But outlook brighter for this year
Fashion group Alexon revealed like-for-like sales declined 5.5 per cent for the 52 weeks to January 27 after a difficult year for the group.
Group operating profit from continuing operations (before exceptional items) was£11.8 million compared with£21.6 million the previous year, but is in line with market expectations. Turnover from continuing operations was£325.8 million, against£345.5 million.
Alexon chief executive John Osborn said: 'The sale of Dolcis and the closure of Mandolin marks the end of a challenging period for the group. The positive start to the spring season by Bay Trading and the product initiatives taken within Menswear and Alexon brands mean that the group is well placed to make good progress in 2007.'
The company added that like-for-like sales for the first eight weeks of this financial year were level with improved gross margins.
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