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Last Updated: Monday, 17 January, 2005, 08:34 GMT
Christmas sales cheer for Monsoon
Monsoon store
The firm has put the trading success down to "customer loyalty"
Fashion group Monsoon has bucked the gloomy trend among UK retailers by reporting a strong rise in sales over the crucial Christmas holiday period.

Ignoring the effect of new and closed stores, Monsoon saw festive sales climb 13% on the year before.

It also reported record pre-tax profits for the half-year period to 27 November of �28m ($52m) - an improvement of 32% on the previous year.

Monsoon chairman Peter Simon said he was "pleased" with the results.

The firm sells high-end clothing and accessories for men, women and children.

The group, which also owns Accessorize, said demand for ponchos and accessories had contributed to the record performance by its autumn and winter ranges.

"The benefits of the investment in our two strong brands are bearing fruit," Mr Simon said.

"We are not complacent as we recognise we are trading in difficult environments. We look forward to investing our money on long-term projects at the appropriate time without any pressure to do so."

He said the record half-year results were due to "customer loyalty and support" and a strong performance from staff.




SEE ALSO:
Weak Christmas dogs UK retailers
12 Jan 05 |  Business
Festive sales 'worst in 10 years'
11 Jan 05 |  Business
John Lewis 'satisfied' with sales
10 Jan 05 |  Business
M&S profit warning as sales slide
07 Jan 05 |  Business
No Christmas cheer for Ottakar's
06 Jan 05 |  Business
Festive sales flat at Woolworths
04 Jan 05 |  Business


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