Moss Bros sales saved by e-commerce
Written by Peter Walker
Despite a “tough trading environment”, Moss Bros has recorded a 1.5 per cent increase in total sales, mostly attributed to its e-commerce platform.
For the 15 weeks to 11 May, total like-for-like sales were down 0.2 per cent on the same period last year, but online sales tipped the balance back in the men’s clothing retailer’s favour, coming in at 18.7 per cent.
“We are making progress on last year, having recovered from the stock issues and improved our supply chain,” commented chief executive Brian Brick. “Retail and e-commerce sales have shown further improvement against this backdrop.”
Earlier this year, Moss Bros recorded its first annual loss since 2001 amid “volatile” trading conditions, although again, this was balanced by a 19.6 per cent growth in e-commerce sales, which now represent 14.5 per cent of total sales.
In March, Joules chief executive Colin Porter was announced as Moss Bros’ new chairman, replacing Debbie Hewitt, whose nine-year tenure came to an end with her retirement this month.