Bonmarché shares drop 28%
Shares in womenswear retailer Bonmarché fell 28% to 91p a share in early trading after the company reported a 5.5% fall in sales over the Christmas period.
The Wakefield-based retailer reported “disappointing” store like-for-like sales growth in the run up to Christmas but saw online sales soar, which it said reflects its strategic focus in this area.
In a trading update for the 13 and 39 week periods to December 30, Bonmarché confirmed that profit expectation for the year remains unchanged.
Sales for the 13 weeks to t... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
