Ranging and deliveries blamed
Kookaï parent Forminster Group suffered spiralling losses in the 52 weeks to February 26. The retailer's losses before tax shot up from£549,000 last year to£770,000. Turnover fell marginally, from£33.8 million last year to£33.5 million this year.

Poor ranging and deliveries were blamed for the results. Forminster said its sourcing problems in January and February had to some extent cancelled out gains made in Christmas trading. Chairman Philip Carter said: 'We have used this difficult situation to build an in-house sourcing team and a list of key suppliers. We are pleased with the performance of much of the stock sourced.'