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

Trump trade probe could have costs for cotton

An International Trade Commission hearing got underway last week as part of the Trump administration's probe into China's intellectual property practices under Section 301 of the 1974 Trade Act. The a...

BLOG

Stop negotiating and bring in the engineers

Surviving in a declining market is the biggest challenge for discount/mass-market retailers and suppliers of commodity products such as basic T-shirts, hoodies or cotton men's shirts – which is why it...

BLOG

The implications of buyer purchasing practices

New research has delved into one relatively underexplored aspect of global supply chains: how buyer purchasing practices impact wages and working conditions....

BLOG

just-style readership survey 2017 – Final reminder

We’re currently carrying out a survey to get a better understanding of the issues that matter the most to our readers, and how we can better serve you in the future. ...

just-style homepage



Forgot your password?