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Moss Bros stocks drop 30% amid second profit warning this year

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Men’s suits retailer Moss Bros has cautioned that its full year profits would come below expectations for the full year, in the retailer’s second profit warning this year. It warned that profits for the year to January 26 2019 would now be “materially lower” than previously reported, sending share values plummeting nearly 30 per cent. It attributed to dire predictions to a continuing decline in footfall, alongside stock shortages across its stores

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Moss Bros stocks drop 30% amid second profit warning this year

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