Alexon trade collapse

The UK retail company Alexon Group Plc, which operates Dolcis and Bay Trading fashion chains, has warned the the fall of the Allders department store group could cause the company's earnings to drop by GBP 3 million this year.

Alexon owned 118 Allders-based concessions and has already lost GBP 2.2 million from money owed and fixtures write-downs. Profits for the year ending 29 January 2005, Alexon profits dropped to GBP 26.9 million from GBP 29.4 million the year before.The company also reported a 1.3 per cent decrease in same-store sales for last year.