Home / Knowledge / News / Apparel/Garments / Moss Bros witnesses strong end to 2013 as sales rise
Moss Bros witnesses strong end to 2013 as sales rise
31
Jan '14
Driven by robust sales performance in the Christmas shopping season, UK’s leading formal menswear company Moss Bros Group Plc. witnessed a strong end to the year as trading accelerated.
 
The company, which is a specialist in selling formal menswear such as suits, shirts, coats, formal/casual jackets, ties, shoes and accessories, reported a 12.9 per cent rise in like for like sales in the five weeks to 11 January 2014 from the same period a year ago.
 
The company witnessed improved sales performance over the Christmas period, when consumer spending tends to be at its peak as consumers bolster purchases during the holiday shopping and festive season.
 
At the same time, a pickup in Britain’s economy has also boosted consumer sentiment, aiding in the sales growth of the country’s apparel and fashion industry.
 
The company witnessed a 7.3 per cent rise in like for like sales in the 24 weeks ended 11 January 2014 from the same period a year ago.
 
The acceleration in sales performance in the Christmas period also boosted the company’s profitability as cash gross profit rose by 5.6 per cent in the 24 weeks to 11 January 2014 from last year.
 
Tight cost control has also aided the profitability of Moss Bros Group Plc.
 
The company is positive over the future outlook as it expects its annual 2013-14 profit to surpass market expectations following acceleration in sales at the end of the year, aided by tight control over costs and robust stock clearance.
 

Fibre2fashion News Desk - India

Must ReadView All

Fashion | On 28th Jul 2016

Gildan acquires Peds for $55 million

Montreal-based family apparel marketer Gildan Activewear Inc....

Information Technology | On 28th Jul 2016

E-com can generate 12 mn jobs in India

E-commerce has the potential to add 12 million of the 80 million new...

Textiles | On 28th Jul 2016

Odisha wants SPV rule for textile parks relaxed

The one third textile entrepreneur stipulation in forming SPVs or...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
June 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search