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FOOTWEAR retailer Footasylum has suffered a 50% nosedive in its shares after warning there is “no sign of recovery” on the high street.

The Brit fashion chain’s share prices plummeted from 84p last Friday to a devastating 40p this morning.

It was the second major crash in the recently-floated company’s shares in just three months, after it crashed from 168p to 80p in June.

This morning’s plummet comes after Footasylum sounded alarm bells over its full-year profits and sales.

The retailer, set up by the founders of JD Sports, warned its revenue growth and earnings will be “significantly lower than previous guidance”.

 

 

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