Instore, the discount retailer, has blamed increasing costs at its distribution warehouse for its second profit warning within a month. The owner of the Poundstretcher chain said it had “seen a significant shortfall in sales against internal expectations” in the past four weeks, indicating that the full year profit to 25th February, would be substantially below market expectations.”
Distribution costs hit discount retailer
Instore, the discount retailer, has blamed increasing costs at its distribution warehouse for its second profit warning within a month. The owner of the Poundstretcher chain said it had "seen a significant shortfall in sales against internal expectations"
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