Moss hopeful of navigating downturn

Moss Bros reported a deterioration in sales today, but said it was well placed to limit any further downside from the current testing conditions.

The menswear retailer, which announced losses of £1.4bn (€1.8bn) in April, said like-for-like sales dipped 1.5% in the first 19 weeks of the current financial year, although this was offset by tighter stock levels.