Moss Bros aims to sell more suits than Green
Friday 04 February 2005
Philip Mountford, the chief executive of Moss Bros, said yesterday: "We are a specialist retailer with a great product range.
"Our ambition is to be number two in the suits market. Our current market share is about 8.6 per cent, and we want to take 10 per cent in the next three years. This would probably bring us to around the number two spot."
He revealed his ambitions in the suits market as Moss Bros announced a 9 per cent rise in like-for-like sales over the year to 29 January 2005. Over the second six months of its financial year, like-for-like sales were up 10 per cent, with sales at Hugo Boss the strongest in the group. Sales there were up 15 per cent, compared with 10 per cent in Cecil Gee and 9 per cent in Moss.
Suits have driven the sales growth. Mr Mountford said: "We've seen a real strong demand for formal suit shirts, in vibrant colours, and suits across the three brands have done very well."
With a 10 per cent share of the suits market, Moss believes it would vying ahead of Mr Green. Mr Green, however, claims to have 11 per cent, including TopShop and Bhs. Marks & Spencer is the clear high street leader in suit retailing, with a market share of more than 15 per cent.
- 1 Drugs Live cannabis trial: Hash is less harmful than any other drug, expert claims
- 2 Have sex with your iPad thanks to the new sex toy no-one asked for
- 3 The 'sex selfie stick' lets you FaceTime the inside of a vagina
- 4 Adam Levine's biggest fan had a panic attack upon meeting him, so the singer laid down on the floor to get a photo with him
- 5 Why you're almost certainly more like your father than your mother
Out-of-touch MPs ‘don’t get it’, says ex-Civil Service chief
Mark Zuckerberg: Facebook CEO's one simple test for who to hire
Bali nine: Welcome to 'Execution Island' – the Indonesian holiday resort where foreigners are sent to die
'A girl is more responsible for rape than a boy': The statement that shocked the world... except India
The 'sex selfie stick' lets you FaceTime the inside of a vagina
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is killed near the Kremlin
iJobs Money & Business
£8 per hour: Recruitment Genius: This Pension Specialist was established early...
£30 - 35k + Bonus & Benefits: Guru Careers: We are seeking an Executive Assist...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
Voluntary post, reasonable expenses reimbursed: Reach Volunteering: Would you ...