Moss Bros see profits rise on improved sales

Moss Bros, the menswear store, has released preliminary results for the 52 weeks ended 26 January (results). The firm's pre-tax profits are up from £900,000 to £2.98m. Like-for-like retail sales were up 4.1 per cent and hire up 3.1 per cent. The firm noted that the Royal Jubilee and the Olympic games disrupted the trading year. Chairman Debbie Hewitt commented on the results:

This year we will continue our store redevelopment and multi-channel development. In parallel we will undertake an extensive customer insight project, to develop a clearer brand proposition for the business, enabling us to target current, lapsed and new customers in a more defined way.