Profits drop at beleaguered Bonmarché
Profits have dropped at women's high street retailer Bonmarché as plans to modernise fall flat.
Revenue grew 1.1% to £190m at the Wakefield-based company, with online sales up 2.2% for the 53 weeks ended 1 April 2017.
Store like-for-like sales however were down 4.3% and pre-tax profits dipped nearly 40% to £5.8m, with Bonmarché blaming unseasonal weather, inflation and the Brexit referendum for its poor performance.
Despite this, chairman John Coleman was optimistic about the future. He said that although they expect... For the full story register now for free or login below...