Children’s wear retailer Pumpkin Patch boosted its full-year profit despite a double-digit revenue fall, but voiced confidence in the strength of the brand.
The New Zealand-based company said its focus on inventory, margin and cost management initiatives, as well as a two-year-long restructuring process, had brought about the enhanced profitability.
“During the year, the company faced subdued market conditions across most of its global markets,” said the company.
“While conditions in all markets are expected to remain challenging in the short term, the strength of the Pumpkin Patch brand will ensure the company benefits when trading conditions improve.”
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