Moss Bros cautious despite sales rising

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The Independent Online

Sales at the menswear retailer Moss Bros are rising but it remains cautious about the outlook for the year ahead.

The company, which runs the Moss, Cecil Gee and Savoy Taylors Guild chains and owns the British licence for brands such as Hugo Boss, said like-for-like sales for the first 16 weeks of 2010 were up 12.6 per cent compared with a year ago.

Moss Bros said it was "pleased with the sales momentum" and the business was making "good progress in tough market conditions". But it warned: "The board is mindful of the macro-economic environment and its impact on consumer spending."

Moss Bros will launch its Moss Bespoke concept early next month, with a new flagship store in the City of London.