StockMarketWire.com - Men's suit retailer Moss Bros Group said sales in the first 15 weeks of the financial year fell 2.4%, though it said this represented an improvement since a gloomy trading update released in March.

An anticipated recovery in stock availability was on track, with the company's stock position 'much improved' from the early weeks of the current financial year, Moss Bros said.

Like-for-like sales for the period slipped 5.2%, though this was an improvement on the 6.5% ran rate seen in March, at which time reported sales had fallen by 4.4%.

'Following a disappointing start to the year, our trading performance has, as anticipated, begun to improve, as a result of our improving stock availability,' chief executive Brian Brick said.

'The wider trading environment, however, remains tough with a fragile consumer environment.'

'We remain conscious of the economic headwinds which we face but will, as described in March, continue to invest in the areas that ensure we leverage our distinct position on the high street.'


At 8:24am: [LON:MOSB] Moss Bros Group PLC share price was +4.65p at 51.7p



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