Marshalls takes its medicine as restructuring costs bite
For the year to 31 December 2012, revenue was down 7% on continuing operations to £309.7m (2011: £334.1m). The autumn in sales was attributed to the record rainfall. Pre-tax profit before restructuring costs and asset impairments was down 24% to £10.4m (2011: £13.7m). Factor within the £21.5m charge and Marshalls saw a pre-tax lack of …