Arcadia's profit falls

Note: This section contains information in English only.
Source: BBC
© Scanpix/AP

Arcadia, owner of Top Shop and BhS, announced a 38% profit fall and plans to reduce costs by closing down 260 shops in the next years.  The total sales worldwide in 3,100 shops decreased by 4.4% from the beginning of the financial year. The company decided to cut its profit margin by 1.8% that would cost company ВЈ52.4m.

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