GENERAL MERCHANDISE NEWS
Shares in Stylo suspended
26 January, 2009 | by Retail Bulletin
Stylo has requested that trading in its shares on AIM be suspended pending clarification of its options.
The company trades from 168 high-street Barratts stores and 30 concessions within Bay Trading, as well as its chain of more than 200 PriceLess stores.A trading update released by the firm on Friday warned that given the difficult economic environment that had affected the retail sector “margins continue to be impacted and the outlook for the company remains challenging”.
A company statement said “The company continues to manage stock levels and costs tightly. The board is continuing to explore strategic options for the business.”
