January 16, 2020 / 7:39 AM / a month ago

CORRECTED-Moss Bros forecasts full-year loss as rivals' discounts bite

(Corrects headline and first paragraph to say that discounting was done by Moss Bros’ rivals, not the company)

Jan 16 (Reuters) - Moss Bros Group Plc expects to report an annual pretax loss, as the British suit retailer was hurt by fewer customers visiting its stores and as its rivals offered deep discounts to attract customers.

The company on Thursday said it expects to report a full-year adjusted pretax loss of about 1 million pounds ($1.30 million) and said that sales in the 24 weeks to Jan. 11 were 3% lower than last year.

$1 = 0.7667 pounds Reporting by Rishika Chatterjee in Bengaluru; Editing by Bernard Orr

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