Alexon’s trading update confirms ferocity of clothing sector

Like-for-like sales for the remainder of the Group for the 22 weeks ended 30th December 2006 were 4 per cent down on the previous year.

The group said “There was a mixed performance across the Group’s divisions. Sales for Alexon
Brands were 5% down like-for-like, on margins 2% lower. Whilst Eastex and Dash have performed well, poor range acceptability on Alex & Co and Minuet has resulted in aggressive markdowns in order to clear stock. Bay Trading sales were 2 per cent down like-for-like, although the margins were stronger. Menswear
like-for-like sales were 1% down, reflecting stronger trading in December, on margins level with the prior year.

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