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Bonmarche expects bigger FY loss after third-quarter sales disappoint

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(Reuters) – Women’s fashion chain Bonmarche Holdings Plc warned of a bigger full-year loss on Tuesday, after its third-quarter sales fell short of expectations as the company discounted heavily to clear unsold autumn-winter clothes.

The company, which warned in December that it could report losses this year, now expects underlying pretax loss for the year to come in between 5 million pounds ($6.63 million) and 6 million pounds. It had previously expected its results to range from break even to a loss of 4 million pounds.

(Reporting by Pushkala Aripaka in Bengaluru; Editing by Saumyadeb Chakrabarty)

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