Value-oriented clothing retailer Best & Less, which operates 245 stores and an online business, says profits and sales were weaker than expected in the December half, sending its shares lower.
The company said foot traffic and demand were “weaker than anticipated” and that net profit after tax had slipped 31.8 per cent to $13.7 million for the six months ended January 1.
Loading...
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
