AXN Alexon Grp.

RNS Number:1649X
Alexon Group PLC
24 May 2007


For Immediate Release                                                24 May 2007


                                Alexon Group plc
                                        
                                        
                          Interim Management Statement


At today's AGM, Alexon Group will make the following statement:


Trading performance has changed little since the Preliminary Announcement on 2
April 2007. Group like-for-like sales in the 16 weeks to 20 May 2007 are level
with the prior year, on stronger gross margins. Sales have however shown some
softening in the past two weeks - we believe this to be weather related.


Bay Trading continues to trade well, with sales and margins well ahead of last
year. The shop opening programme is proceeding well and 15 new shops have
already been agreed for opening during the course of the current financial year.


The action taken to improve range acceptability within Alexon Brands is
beginning to take effect but the full benefits will not be seen until the second
half. Reaction to the latest deliveries of merchandise across all brands is
encouraging.


Menswear sales and margins are continuing to show improvement. This reflects
work done to make the own-brand ranges more commercial, and to strengthen the
branded offer within Envy, which is regaining credibility as a branded fashion
retailer. The Board have concluded that it is an opportune time to review the
options for the menswear business and Hawkpoint Partners have been appointed to
undertake this review.


The interim results for the 26 weeks to 28 July 2007 will be announced on Monday
24 September 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, Susanna Gale





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