Bonmarché issues profit warning after slower high street sales

Women’s fashion retailer Bonmarché has warned on profit after reporting that second quarter sales in its stores had been below expectations.

In a first quarter trading update in July, the retailer had said sales had been much better than in the final quarter of the previous year, particularly with regard to in-store like-for-likes. At that stage, it said it was confident of delivering further profit growth for the full year.

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However, the company has now said that although second quarter online sales had performed well and in line with expectations, in-store sales had not maintained the same momentum as in the first quarter. The retailer attributed this to weaker footfall…