Blog: Leonie BarrieImpressive advances at Arcadia

Leonie Barrie | 24 October 2003

Going back to basics has paid of handsomely for retail entrepreneur Philip Green who has almost doubled annual profits at the Arcadia clothing group which he acquired 10 months ago.

His ability to improve profit margins and cut costs through clever sourcing – or squeezing suppliers as it’s otherwise known – is legendary. And by restructuring the group to effectively create eight different business units around the Arcadia brands – which include Dorothy Perkins, Burtons, Miss Selfridge, Evans, Top Shop, and Top Man – he has speeded up decision-making as well as improving stock control and reducing discounts.

Pitching these different brands against each other is perhaps the ultimate triumph, and the results speak for themselves. Most impressively, Green has repayed £400 million of the £807 million acquisition cost three years ahead of schedule, in the process proving that his somewhat maverick style delivers results, fast.

BLOG

US border tax a contentious issue

Fresh from their disappointment at seeing the Trans-Pacific Partnership (TPP) free trade deal abandoned last month with an executive order by President Donald Trump, the US apparel and footwear sector...

BLOG

Primark's sustainable cotton programme takes shape

With the ultimate aim of ensuring all the cotton in its products is sourced sustainably, value clothing retailer Primark is adamant that having a business model focused on offering the lowest prices o...

BLOG

Trump administration starts to shake up trade

Last week we marked the inauguration of Donald Trump as the 45th president of the United States by taking a closer look at what's at stake for the textile and apparel trade – especially his promises t...

BLOG

Likely shifts in the sourcing landscape in 2017

Continuing our look at what lies ahead for the apparel industry and its supply chain in 2017, the panel of industry experts consulted by just-style last week tackled likely shifts in the sourcing land...

just-style homepage



Forgot your password?