Moss Bros is upbeat, but not suited by the weather
Retailer Moss Bros has warned that cash-strapped consumers are delaying hiring suits for weddings, and recent trading had been dampened by the wintry weather.
But the men’s suit specialist remained “confident” about hitting market expectations for this year, after raising its profits and dividend in 2012.
Moss Bros said its underlying gross profit margin was lower by 2.4% in the first seven weeks of its financial year, and sales were down by slightly more.
Chief executive Brian Brick said: “A return to more seasonal weather would be good. When you wake up on March 22 and it’s snowing, it is not conducive to selling linen [suits].” He added that customers are delaying putting down deposits to hire suits, as “money is tighter”, but believes the bookings will be made closer to events such as weddings and balls.
Profits rose by £2.1 million to £3 million over the year to January 26. The total dividend was up 125% at 0.9p.
- 1 Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
- 2 Oil tanker with $100 million cargo goes missing off Texas coast
- 3 George Galloway left with severe bruising after attack in Notting Hill by man 'shouting about the Holocaust'
- 4 Lady al-Qa’ida: On the trail of Dr Aafia Siddiqui, the world’s most wanted prisoner
- 5 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
YouTube video posted by Isis militants shows 'execution of 250 Syrian soldiers'
Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
Oil tanker with $100 million cargo goes missing off Texas coast
George Galloway left with severe bruising after attack in Notting Hill by man 'shouting about the Holocaust'
A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Do you realise just how foolish the UK looks?
With Douglas Carswell joining Ukip, my party has taken another giant step forward
- < Previous
- Next >
iJobs Money & Business
Highly Attractive Salary: Austen Lloyd: BRISTOL - This is a very unusual law c...
£35000 per annum: Harrington Starr: Network Engineer (CCNP, CCNA, Linux, OSPF,...
£50000 per annum: Harrington Starr: DevOps Engineer (Systems Administration, L...
£60000 - £70000 per annum: Harrington Starr: A prestigious leading professiona...