The company, whose shares have plummeted since its February flotation, said total sales for the first 18 weeks of the financial year were up 8 per cent on a year ago. Mr Simon added that during the period Monsoon added 20 branches, with 14 more set to open before the end of November.
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MONSOON, the chain of women's clothes shops, yesterday became the latest retailer to warn of tough times on the high street. Peter Simon, chairman, told a shareholders' meeting that despite a modest rise in sales in September, "difficult trading conditions persist".