RNS Number:8613T
Alexon Group PLC
06 January 2004


For Immediate Release                                          6 January 2004



                                Alexon Group plc


                                 Trading update

Alexon Group plc announces that like-for-like sales for the six weeks ended 3rd
January 2004 were 1% lower than in the previous year.  The pattern of trade was
similar in all four divisions (Alexon Brands, Bay Trading, Dolcis, and
Menswear), sluggish pre Christmas sales being followed by a buoyant start to the
Winter sale. Stock levels are well under control and in line with plan.

Like-for-like sales for the 23 weeks ended 3rd January 2004 decreased by 1%,
with gross margins stronger than last year.   New outlets opened in the course
of 2003 also contributed strongly. We therefore anticipate that operating profit
before interest and goodwill amortisation for the year ending 31st January 2004
will be not less than #32.4m, an increase of 7% on the equivalent figure of
#30.3m in the prior year, and is in line with consensus forecasts.

The results for the year ending 31st January 2004 are expected to be announced
on 29th March 2004.


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


Buchanan Communications                                        020 7466 5000
Richard Darby





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