×
2 440
Fashion Jobs
PUMA
Cobra Puma Golf - Sales Support Coordinator
Permanent · Castleford
JOHN LEWIS
Loss Prevention Partner
Permanent · LEICESTER
HEAD OFFICE
Team Manager/Chef Victoria Head Office
Permanent · LONDON
VF INTERNATIONAL
Account Coordinator - Italian Speaking - Vans
Permanent · NOTTINGHAM
VF INTERNATIONAL
dc Training Specialist
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
DR. MARTENS
Finance Analyst
Permanent · LONDON
MULBERRY
Lifetime Service Centre, Raw Materials Stock Coordinator
Permanent · CHILCOMPTON
AUTUMNPAPER LIMITED
Alexander Mcqueen Vip Officer
Permanent · LONDON
AUTUMNPAPER LIMITED
Alexander Mcqueen Decision Intelligence Manager
Permanent · LONDON
ON RUNNING
Technical Representative
Permanent · LONDON
DEBENHAMS
Business Development Manager
Permanent · LONDON
REISS
Digital Content Editor
Permanent · LONDON
HEAD OFFICE
Buyer l7 – Vegetarian & Vegan
Permanent · BRACKNELL
HEAD OFFICE
Programme Manager Customer & Marketing
Permanent · LONDON
HEAD OFFICE
Process Manager – Treasury Operations
Permanent · BRACKNELL
MULBERRY
Commercial Finance Analyst
Permanent · LONDON
MULBERRY
Email & CRM Marketing Executive
Permanent · LONDON
MULBERRY
Warehouse Operative
Permanent · SHEPTON MALLET
BOOHOO GROUP
Commercial Finance Analyst
Permanent · MANCHESTER
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
Ads
Published
Sep 24, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

River Island profits fall as firm invests for future, online surges

Published
Sep 24, 2018

Investment spend and changing business conditions dented River Island profits in its latest financial year, a report said on Monday. While the results for the 2017 financial year aren’t due to be filed until later this month, The Telegraph said the retailer’s operating profits fell by over £55 million.


River Island



The 40% plunge from £135.7 million to £80.6 million came as CEO Ben Lewis said that stores remain a hugely important part of the business, despite a shift online.

The company has been focusing on its multichannel offer and has been investing in stock, distribution and technology to do this.

But despite this, and against a background of a tough market, sales fell by 3% to £944.5 million, even though the company added eight physical shops in the UK to bring its worldwide estate up to 326 locations. However, Lewis said the company held on to its market share and also grew its online sales.

“Despite some of the challenges we have a strong belief in what we are doing, our brand and product proposition, and we are investing in the changes taking place in consumer behaviours to make sure that we stay at the forefront of customers’ minds,” he was quoted as saying.

There were some bright spots in the results with the company seeing major success for its handbags offer and it reported a 33% increase in sales fulfilled via click & collect, while m-commerce leapt 23%.

Even though online is the fastest-growing part of the business, Lewis stressed that physical stores are key for serving multichannel customers and the firm’s click & collect success certainly underlines that fact.

Copyright © 2022 FashionNetwork.com All rights reserved.