Fashion chain’s profits will be 22% below forecast due to behind sales of warm clothing as chief executive Beth Butterwick quits to join Karen MillenShares in Bonmarché enjoy dived nearly 30% after the women’s fashion retailer warned profits would be below expectations and announced the departure of its well regarded chief executive.
The company said profits would be up to 22% below expectations after gentle autumn weather triggered “very challenging” trading conditions. “The board’s view is that these trading conditions are likely to continue for the remainder of the winter season, it said as the retailer warned it was likely to deliver annual pre-tax profits of between £10.5m and £12m, rather than the £13.4m expected by analysts. Related: High street stores slash prices to tempt Christmas shoppers Continue reading...
Source: theguardian.com