High street woes continue as listed retailer issues stark profit warning

Womenswear retailer Bonmarché has said it expects its full year profits to be reduced by £2.5m due a the downturn in store trading.

The Wakefield-based retailer said that despite its trading during Q1 being significantly better than in the final quarter of FY18, it was dropping its full year pre-tax profits expectations from £8m to £5.5m. Its online sales have improved but stores have been severely impacted.

Helen Connolly, chief executive, said: "These are undoubtedly challeng... 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...