Companies
Moss Bros like for like sales down
By Mark Roberts
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Posted 13 June 2008 @ 10:37 am GMT
Moss Bros said on Friday its like for like sales for the first 19 weeks of 2008 fell 1.5 per cent compared with the same period the previous year. The menswear company added that it had cut the amount of old stock it kept by 41 per cent.
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Moss Bros confirm offer amid drop in salesMoss Bross said the market was "extremely challenging" but that it was ready for difficult trading conditions.
Last month a takeover of Moss Bros by investment group Baugur was cancelled.
Moss Bros said, "The business is well placed to both limit any further downside from a continuing volatile environment, and take full advantage of any improvement," reports the BBC.
This article is copyrighted by the International Business Times.
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