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Evening Standard

Business

Henry Saker-Clark

Pets at Home profits slide amid price cuts

Pets at Home James Bailey

Pets at Home said it saw weaker profit margins in its retail division during the year, partly linked to investment in pricing (Alamy/PA) -

Pets at Home has revealed a slump in profits for the past year caused by weaker retail sales and price cuts.

But the new boss of the group said it has made “material progress” in the retail arm’s turnaround plan over the past six months.

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