![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Alexon Grp. | LSE:AXN | London | Ordinary Share | GB00B28Y7M80 | ORD 12.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.825 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAXN RNS Number : 6003N Alexon Group PLC 15 June 2010 15 June 2010 ALEXON GROUP plc AGM and Interim Management Statement At the Annual General Meeting to be held later today, Alexon Group plc ("Alexon" or the "Group") will make the following interim management statement for the period from 1 February 2010 to 14 June 2010. Trading since the year end has been broadly satisfactory against a backdrop of poor consumer confidence and continued economic uncertainty. Group like-for-like sales for the 19 weeks ended 12 June 2010 were down 5.4%. Due to increased levels of promotional activity, margins experienced a small negative impact during the period. In terms of relative brand performance, Dash, Kaliko and Minuet performed well and once again continued with their positive sales trend. Dash benefited from a significant expansion in the number of retail outlets it operates from, whilst Kaliko and Minuet benefited from a series of store and concession refits and refurbishments. Kaliko, in particular, was very positive in like for like terms. Two factors contributed to a worsening in our overall like for like sales performance for the period: firstly, whilst trading at Ann Harvey continues to improve season-on-season, recent sales have been significantly impacted by transport distribution issues caused by the volcanic ash cloud which delayed a key high summer stock package. Secondly, Eastex's performance significantly deteriorated in the period leading up to and immediately following the UK election, possibly reflecting low consumer confidence amongst Eastex's target market and has not yet fully recovered. As anticipated, Alex & Co continued to underperform, and we remain focused on renewing its branding and product ranges for the Autumn/Winter 2010 season, the range previews for which have been well received by host stores and focus groups. Following our successful Capital Raising in March 2010, we remain focused on accelerating our turnaround strategy. We are progressing well with the restructuring of our store portfolio and further to the initial 36 surrendered leases announced at the time of the Capital Raising, we have now agreed a further four surrenders, two assignments and two temporary lets, all of which are currently being finalised. Negotiations in respect of a number of other properties are still in progress. Similarly, work on upgrading and updating our internal systems is on track, with tenders received for the replacement of the warehouse management system and advanced discussions taking place with regards to the replacement of our store communications system. Further investment in our online capabilities continue to benefit the Group, with all brands now trading via their own sites and via the Debenhams and House of Fraser websites, Kaliko also trades through the John Lewis Partnership site. Total online sales during the period are up 135%. The concession and store refit programme is progressing well, with 17 refits completed in the period and a further 17 currently planned to happen in the second half. The new brand identities for Eastex and Dash are nearing completion with the first stores to be completed by the end of July in Bath and Marlborough respectively. In terms of new openings, Alexon Group has opened 34 new outlets across the brand portfolio during the period, with a similar number of confirmed openings planned through the remainder of the year. Looking ahead, the Board anticipates that the current challenging environment will continue following the upcoming budget. However, subject to a return to normal trading patterns for Eastex over the coming months, we remain on track to deliver a good performance for the full year. Enquiries: +----------------------------------------------+---------------------+ | Alexon Group plc | 01582 723131 | +----------------------------------------------+---------------------+ | Jane McNally, Chief Executive Officer | | +----------------------------------------------+---------------------+ | John Boyle, Group Finance Director and | | | Company Secretary | | +----------------------------------------------+---------------------+ | | | +----------------------------------------------+---------------------+ | Brunswick Group LLP | 020 7404 5959 | +----------------------------------------------+---------------------+ | Simon Sporborg / James Olley / Zoe Bird | | +----------------------------------------------+---------------------+ This information is provided by RNS The company news service from the London Stock Exchange END MSCKKQDKOBKDFAD
1 Year Alexon Chart |
1 Month Alexon Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions