×
2 316
Fashion Jobs
REISS
Marketing Manager
Permanent · LONDON
ESTEE LAUDER
The Estée Lauder Companies - HR Partner, Retail - Maternity Cover
Permanent · London
HEAD OFFICE
Various CRM Roles Within John Lewis Financial Services
Permanent · LONDON
AUTUMNPAPER LIMITED
Alexander Mcqueen CRM Campaign Manager
Permanent · LONDON
BOOHOOMAN
CRM Assistant
Permanent · MANCHESTER
JOHN LEWIS
Loss Prevention Partner
Permanent · BRISTOL
JOHN LEWIS
Loss Prevention Partner
Permanent · EXETER
JOHN LEWIS
Loss Prevention Partner
Permanent ·
LRM GOODS
Marketing Manager
Permanent · GUILDFORD
VF INTERNATIONAL
dc Training Specialist
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
ESTEE LAUDER
Clinique - Consultant - John Lewis, Cambridge - 21 Hours - Part Time - Permanent
Permanent · Cambridge
ESTEE LAUDER
Clinique - Consultant - Boots, Horsham - 13 Hours - Part Time, Permanent
Permanent · Horsham
ESTEE LAUDER
Clinique - Consultant - Boots, Crawley - 13 Hours - Part Time, Permanent
Permanent · Crawley
ESTEE LAUDER
Clinique - Consultant - Boots, Oxford Street - 22.5 Hours - Part Time, Permanent
Permanent · London
ESTEE LAUDER
Clinique - Consultant - Boots-Hampton, Peterborough - 11 Hours - Part Time, Permanent
Permanent · Peterborough
ESTEE LAUDER
Clinique - Consultant - Heathrow, Terminal 4 - 18 Hours / 3 Days - Part-Time, Permanent
Permanent · Longford
ESTEE LAUDER
Clinique - Consultant - Boots, Ballymena - 9.5 Hours / Week - Part Time, Permanent
Permanent · Ballymena
ESTEE LAUDER
Mac Cosmetics -Media And Advertising Manager
Permanent · London
ESTEE LAUDER
Clinique - Consultant - Boots, Oxford - 24 Hours - Part Time, Permanent
Permanent · Oxford
ESTEE LAUDER
Clinique - Consultant - Marks & Spencer – Manchester, Handforth - 15 Hours / 3 Days, Part-Time, Permanent
Permanent · Manchester
ESTEE LAUDER
Clinique - Consultant - Marks & Spencer – Lisburn - 15 Hours / 3 Days, Part-Time, Permanent
Permanent · Lisburn
Ads
Published
Sep 26, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Oasis-Warehouse turnaround starts but still a work in progress

Published
Sep 26, 2019

The tough trading backdrop continues to colour results for The Oasis and Warehouse Group with the year to March 2 showing the firm is still in turnaround mode. But at least pre-tax profit was £1.6 million, much better than a loss of £10.1 million the previous year.


Oasis



The company, which is owned by failed Icelandic bank Kaupthing, said total sales rose 6.5% to £293.2 million as it was a 53-week year, but  in the comparable 52 weeks to March 2, total sales dropped 2% to £270 million.   

But there were some bright spots as that pre-tax profit figure quoted above shows. Additionally, like-for-like sales were up ever-so-slightly (0.2%) and there was welcome news regarding online sales as they rose 17%. Given that they now account for as much as 30% of total turnover, that was encouraging.

The two brands, which are led by Hash Ladha and have 575 stores between them (109 directly-operated and the rest concessions), faced a retail environment that was tough during the period. 

But while it’s closing some stores, it also has opening plans and will open more concessions in Sainsbury’s supermarkets as that chain becomes a more important fashion destination. It currently has five Sainsbury’s sites up and running.

And Ladha said that while he doesn’t expect conditions to materially improve in the medium term, the continued focus on efficiencies and its recovery strategy "positions us well for the future.” He also said Brexit continues to create uncertainty for the fashion sector and is denting consumer spend.

The company recently moved into menswear for the first time, acquiring The Idle Man, the five-year-old multi brand and own-brand menswear retailer. This should boost results as it takes the group into a segment with strong growth prospects and also adds to its booming online business.

Copyright © 2022 FashionNetwork.com All rights reserved.