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Alexon sees strong performance of Eastex brand, interim results
27 Sep '05
3 min read
Dolcis
Dolcis had a difficult half recording an operating loss of £0.9 million (UK GAAP £0.8m), compared with a profit of £0.8 million (UK GAAP £0.9m) in the prior year. Like for like sales were down 9 percent and lower margins resulted from the need to clear surplus stocks.
There were a number of contributory factors – reduced demand for shoes as a fashion item and increased competition from garment retailers strengthening their shoe offer. Thier response has been to strengthen their buying team and to increase the fashion content and appeal of their ranges, the effects of which should be felt in Spring 2006.
Menswear
Menswear recorded an operating loss of £1.5 million (UK GAAP loss of £1.5m) against a loss of £0.3 million (UK GAAP loss of £0.3m) for the prior year. Like for like sales were down 6 percent. Gross margins were slightly higher.
Whilst concession sales were strong, Envy suffered from weak performances from third party brands and a significant growth in the number of competitors in its sector. Going forward, they intend to increase the proportion of own brands (already performing well in their concession business) and thereby enhance margins.
Click here to see more details:
UK based leading company Alexon Group plc is a leading retailer which offers ladieswear, menswear and shoes. It also provides unique jewelry, novelty, and plush items to fill customer your needs.
Dolcis had a difficult half recording an operating loss of £0.9 million (UK GAAP £0.8m), compared with a profit of £0.8 million (UK GAAP £0.9m) in the prior year. Like for like sales were down 9 percent and lower margins resulted from the need to clear surplus stocks.
There were a number of contributory factors – reduced demand for shoes as a fashion item and increased competition from garment retailers strengthening their shoe offer. Thier response has been to strengthen their buying team and to increase the fashion content and appeal of their ranges, the effects of which should be felt in Spring 2006.
Menswear
Menswear recorded an operating loss of £1.5 million (UK GAAP loss of £1.5m) against a loss of £0.3 million (UK GAAP loss of £0.3m) for the prior year. Like for like sales were down 6 percent. Gross margins were slightly higher.
Whilst concession sales were strong, Envy suffered from weak performances from third party brands and a significant growth in the number of competitors in its sector. Going forward, they intend to increase the proportion of own brands (already performing well in their concession business) and thereby enhance margins.
Click here to see more details:
UK based leading company Alexon Group plc is a leading retailer which offers ladieswear, menswear and shoes. It also provides unique jewelry, novelty, and plush items to fill customer your needs.
Alexon Group plc
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