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Suit specialist Moss Bros' comparable sales rise 7.8 pct

Thu, 11th Dec 2014 07:25

Dec 11 (Reuters) - British suit specialist Moss Bros GroupPlc reported a 7.8 percent rise in comparable sales forthe first 19 weeks of the second half and said it was confidentof full-year outlook.

Retail sales, which account for about 85 percent of grouprevenue, benefited from the new sub brands launched for theautumn season and trading from refurbished stores, the companysaid in a statement.

Moss Bros, which operates 131 stores, revamped 14 stores inthis financial year as part of its five-year refurbishmentprogramme launched two years ago.

The company sells and hires out formal clothing in the UKthrough its Moss Bros, Moss, Moss Bros Hire and Savoy TaylorsGuild brands. (Reporting by Aastha Agnihotri in Bengaluru; Editing byGopakumar Warrier)

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