Instore to delist from main market
3 November 2009 | by The Retail BulletinThe company stated that it was “no longer in shareholders&rsqu o; best interests to maintain its listing". The decision follows the release of its interim results that revealed the business had suffered a loss of £3.7 million for the 26-week period to 29 August 2009. The increased competition in the discount retail sector caused by the recession has created an “extremely difficult” trading environment, according to the company, which added that it had found an “ever increasing pressure on margins”.
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