Back in fashion: Suit firm Moss Bros flags improvement in trading performance

Suit retailer Moss Bros has said trading improved in the first quarter, despite booking another steep fall in sales. The group, which has warned over profits twice since the start of the year, saw like-for-like sales tumble 5.2 per cent in the 15 weeks to 12 May. Total revenue was down 2.4 per cent. However, the figures represent an improvement on the run rate seen in March of declines of 6.5 per cent and 4.4 per cent respectively. Moss Bros pinned the better numbers on the easing of supplier woes and stock shortages which have hampered trading since the end of last year.