Uniform and workplace clothing specialist Alexandra plc has unveiled a four-pronged cost-cutting plan as the weak pound and worsening economic climate impact its results.

The company said sales for the nine months to the end of October were flat compared to last year, supported by the continued strong performance of the medical sector.

However, it added that orders from small businesses and the retail, hospitality and industry sectors had declined so far in the fourth quarter.

Alexandra has been affected by the rapid weakening of the pound against the dollar, since textile products sourced from the Far East and India are traded in dollars.

"This is now filtering through as substantial garment price increases," the company said.

The four-part action plan includes overhead reductions calculated to save GBP1.5m (US$2.2m); supplier cost reductions to save about GBP1m; increased selling prices; and a stock reduction programme which should save another GBP4m.

Alexandra said it expected full-year turnover to be down about 3% - in line with market expectations - with underlying pre-tax profit in line with the board's expectations.