Moss Bros grows sales by 10 per cent

Moss Bros Group reported a 9 per cent like-for-like sales increase for the year to January 29. Like-for-like sales for the most recent half-year rose 10 per cent, with Moss up 9 per cent, Cecil Gee up 10 per cent and Hugo Boss up 15 per cent.

In the last nine weeks of the year, the group grew like-for-like sales by 7 per cent and gross margin by 1 per cent.The retailer said margin gains had been achieved through improvements in product ranges, supply chain efficiencies, better buying terms and more effective sales promotions.