THE RETAIL BULLETIN - The home of retail news
HOME
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
RETAIL INSIGHTS
RETAIL SOLUTIONS
• Omnichannel Futures Conference 2020
• Future of Retail Marketing 2020
• The HR Summit 2020
• AI in Retail Conference 2019
ABOUT
CONTACT
SUBSCRIBE FOR FREE
Moss Bros makes good second half progress

Men’s formalwear retailer Moss has posted a 6.1% increase in like-for-like sales in the first 23 weeks of its second half. Total sales for the 23… View Article

FASHION

Moss Bros makes good second half progress

Men’s formalwear retailer Moss has posted a 6.1% increase in like-for-like sales in the first 23 weeks of its second half.

Total sales for the 23 weeks to 7 January were 7.6% ahead of last year.

Retail sales were up 6.8% on a like-for-like basis as the company benefited from improved ‘back-end’ systems online which enabled it to drive top line sales. Ecommerce sales comprised over 11% of group revenue during the period.

Hire sales edged up 0.7% although the category declined as a proportion of total sales. Eveningwear was the main driver of hire sales volume in the period.

Moss has opened seven new stores and closed three in its financial year to date. The total estate now comprises 128 outlets.

In a statement, the company said the year ahead looks set to be “challenging” due to factors such as the uncertain consumer environment, wider political backdrop, higher costs and a weaker pound.

Brian Brick, Moss chief executive, said: “We are very pleased with the performance of the business. Ongoing investment in new and refitted stores, alongside improved omnichannel capabilities have enabled us to continue the progress we made in the first half of the year.

“A more co-ordinated approach to our programme of offers and promotions, along with the ongoing development of our own label product ranges has driven continued margin improvements across all channels during the 23 weeks under review.

“The board remains very confident in the outlook for the full year.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, 22 Duchess Mews, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Future of Retail Marketing 2020
Future of Retail Marketing 2020
9 June 2020
Hallam Conference Centre, London W1W 6JJ
The Future of Retail Marketing for Customer Engagement
The HR Summit 2020
The HR Summit 2020
1 October 2020
Hallam Conference Centre, London W1W 6JJ
Company values, collaboration with employees and driving a major HR transformation to create a truly omnichannel experience, need to be at the heart of the organisation's culture and brand
AI in Retail Conference 2019
AI in Retail Conference 2019
14 October 2020
Hallam Conference Center, 44 Hallam Street, London W1W 6JJ
CONFERENCE AIMED AT RETAILERS WORKING IN MARKETING, IT, DIGITAL, DATA AND TECHNOLOGY