×
4 500
Fashion Jobs
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Stratford (Westfield)
Permanent · London
LEVI'S
Keyholder - 30 Hours Per Week
Permanent · Norwich
L'OREAL GROUP
Prada Beauty Deputy Business Manager, 1.0, Harrods London
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Marks & Spencer - 15 Hours
Permanent · London
ESTÉE LAUDER
Clinique - Account Manager - Boots - 30 Hours
Permanent · Berkshire
ESTÉE LAUDER
Clinique - Consultant - John Lewis - 13 Hours
Permanent · High Wycombe
AESOP
Retail Consultant | Aesop Piccadilly Arcade, London | Full Time
Permanent · London
TK MAXX
Security And Loss Prevention Advisor
Permanent · Preston
TJX EUROPE
Brand & Marketing Administrator
Permanent · Grand Londres
TK MAXX
Loss Prevention Advisor - Glasgow And Surrounding Area - Full-Time- Permanent
Permanent · Glasgow
TK MAXX
Loss Prevention Officer - Permanent - 2 x pt 20hrs Bedford Town
Permanent · Bedfordshire
FARFETCH
Senior Performance Marketing Executive (DACH Region) – Affiliates And Growth Partner Marketing
Permanent · LONDON
RALPH LAUREN
Sales Professional
Permanent · London
RALPH LAUREN
Sales Professional
Permanent · London
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Brand Representative, Shepherd’s Bush (Westfield)
Permanent · London
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Brand Representative, Trafford
Permanent · Manchester
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Princesshay
Permanent · Exeter
MULBERRY
Warehouse Team Leader
Permanent · SHEPTON MALLET
MULBERRY
Senior Retail Operations Manager UK & Emea
Permanent · LONDON
H&M
Security Guard
Permanent · MILTON KEYNES
LOVISA
Regional Manager
Permanent ·
EVERLAST GYMS
Assistant General Manager - Everlast Fitness
Permanent · DENTON
Ads
Published
Feb 8, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Aspinal of London upbeat despite Covid sales fall, online grows

Published
Feb 8, 2022

Aspinal of London’s full-year accounts (for the period to last March) showed the luxury leathergoods company battling through some tough times and transforming itself from a physical retailer into a much healthier mainly-online one.


Aspinal of London



Sales revenue in the year fell 31% to £23.1 million and adjusted EBITDA dropped to £3.4 million from £5.8 million. But net profit rose to £4.3 million from a loss of £10.1 million in the previous year. And it saw an 8% uplift in the gross margin.

During the year, the company closed all of its stores except its London flagships in Regent Street, Royal Exchange, Harrods and Selfridges. But importantly, it also opened its first franchise store in the key Chinese market.

In addition, it made cost savings and in October 2020 entered into a company voluntary arrangement that allowed it to exit those loss-making stores and negotiate turnover-based rents on its remaining locations.

The company said that despite the impact of the pandemic on the luxury sector, its business — specifically its online ops — continued to perform very strongly with significant double-digit growth in e-sales. In fact, with 85% of the business now online, that bodes well for the future.

And the company said that “the transformation of Aspinal into a profitable, cash generative online business has now been successfully completed”.

And it believes it’s on track “for further substantial EBITDA growth for FY 2022 based on actuals to date”. Direct retail sales for the first six months of the new financial year tracked 29% higher than the previous year on a like-for-like basis.

Copyright © 2023 FashionNetwork.com All rights reserved.