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Article: Fashion group Alexon continues to struggle.
- Article from:
- Independent Television News Limited (ITN)
- Article date:
- June 17, 2009
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Summary: Fashion group Alexon has said it sees no end in sight to an "intensely competitive" retail climate as it unveiled steep sales declines.
Fashion group Alexon has said it sees no end in sight to an "intensely competitive" retail climate as it unveiled steep sales declines.
The struggling company - which includes brands such as Ann Harvey, Minuet, Eastex, Dash and Kaliko - said like-for-like sales were down 12 per cent in the 17 weeks to June 13, while margins were hit by promotions.
In April, Alexon put its struggling Bay Trading chain into administration, describing it as an "extremely difficult" decision as it focused on its other ...