Beales has warned that profits will fail to meet expectations for the year.

Beales warns of disappointing profits

Beales has warned that profits will fail to meet expectations for the year.
The 12-outlet department store group said that it continued to find the retail environment challenging. “We shall therefore fall short of current market expectations for the financial year ending November 3 2007.”

One retail pundit is forecasting a £1m loss at the retailer.

The company has seen margins come under further pressure and has suffered “significant disruption” in its flagship Bournemouth and Poole stores as they were refurbished.

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