Moss Bros news and archive

Increased discounting impacts margins at Moss Bros

Moss Bros Group Plc, for the 23 week period to January 5, 2019, including the Christmas trading period, reported 0.6 percent rise in total sales ahead of last year and a drop of 1 percent on a like for like basis. The company said that the performance has shown an improving trend across the first ten weeks of the fourth quarter, with total sales...

Report

Moss Bros names Gareth Jones as non-executive director

Gareth Jones, the former chief executive at Missguided, has been named as a non-executive director of men’s tailoring retailer, Moss Bros. Jones, who left the online fashion retailer in May 2018, will join the Moss Bros board on January 14. He will also become chairman of the Remuneration Committee at Moss Bros in May 2019, when, as part of its...

Management

Moss Bros first half like-for-like sales decline 3.3 percent

Moss Bros Group PLC in a statement announcing half yearly results, said that total group revenue, excluding VAT, of 64.5 million pounds (84.8 million dollars), was 3.3 percent lower than the previous year, while like-for-like retail sales, including e-commerce reduced 6.9 percent. The company’s ecommerce like-for-like sales for the first half...

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Moss Bros like-for-like sales decline 5.2 percent

Moss Bros Group PLC, in its trading update for the 15 weeks to May 12, 2018, said that total sales fell by 2.4 percent on last year, while like-for-like sales were 5.2 percent lower for the same period. This, the company said, is an improvement on the run rate seen in March of drop of 4.4 percent and 6.5 percent respectively. Commenting on the...

Management

Moss Bros full-year profits slip 6.1 percent

London - Moss Bros Group PLC, the men's tailoring specialist, revealed a 6.1 percent dip in its full-year profits for the year ending 27 January 2018, after struggling with a tough trading environment as well as a "significant stock shortage" during the final quarter. Preliminary results for the full-year from 29 January 2017 to 27 January 2018,...

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Moss Bros cuts dividend, expects to report lower full year profit

Moss Bros Group PLC anticipates that the group will deliver profit at a level materially lower than current market expectations for 52-week period January 26, 2019. The company said that the change in current expectations is driven stock shortfall across all categories that has had a negative effect on sales in all retail channels and is...

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Moss Bros issues profit warning after footfall drops in December

Moss Bros Group PLC, in its trading update for the 23 week period January 6, 2018 said that the group continued to make progress, growing retail sales against a very challenging consumer backdrop but due to lower footfall than anticipated during December, particularly in stores, the business expects to report a full year profit before tax...

Management

Revenue up, profit rises16 percent at Moss Bros

For the six months to July 29, 2017, profit before tax from continuing operations at Moss Bros was 4.2 million pounds (5.6 million dollars), a 16 percent increase on last year, which the company said was driven by strong retail sales growth from both like-for-like stores, new space and e-commerce underpinned by careful and targeted promotional...

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Moss Bros’s audit committee chairman to retire after next AGM

Moss Bros Group has announced that as part of its board succession planning, Bryan Portman, chairman of the audit committee since 2011, intends to retire from the board following the company’s AGM on May 18, 2018. Commenting on the development, Debbie Hewitt, the board Chairman said in a statement, “On behalf of the whole board, I would like to...

Report

Moss Bros sales increase 3.7 percent

Moss Bros Group total sales for the 15 week period from January 29, 2017 to May 13, 2017, increased by 3.7 percent on last year; while like-for-like sales were up 2.3 percent for the same period. Like–for-like retail sales, including e-commerce, were up 5.5 percent, which the company said due to the new season’s ranges performing well....

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Moss Bros eyes international expansion following strong results for FY16

London - Following another set of strong financial results for Moss Bros Group for its fiscal year 2016, the menswear retailer is said to driving forward its plans for international expansion. Moss Bros posted a 5.7 percent increase in total revenue, excluding VAT, to 127.9 million pounds for the year ended January 28, 2017. "Moss Bros has...

Management

Moss Bros reveals 5.7 percent rise in FY16 revenues

In its preliminary results announcement for the year to January 28, 2017, Moss Bros Group reported that total revenue, excluding VAT, was up 5.7 percent on the previous year to 127.9 million pounds (158 million dollars). Group like-for-like sales of 131.5 million pounds (163 million dollars), including VAT, were up 5.3 percent. Commenting on the...