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Alexon profits alert.


BAY Trading owner Alexon has added its name to the growing list of retailers feeling the pressure from the slide in consumer confidence.

The Luton-based group, which also sells the brands Alex, Dash and Ann Harvey Ann Harvey (1811 – 1860) was a fisher and rescuer born near the small fishing community of Isle aux Morts, Newfoundland, Canada. Harvey, called "Grace Darling of Newfoundland", is known for her bravery at the young age of seventeen for rescuing, along with her father, younger , said it was unlikely that pre-tax profits for the year to the end of January will reach current market expectations.

It said like-for-like sales Like-for-Like Sales

The portion of current sales achieved through activities that are comparable to the activities of the previous year.

Notes:
Using like-for-like sales is a method of valuation that attempts to exclude any effects of expansion, acquisition, or other
 in the 18 weeks to December 1 were 7% down on the prior year.

If trading conditions continue to be difficult, it said pre-tax profits were likely to be in the range of pounds 11.5m to pounds 12.5m, compared with forecasts of pounds 15.4m.
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Publication:Daily Post (Liverpool, England)
Date:Dec 7, 2007
Words:107
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