Clothing retailer Bonmarché has announced that profit before tax and exceptional items fell 63% year-on-year to £2 million in the 26 weeks ended September 24th. In a statement accompanying its half year results, the company blamed poor weather and the BHS collapse on its misfortunes.
Helen Connolly, chief executive of Bonmarché, commented: "I believe that Bonmarché has significant potential to grow as a retailer serving the 50 plus women's value clothing market, a belief that has strengthened with my continued exposure to the business. Work has already begun, to modernise and simplify our operations and improve basic disciplines - key foundations for the more strategic priorities of developing the customer proposition and improving customer journeys.
“I have been encouraged by the enthusiasm and commitment of the Bonmarché team, and remain confident that despite the difficult trading conditions, the business will resume growth during FY18." Bonmarché is one of the UK's largest women's value retailers, focused on selling stylish, affordable, quality clothing and accessories in a wide range of sizes, via its own store portfolio and online. Established in 1982, Bonmarché has more than 30 years of experience in this growing market segment, operating across the UK.
