CORRECTED - BRIEF-Victoria Q1 sales down 14 pct

(Corrects sales decline in headline to 14 pct from 4 pct)

LONDON, July 30 (Reuters) - Victoria PLC (VCP.L): * First quarter saw further weakening of trade in the UK * And a significant further downturn in the Irish market * Group's revenues for the first quarter were down by 13.8% * Q1 gross margins declined from 28.4% to 25.3% * Results are broadly in-line with management expectations and market forecasts