Search

Ladies retailer Bonmarche sees profits nose-dive by 48% as Christmas approaches

Bonmarche. Front of shop on the Market Place in Great Yarmouth town centre. Picture: James Bass

Bonmarche. Front of shop on the Market Place in Great Yarmouth town centre. Picture: James Bass

Archant Norfolk © 2014

Profits at ladies clothing retailer Bonmarche have tanked by nearly a half in the first six months of 2018.

The store, which has four outlets across Norfolk including one on Norwich’s St Stephen’s Street, saw pre-tax profits fall 45% to £2.3m.

It also has shops in Great Yarmouth, Dereham, and King’s Lynn, as well in Lowestoft, Ipswich and Bury St Edmunds.

Despite this, revenue nudged up to £97.9m from £97.8m.

Online sales were up 28.9% but store like-for-like sales fell 4% amid what chief executive Helen Connolly said was “general weaker consumer sentiment and footfall seen across the market”.

She added: “Providing that sales during the key Black Friday through to Christmas trading period meet expectations, the board maintains the guidance published in September, being that the underlying profit before tax for the group for full-year 2019 will be £5.5m.”

In September, Bonmarche warned over profits, blaming weak consumer demand and hot summer weather for a decline in sales.

Other News

12 minutes ago

Parents at a Norfolk academy have described their anger after finding out that if their children had missed a day at school they would not be able to take part in a non-uniform day.

35 minutes ago

Motorists are being advised that they could face delays this weekend as police prepare to transport an abnormal load.

A bid to equip toilets in council offices in Great Yarmouth with free sanitary products has been knocked back by the borough’s Conservative group.

Ambitious proposals for a new ‘water-themed’ leisure facility on the Great Yarmouth seafront have been rubber stamped by councillors.

Most Read

Yesterday, 09:34

A 46-year-old shop assistant was racially abused by a customer in Great Yarmouth.

Read more

Plans for a former pub to be turned into a luxury tobacconist have been put under fire by a nearby health centre, with bosses arguing it would “give out entirely the wrong message”.

Read more
NHS
Mon, 18:00

School trips usually involve taking children to see one of Shakespeare’s great plays or visiting a historic museum.

Read more

Ambulances have been head butted, kicked, and had blue lights ripped off in shocking acts of vandalism on the emergency vehicles - sometimes while crews have been trying to treat patients.

Read more
NHS
Mon, 11:42

Would you like to play a major part in restoring one of Great Yarmouth’s most historic tourist attractions to its former glory?

Read more
Barry Coleman

Local Weather

Sunshine and Showers

Sunshine and Showers

max temp: 6°C

min temp: 2°C

Hot Jobs

Show Job Lists

Digital Edition

cover

Enjoy the Great
Yarmouth Mercury

e-edition today

Subscribe

Newsletter Sign Up

Great Yarmouth Mercury weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy