Blacks issues profit warning

Millets disappoints with a like for like sales decline of 5.6%

Total Group retail sales have risen by 2.7% in the 25 weeks to 19 August. Like for like retail sales declined by 0.4% in the same period (2005: -4.4%).
The company expects the half year result to be broadly at break-even level and expectations for the second half are for profits to be broadly in line with the second half last year.

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