Menswear retailer Moss Bros like-for-likes jumped 8.2% in the 15 weeks to May 14, despite being up against tough comparatives this time last year.

Total sales for the continuing business “continued to perform well”, surging 12.9%.

Like-for-like gross profit was up 9.8% in the period.

Moss Bros said: “The business continues to make good progress in tough market conditions, but the Board is mindful of the macro-economic environment and its impact on consumer spending. 

“We therefore remain cautious about the outlook for the year ahead but are confident of our medium term growth prospects.”

Moss Bros said it has successfully disposed of its Hugo Boss franchise stores, with £5.1m cash received in respect of stock.

The retailer said the remaining £12.3m will be received on the successful assignment of store leases to Hugo Boss.

The new Moss Bros trial store format opened in the period, offering hire, retail and bespoke under one roof for the first time, in Canary Wharf.

Moss Bros said it does not need to renew its £5m banking facility and is debt free.

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