Moss Bros cutting it in 2005

Moss Bros Group is expected to tell shareholders that the first 16 weeks of the financial year have been good for the menswear retailer. Like-for-like sales increased by 4 per cent over the period, which started from January 30. Gross margin also rose, by 1 percentage point.

Profits at the group grew five-fold for the year to January 29. The menswear retailer's pre-tax profit was up from£1 million to£5.5 million. Turnover for the year increased, but at a slower rate, from£124 million to£130.2 million. Like-for-like sales were up 9 per cent.