LONDON (Alliance News) - Bonmarche Holdings PLC on Thursday reported a fall in sales in the first quarter of its financial year due to a difficult period hit by poor weather, but said its full-year expectations remain unchanged.
The women's value clothing retailer said total sales in the quarter ended June 25 fell by 3.6% year-on-year, as store like-for-likes declined by 8.1%.
Bonmarche said trading in the quarter was difficult due to continued poor weather, but said its expectation for the full year remains unchanged on the assumption that trading conditions normalise through the autumn season.
"We continue to focus on creating a more modern experience for our customers through the execution of our five strategic pillars for growth: brand development and customer acquisition, product development, channels to market, systems and processes, and people and culture," Chief Executive Beth Butterwick said in a statement.
Shares in Bonmarche were trading down 6.8% at 108.55 pence on Thursday morning.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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