The second profit downgrade in three months by RCG Corporation means the once fast growing footwear retailer is now a member of a less than salubrious club.
It is one of eight companies to have released two profit downgrades for the fiscal 2017 year.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com