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Thursday March 26th 2009
Moss Bros sees red
Archived article dated Thursday March 26th 2009
Moss Bros has revealed a pre-tax loss before exceptional items of £5m for the 53 weeks ended 31 January 2009, which was in line with expectations.
Group like for like sales fell 3.2 per cent , (2.8 per cent excluding vat.) On current trading like for like sales in the first six weeks of the current year are behind 9.4 per cent (7.4 per cent excluding Vat), impacted by the major effects of snow in the opening two weeks; since then like for like sales are behind 5.7% (3.6% excluding Vat); total sales gross margin in the first six weeks increased 2.3% points leaving sales gross profit behind 1.1%
"Despite the trading loss before tax, the group finds itself in a better position than many retailers," the company said in a statement. Tagged as: moss bros
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