THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
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.

FASHION

Moss Bros makes good second half progress

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

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, 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