Bay Trading parent reveals weak Christmas
Fashion group Alexon, the company behind shoe chain Dolcis and fashion retailer Bay Trading, unveiled a drop in sales today.
The group revealed that both Dolcis and the menswear division held back overall sales during the 23 weeks to January 7, which were down 2.1 per cent like for like.
The retailer said: 'Dolcis and menswear both underperformed in the key Christmas period, resulting from a weak product offer and a difficult trading environment.'
The group anticipates year-end operating profit before interest to be between£19.5 million and£20.5 million. This compares with£31.6 million in the previous year, before exceptional costs of£2.2 million.
Alexon preliminary results for the year ending January 28 will be announced on March 27.
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