AXN Alexon Grp.

RNS Number:9611O
Alexon Group PLC
04 January 2007


For Immediate Release                                             4 January 2007


                                        
                                Alexon Group plc
                                       
               Trading update - 22 weeks ended 30th December 2006

Alexon Group plc announces that, following the disposal of Dolcis, like-for-like
sales for the remainder of the Group for the 22 weeks ended 30th December 2006
were 4% down on the previous year. Margins were 1% lower, reflecting the need
for greater markdown activity than in the prior year. As a consequence overall
stock levels are in line with plan.

There was a mixed performance across the Group's divisions. Sales for Alexon
Brands were 5% down like-for-like, on margins 2% lower. Whilst Eastex and Dash
have performed well, poor range acceptability on Alex & Co and Minuet has
resulted in aggressive markdowns in order to clear stock. Bay Trading sales were
2% down like-for-like, although the margins were stronger. Menswear
like-for-like sales were 1% down, reflecting stronger trading in December, on
margins level with the prior year.

We anticipate that operating profit before interest for the 52 weeks ending 27th
January 2007 will be in line with market forecasts. The Preliminary Results are
expected to be announced on 2nd April 2007.

For further information, please contact:

Alexon Group Plc                     01582 723131
John Osborn, Chief Executive
Robin Piggott, Finance Director

Buchanan Communications              020 7466 5000
Richard Darby, Nicola Cronk





                      This information is provided by RNS
            The company news service from the London Stock Exchange

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