Where?s the floor16 Nov 2017 11:55
How this possible in the space of 6 weeks ???
They must have known the issue ??
In its interim results announcement on 4 October 2017, the Company stated that order intake was growing ahead of last year and on an improving trend in the run-up to the key autumn selling period. Since that announcement, momentum in order intake has not been sustained and Brand sales in the UK, excluding Clarke & Clarke, have weakened significantly against management's expectations.
The Company is more than half way through the key autumn selling period and, owing to the disappointing UK Brand sales and knock-on effect on manufacturing, the Board now expects that profits for the year ending 31 January 2018 are likely to be approximately 10 per cent lower than its expectations.