Shoppers are ‘dressing up again’ in Moss Bros menswear. This latest trend upsurges Moss Bros’s overall profit percentage by 63%, bringing EBITDA of £36m.
Like other formal wear brands, the Pandemic largely impacted Moss Bros London and other branches. Following this, it experienced the shutting down of stores, limited customer gatherings, and cancellation of orders due to raw material shortage.
However, the Pandemic has barely impacted its profit. That’s why 2023 is also a year of ‘strong profit’ for Moss Bros like the previous year. According to the Company House filing, currently, it accommodates 151.6 million pounds in its treasure box.
Established in 1851, Moss Bross has become UK‘s No.1 Menswear brand. From its Moss Bros shirts to wedding suits, it has experienced the biggest expansion into the UK’s marketplace.
Currently, it has expanded with the opening of five new stores. Moreover, its super fast website gives a boom in the sale, bringing more revenues. Also, this clothing brand has decided to upscale this expansion by opening 10 new stores in the coming years.
Apart from all this global expansion, Moss Bros returns and refund policy is quite flexible. Moreover, Moss Bros hire only competent staff to offer a seamless customer experience.
Hence, if you’re looking for a perfect fit suit jacket or anything else, you can visit Moss Bros Manchester, Bristol, Ashford, or any other local branch.
Addressing this spike of 63%, Moss Bros Chief Executive said: “I was never in doubt that people would welcome the opportunity to dress up again, especially with the inevitable demand from the weddings, races, proms, and black-tie dinners.”