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Examples
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Luton-based Alexon, which is also reportedly considering a multi-million cash call to investors in a bid to reverse its fortunes, returned to profit in the year to January.
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Mothercare is the latest in a string of store groups - such as Alexon and HMV - to issue profit warnings.
Telegraph.co.uk - Telegraph online, Daily Telegraph and Sunday Telegraph 2011
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The group, which largely sells its labels such as Alexon, Ann Harvey, Eastex and Minuet
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The resultant downturn in consumer spending has put the retail sector in the frontline with home improvement chain Focus DIY, department store chain TJ Hughes and fashion brands Alexon and Jane Norman among the well-known names that have fallen into administration.
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Add to that the woes at women's clothes chain Alexon and jeweller Theo Fennell and the bad news stacks up like brown envelopes after the Christmas break.
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It spoke in a dozen places, out of empty air, in Malacon and Alexon and Adebron.
Empire Clifford D. Simak 1946
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Alexon, which has six brands available in more than 990 outlets in the UK and Europe, said same-store sales fell 9% in the first three weeks of August and that it now expects its full-year profits to be "well below" expectations.
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Elsewhere, Alexon reported strong growth in its online division, which was up 118% in the first half of the year, although it makes up 8% of the business.
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Looking ahead, Alexon said the downward trend in August did improve slightly, slowing to a 1% drop in like-for-like sales in the last week of the month.
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A judge is tomorrow expected to give the go-ahead for the stricken chain to be bought by US-backed private equity firm Sun European Partners, which also owns the Alexon and Jacques Vert brands, according to the Sunday Telegraph.
The Full Feed from HuffingtonPost.com Paul Vale 2012
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