The company said today that the results had been adversely affected by a stock valuation error earlier this year. The error led to TJ Hughes restating its results, the resignation of finance director Tony Potter and the company fending off a hostile takeover bid.
But today the retailer said it was coming back on track with like-for-like sales up 3.5% in the first six weeks of the second half.
‘Although this is a difficult year for T J Hughes we are confident that our value for money retail formula is robust and well positioned to succeed in what may prove an uncertain economy,’ said chief executive George Foster in a statement.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel