UK: Debenhams FY Profit Up 123% To £238.6m
Department store chain Debenhams has reported a 123 per cent hike in annual profit and said it is optimistic on future growth.
Full-year pre-tax profit totalled £238.6 million compared with £107.0m the year before, while trading profits rose 49.0 per cent to £254.2m.
Net sales for the year grew 9.7 per cent to £2.09 billion, with UK department stores' UK market share rising to 18.6 per cent from 16.4 per cent last year. Same-store sales edged up 2.8 per cent.
Demand for the Designers at Debenhams collections was especially strong, the company said.
Debenhams, which was taken private by CVC Capital Partners, Texas Pacific Group and Merrill Lynch Global Private Equity in December 2003, stated it has "no definitive plans" to relaunch on the stock market.
Speakers at this year's ASBCI conference defined the changing landscape of global sourcing and spelt out sourcing options in new world of open trading. They agreed that branding, product differentiati...
Thai Garment Export Co Ltd is Thailand's largest clothing producer. It turns over an FOB value of US$170 million a year and employs 9,500 people. It is a wholly-owned subsidiary of the Hong Kong based...
The UK middle market in clothing could soon cease to exist according to new research. The traditional mass market is being squeezed by value-led retailers on the one hand and smaller fashion multiples...
Fashion designer Ozwald Boateng and his company Bespoke Couture have won a drawn-out court battle with Marchpole Holdings over a licensed diffusion line....
The ex-boss of collapsed department store chain Allders is in discussions to take over the lead of supermarket giant Tesco's clothing division, according to a report in The Sunday Times newspaper....
Upmarket department store Liberty has announced the banning of fur items from its store following mounting pressure from animal rights campaigners....
Department store operator Debenhams is planning to grow its business into India, and is also considering expanding into the Chinese market....
Department store chain James Beattie has confirmed that it has received a second bid approach for its business, following its agreement to be bought by competitor House of Fraser for £69.4 million. ...
- Why do modern robotics elude sportswear makers?
- Traditional financing is a misfit for fast fashion
- Trump trade policy – Who knows what he'll do?
- Planning is key to an effective inventory strategy
- How would end of NAFTA affect US apparel industry?
- US Q3 in brief - G-III Apparel, Express
- Bagir exports first trousers for H&M from Ethiopia
- Film documents Cambodia garment workers' stories
- Esquel efficiency drive continues to boost brands
- Pakistan suspends India cotton imports
- Outdoor performance apparel 2016: A broader perspective
- Global market review of lingerie – forecasts to 2022
- Global apparel markets: product developments and innovations, October 2016
- Footwear Top 5 Emerging Markets Industry Guide_2016
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack