The owner of Hotter Shoes has warned it expects to post operating losses of up to £1m for its current financial year despite an encouraging start.
Unbound Group said it anticipates it will report an operating loss because of the "challenging short term economic outlook" and non-recurring costs of £700,000 in the six months to the end of July.
In a statement issued to the London Stock Exchange, the group added that it has seen " tougher trading conditions in recent weeks" while the short-term outlook is "very challenging to predict, given the volatility of the economic backdrop and resultant impact on consumer confidence"
