Footasylum tumbles as it warns on earnings

Shares in Footasylum nosedived after the footwear and apparel retailer reported a rise in full-year earnings but warned that earnings for this year would be hit by increased investment in its stores and website on what was turning out to be a bad day for retailers, with department store chain Debenhams warning on profit. In the year to 24 February 2018, adjusted earnings before interest, taxes, depreciation and amortisation were up 12% to £12.5m, while adjusted pre-tax profit increased 4% to ...

Den vollständigen Artikel lesen ...