Women's wear retailer Alexon Group Plc today (5 June) said trading in the first 18 weeks of the first-half is in line with expectations for both Alexon Brands and Bay Trading.

It said it continues to maintain margins and control costs in the face of "a difficult economic environment of weakened consumer demand and unhelpful weather."

The retailer also said its new chief executive, Jane McNally, will step into the post on 16 June, and that outgoing CEO John Osborn will retire on 29 August.