Join our community of smart investors

More dross from Moss Bros

The suit retailer endured a trading slump at the end of its 2018 financial year, but it's not out of the woods yet
March 27, 2018

For investors, the question over Moss Bros (MOSB) is where do industry challenges end and in-house problems begin? The group – which has warned over profits twice since the start of the year – has seen like-for-like retail sales decline significantly over the first eight weeks of the new financial year. Supplier issues and stock shortages have taken a toll, although even the most sympathetic industry analysts would deem these factors wholly avoidable. The retailer expects to resolve the stock shortages by late spring, but results for the January 2019 year-end will be “materially lower” than expected.

IC TIP: Hold at 46.5p
This is subscriber only content
Start your trial to keep reading
PRINT AND DIGITAL trial

Get 12 weeks for £12
  • Essential access to the website and app
  • Magazine delivered every week
  • Investment ideas, tools and analysis
Have an account? Sign in