Garden centre clothing concession has poor autumn sales

Hot weather has hit sales at over 50s women's retailer Bonmarche.

Bonmarche has issued a profit warning after reporting "extremely poor" sales of its autumn range in September because of the recent hot weather, which has seen Sptember temperatures three degrees centigrade above average.

Helen Connolly replaced chief executive Beth Butterwick this summer.

Bonmarche said: "It is appropriate to lower the profit expectation for the second half of the year.

"The board's view is the company's full year profit before tax is likely to fall within a range between £5m & £7m."

Bonmarche also experienced difficult trading conditions in July and August.

It added: "We approach the beginning of the second half of the year facing considerable uncertainty as to market conditions.

"The hot September has prevented us from gaining a representative measure of the strength of the autumn ranges and our perception is that the clothing market generally has become more challenging.

"The board's view is that in the light of September's result, and its generally less optimistic view of market conditions, it is appropriate to lower the profit expectation for the second half of the year."

However, the company reported that its financial position "remains strong" and it expects to end the half year with a net cash balance of around £9m.

Bonmarche, established in 1982, describes itself as "one of the UK's largest women's value retailers" and has 312 stores around the UK, including a presence in garden centres such as Wyevale and Tong.


Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Read These Next

What new vegetables will gardeners be growing in 2018?

What new vegetables will gardeners be growing in 2018?

Next year is Fleuroselect year of the chilli pepper and Thompson & Morgan and Mr Fothergill's have ranges around the hot vegetable, with a new way of promoting sales.

Garden centre building: what's going up?

Garden centre building: what's going up?

After a lull in new builds, 2018 could see a slight resurgence in garden centres being erected.

Retail seed: crowded market for 2018

Retail seed: crowded market for 2018

Thompson & Morgan is refocusing on the garden centre seed market, hoping to win back business from Mr Fothergill's, which has expanded during T&M's long sale process.


Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +
Horticulture Jobs
More Horticulture Jobs

Horticulture Week Top 100 GARDEN CENTRES

Our exclusive ranking of garden centre performance by annual turnover. 

Garden Centre Prices

Peter Seabrook

Inspiration and insight from travels around the horticultural world
 

Read more Peter Seabrook articles

Neville Stein

Business advice from Neville Stein, MD of business consultancy Ovation
 

Read latest articles