RNB Retail and Brands profit warning

RNB Retail and Brands (STO: RNBS), which is another player in fashion and clothing segment and also involved in accessories, jewelry and cosmetics, had been guiding profit improvement for the entire fiscal year. A short release last week said merely that third quarter of 2010/2011 will show a sharp decrease in profits, which will make reaching such guidance impossible. The company is due to report earnings on Thursday.