Bonmarché reports profit fall

In the 53 weeks to 1 April 2017, pre-tax profit declined by 39.4% to £5.8 million which was in line with expectations. Underlying pre-tax profit fell by 40.6% to £6.3 million.

Total sales decreased by 0.5% to £228.1 million compared to the corresponding period in the previous year with like-for-like store sales falling by 4.3%. Online sales grew by 2.2%.

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Helen Connolly, chief executive of Bonmarché, said: “A combination of internal and external factors over the past year prevented us from improving at the rate we had aimed for. However, we believe that the business is now well positioned, with a compelling proposition and…