Formal menswear retailer Moss Bros have benefited from record suit hire sales over the course of the last year.
The suit hire arm of the firm has enabled the menswear retailer to narrow its losses margin after it reported company losses for two years in a row. However the boom in suit hire revenue meant Moss Bros was able to report better than predicted figures.
In 2009 Moss Bros reported losses of £3.9 million, while the figure had decreased to £2.7 million over the course of the last year, buoyed principally by the upturn in suit hire revenue.
Moss Bros suit hire has seen a major rise in suit hire figures following the collapse of two rival companies namely Suits You and Speciality Retail Group, Young’s Hire.
The menswear specialist offers suit hire for all occasions including weddings and corporate events, plus race dates such as Royal Ascot and the Grand National. Moss Bros offer affordable suit hire rates with package deals offering complete suits with shirts and waistcoats for a great rate.
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