Operating profits for Dunnes Stores in the North and in England fell by almost 35 per cent in the last trading year, as the Irish retailer faced increased competition from low-cost rivals and declining consumer footfall.
Dunnes Stores (Bangor), which consists of 24 stores, recorded operating profits of stg£17.3 million (€20.9 million) for the year to the end of January 2008, down 34 per cent on the previous year.
The fall in profits came despite the company’s turnover...
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