Fenwick losses widen amid ‘most difficult trading conditions in living memory’

Fenwick

Fenwick has suffered widening full-year losses after enforced store closures drove a slump in sales during the coronavirus pandemic.

The department store retailer posted a pre-tax loss of £111.9m in the year to January 29 compared with £47.3m in 2020.

On an operating basis, before exceptional items and changes in the value of its properties, Fenwick’s losses almost quadrupled to £44.9m from £11.8m a year ago.

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