In the context of a tough Covid-19 related backdrop, Portmeirion has issued a pleasing H1 trading update. LFL sales in the period were -20%, a credible outcome we feel given the retail shutdown over the majority of Q2. We note LFL’s in June improved to -9% and if this positive trend is sustained, then management expectation of the company moving into profitability in H2 should materialise. Notably, online sales growth was 90%, with Q2 >100%. This is a very strong showing and supporti
