StockMarketWire.com - Moss Bros Group said its overall trading performance in the 15 weeks to May 13 has shown improvement on the prior year, in line with market expectations.

"Strong retail sales, including e-commerce, have underpinned this positive performance," it said.

Total sales for the business for the first 15 weeks increased by 3.7% on last year. Like-for-like sales were up 2.3% for the same period. CEO Brian Brick said he was pleased with Moss Bros' progress.

He said it continued to trade well and in line with the Board's expectations, despite the continuing tough trading environment and a highly competitive marketplace that had seen significantly more markdown activity than the same period last year.

"Retail and e-commerce sales have shown further improvement against this backdrop," said Brick.

"We continue to be acutely aware of the economic headwinds which we will face for the remainder of the financial year, as input cost increases come into effect.

"We are also mindful that zero real wage growth will impact on consumer confidence. We will remain agile in our response to these market conditions."

"We are focused on the peak period of our trading year, with performance strongly event driven as we enter 'wedding season', Ascot and the school prom season.

"We are well placed in terms of both our core offer and levels of stock availability to maximise our share of our customers' spend."




At 9:52am: [LON:MOSB] Moss Bros Group PLC share price was -4.75p at 108.5p



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