UK: Alexon “encouraged” after H1 profit gain
- H1 profit up 5.6% to GBP0.95m
- Gross turnover down 9%
- Reports good recent trading
Women’s wear retailer Alexon said good progress was being made with its turnaround strategy after first-half profit edged up, despite a decline in sales.
Like-for-like sales fell 5.5%, but the group said trading since the half-year had been “encouraging”, with a like-for-like sales boost of 3.1% in the first seven weeks of the second half. Alexon said its autumn/winter ranges had been well received and were selling strongly, fuelling margin improvement.
“We are pleased to have returned to operating profit in the first half of the year, despite trading being impacted by a challenging market and restricted stock levels,” said Jane McNally, chief executive.
Women's wear retailer Alexon Group Plc today (27 January) said trading has recovered after being hit hard by cold weather conditions in the UK in the run-up to Christmas....
Women's wear retailer Alexon Group Plc today (21 December) issued a profit warning after extreme cold weather conditions in the UK hit sales in the key pre-Christmas trading period....
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