week period, the company said its same-store sales declined 2.2% in its outdoor business and 15.5% in its surf, or boardwear, business.
The company said it had cut costs by £2.4 million during the period, making considerable progress toward its goal of £3 million for the year. Inventory declined by 12.4%.
Same-store sales for July were running 6.1% ahead of the same time a year ago thanks to the resumption of warmer weather and the camping season.
The company is scheduled to release a financial report Saturday in conjunction with its annual shareholder meeting.
Black Leisure also owns the Mambo surf brand and exclusive rights to distribute the ONeill surf brand in the UK.