Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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Moss Bros Group (MOSB)

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Thursday 12 January, 2017

Moss Bros Group

Trading Update

RNS Number : 9477T
Moss Bros Group PLC
12 January 2017
 

TRADING UPDATE

CONTINUED STRONG PROGRESS

 

Moss Bros Group PLC ("the Group") today issues its Trading Update for the 23 week period from 31 July 2016 to 7 January 2017. 

 

The Group has continued to make good progress and is trading in line with market expectations.

 

Highlights:

 

·    Like for like sales for the first 23 weeks of the second half were up 6.1% on last year.  

 

·     Total sales for the 23 weeks to 7 January were 7.6% ahead of last year.

 

·     Retail sales, including e-commerce comprised 90% of Group revenue during the 23 week period (87% Year to Date) and continued to benefit from the increasing number of refitted stores and more authoritative brand proposition.  Total retail sales were up 6.8% on a like for like basis in the period under review.

 

·     E-commerce sales for the 23 weeks to 7 January were up 24.9% on last year. Our online business benefitted from the investment in 'back-end' systems and processes made during the first half and the improvements seen enabled us to drive top line sales during the second half and make progress in delivering a higher level of customer service. E-commerce sales comprised over 11% of group revenue during the period. 

 

·     Hire sales increased by 0.7% on a like for like basis during the period. Hire as a proportion of total sales declined during the second half of the year. Eveningwear was the main driver of Hire sales volume during the period.

 

·    Overall, gross margins for the half year to date improved by 1.4% on last year, a further improvement on the 1.8% increase achieved during the first half.  This is largely due to the ongoing improvement in retail gross margins from a more carefully targeted promotional programme, as well as intake margin improvement. The improvement seen during the year to date began to annualise during the fourth quarter of FY16/17.

 

·    Seven new stores have been opened and three closed in the year to date.  The total estate is now 128 outlets.

 

·    11 stores were refitted during the financial year so far.  97 new and refitted stores currently trade in the new format, with plans to refit a similar number (11) during FY17/18.  Refitted stores continue to achieve the turnover increases expected. 

 

·    Stock levels remain under close control with residual stocks having been cleared.

 

·    The Group continues to maintain a healthy cash balance as it is strongly cash generative and expects to end the 2016/17 year with net cash of £19.5m (£17.3m as at 30 January 2016).

 

·    The business, both instore and online, continues to make very good progress and the Board remains confident in the outlook for the full year.

 

Commenting on the outlook, Brian Brick, Chief Executive Officer, said:

 

"We are very pleased with the performance of the business. Ongoing investment in new and refitted stores, alongside improved omni-channel capabilities have enabled us to continue the progress we made in the first half of the year.

 

A more co-ordinated approach to our programme of offers and promotions, along with the ongoing development of our own label product ranges has driven continued margin improvements across all channels during the 23 weeks under review. This margin improvement started to annualise during Q4 of the current financial year.

 

The improvement in sales, margins and profits compared with the prior year, all continue to be supported by a strong balance sheet and a progressive dividend policy.

 

The Board remains very confident in the outlook for the full year.

 

In common with many UK retailers, the year ahead looks set to be a challenging one, not least the uncertain consumer environment, wider political backdrop and higher input costs; in product from a weaker pound, business rates and employee costs; we are therefore preparing the company for a more competitive trading environment and we are planning and deploying our resources accordingly, ensuring that we continue to protect the investment we are making in building and sustaining growth."

 

The Group will announce its Preliminary Results on 28 March 2017.

 

For further information please contact:

Moss Bros Group Plc                                                 0207 447 7200

Brian Brick, Chief Executive Officer

Tony Bennett, Finance Director

Buchanan                                                                   0207 466 5000

Charles Ryland/Victoria Hayns/Catriona Flint

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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