8 Jul 2016 13:53
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Don't have an account? Click here to register.Moss Bros rallies as Gatemore Capital takes 9.6% stake
Mon, 10th Jun 2019 09:33
(Sharecast News) - Shares in Moss Bros rallied on Monday as it emerged that Gatemore Capital Management has taken a 9.57% stake in the menswear specialist.The asset manager took an 8% stake in fashion retailer French Connection back in 2017.In a trading update in May, Moss Bros said it was on track to meet market expectations for the full year. The company said total sales for the business were up 1.5% in the 15 weeks to 11 May, with total like-for-like sales 0.2% lower.Sales from the hire department were down 15.6% on the year, meanwhile.Chief executive Brian Brick said at the time: "We are making progress on last year, having recovered from the stock issues and improved our supply chain. Retail and e-commerce sales have shown further improvement against this backdrop. Although Hire continues to disappoint, it is clear this is reflecting a switch from Hire to retail with the new Tailor Me range."At 1005 BST, the shares were up 5.2% at 21.77p.
More News
20 May 2016 08:39
Lack of mid-season sale leads to improved profit at Moss Bros
(ShareCast News) - Menswear retailer Moss Bros reported a 3.3% rise in total sales in the 15 weeks to 14 May on Friday, as investors gathered for the annual general meeting, with like-for-like sales up 5%. The company's retail sales climbed 5.1% during the period, with hire sales growing 4.7%. Of t
Read more13 May 2016 15:03
5 Apr 2016 08:03
Moss Bros full year profit up 23%
(ShareCast News) - Specialist menswear retailer Moss Bros posted a rise in full year profit and sounded an upbeat note on current trading. In its preliminary results for the 52 weeks to 30 January, Moss Bros said underlying pre-tax profit rose 23.1% from the previous year to £5.9m. Like-for-like sa
Read more4 Apr 2016 13:31
Tuesday preview: Moss Bros' online offering in focus as it reports full year results
(ShareCast News) - Moss Bros Group reports its 2015 preliminary results on Tuesday with analysts expecting an increase in earnings compared to the previous year. The City has pencilled in full year pre-tax profits of £5.8m, up from £4.8m in 2014. Revenue is forecast to rise to £123.1m from £114.7 th
Read more29 Mar 2016 15:11
19 Feb 2016 08:57
Moss Bros appoints new FD and COO
(ShareCast News) - Specialist menswear retailer Moss Bros has appointed Tony Bennett as group finance director and Paula Minowa as chief operating officer. Bennett, currently the FD at Charles Tyrwhitt, will take over the role from Robin Piggott, who announced his intention to retire in September.
Read more26 Jan 2016 07:38
14 Jan 2016 10:13
Moss Bros sales grow despite challenging autumn
(ShareCast News) - Formal menswear specialist Moss Bros reported a rise in sales for the 23 weeks from 2 August to 9 January, as its promotional strategy offset a challenging trading environment in autumn. Like-for-like sales were up 4.2% on the previous year, while total sales for the period were 4
Read more7 Jan 2016 16:05