9 Nov 2008

Profit down at retailer

12:50 pm on 9 November 2008

Upmarket Wellington retailer Kirkcaldie & Stains has seen profits fall 21% to $1.3 million in the year to the end of August.

Sales fell 1% to $44.5 million due to higher markdowns and increased selling costs.

The company declared a dividend of 3 cents per share.