High St crash ONSLAUGHT: B&Q and Moss Bros become latest victims

TWO more major UK High Street names have fallen victim to the onslaught of collapsing retailers.

DIY chain B&Q and menswear firm Moss Bros have revealed plummeting numbers amid the domino-effect crash.

B&Q’s owner Kingfisher saw shares plunge 10.7% by close of trading after warning the UK outlook was “uncertain”.

It had reported a decline in demand at the chain for big ticket items such as kitchens, which sparked a flurry of traders clicking the “sell” button.

Moss Bros was punished even more by investors when it made a profit...
source: Daily Star

2018-03-21 22:17
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