Pittards profit declines as costs rise

Leather goods retailer Pittards reported a drop in full year profit, after it was hit by a spike in hide and skin prices, but it remains confident its core strategy will lead to improved performance in the near future.

Leather goods retailer Pittards reported a drop in full year profit, after it was hit by a spike in hide and skin prices, but it remains confident its core strategy will lead to improved performance in the near future.

Pre-tax profit, before restructuring costs, fell to £0.3m for the year ended December 31st 2012 from £2.8m the year before.

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