Alexon at pounds 2.9m after Dolcis loss

Alexon at pounds 2.9m after Dolcis loss

PROFITS AT women's fashion retailer Alexon fell from pounds 5.6m to pounds 2.9m as Dolcis, the shoe chain, bought from Sears last year, reported a pounds 4.4m operating loss. Luton-based Alexon said that the streamlining of Dolcis and the broadening of its product range would only begin to reap benefits in the second half of year.

The group, whose pre-tax profits for the 26 weeks to 1 August (excluding Dolcis) rose 24 per cent to pounds 6.9m, also said it was planning to open 12 stores under its Ann Harvey and Kaliko banners during the year. Ann Harveyspecialises in larger-fitting womenswear, while Kaliko, caters mainly for women in their thirties. The new stores will be "greenfield" openings, said a spokesman.