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The Officers Club cuts its losses and refocuses

The Officers Club posted losses of £1.05 million for the year to August 31 2006, compared with a loss of £4.86m the previous year. Group sales fell 13.8% to £57.6m, from £66.9m. The 70-store chain aims to move away from its discount stance following competition from value retailers, and said there was potential to grow its online sales.