9 Aug 2010

Kirkcaldie and Stains issues profit warning

7:54 am on 9 August 2010

Listed retailer Kirkcaldie & Stains has issued a profit warning.

The Wellington-based company is forecasting its full year profit will fall 15% to $1.3 million because of lower sales and unplanned markdowns on its inventory.

The retailer says its balance sheet remains strong, with shareholder funds of more than $20 million.