Stu­dio Re­tail Group records lower prof­its

The Daily Telegraph - Business - - Business -

On­line re­tailer Stu­dio Re­tail Group saw its op­er­at­ing prof­its for the past year dip lower af­ter be­ing im­pacted by the pan­demic. Prof­its at the ed­u­ca­tion and gifts re­tailer fell by 52.7pc to £14.7m for the year to March 2020. It said this was largely due to a higher pan­demic-re­lated bad debt charge as it es­ti­mated the out­break will cost it around £20m.

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