Fashion retailer Monsoon has announced a 5% rise in like-for-like sales over the key Christmas trading period.
Monsoon is in talks over a management buy-out
However, the firm said this was because it entered its winter sale with significantly more stock than planned due to "difficult" trading conditions.
The company also announced an 8% rise in pre-tax pre-exceptional profit to £30.1m ($53.2m) at the half-way stage.
Monsoon said it was still in talks over chairman and majority shareholder Peter Simon taking the business private.
"We experienced a decline in like-for-like sales until Christmas," said chairman Peter Simon.
"Since then like-for-like sales have been positive but these have been based on significantly higher than planned stock levels as we entered the winter sale."