Pets at Home has said ‘urgent and necessary’ measures are needed to turn around the firm’s retail arm (Mike Egerton/PA) (Image: PA Archive/PA Images)
Pets at Home has warned "urgent and necessary" actions are needed to revive the company's retail arm, as it revealed that half-year profits have fallen by more than a third. Ian Burke, who stepped in as interim executive chairman following the sudden departure of chief executive Lyssa McGowan in September, stated that the group was "returning to our retailing roots" in an effort to boost the chain's fortunes.
The retail arm of Pets at Home saw underlying profits plunge by 84.1% to £3.5m in the six months leading up to October 9, which counterbalanced a resilient performance from the vet business and resulted in overall group profits

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