It wasn’t a very Merry Christmas for suit retailer Moss Bros (MOSB). The group said recent “volatile” trading patterns saw in-store like-for-like sales rise 1.2 per cent between August and November, only to crash 8 per cent between December and early January.
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This has put more pressure on gross margins than previously expected and will result in worse-than-predicted full-year results when the company reports at the end of March.
