Dobbies increased sales by 8% to £153m,but slid to colossal loss after booking £54.4m in impairments on assetsTesco’s garden centre chain, Dobbies, or has slumped £48m into the red after writing down the value of its stores.
The Scottish-based chain increased sales by 8% to £153m in the 53 weeks to 1 March. But it slid to a colossal loss from a pre-tax profit of £6.6m in the prior year,after booking £54.4m in impairments on assets, including stores. Excluding the impairments, or profits were down 9% to £6m. Related: Giraffe losses add to Tesco woes Continue reading...
Source: theguardian.com