×
2 765
Fashion Jobs
HARRODS
Buyers Clerk - Furniture And Bed & Bath
Permanent · LONDON
HARRODS
Senior Buyers Clerk - Fine Watches & Jewellery, Homeware & Furniture
Permanent · LONDON
VF INTERNATIONAL
Credit Controller - Italian Speaking
Permanent · CALVERTON
VF INTERNATIONAL
Credit Controller
Permanent · CALVERTON
BOOHOO GROUP
Site Operations Manager
Permanent · BURNLEY
SHISEIDO
Shiseido Assistant Business Manager - Harrods (37.5 Hours)
Permanent · London
BOOHOO GROUP
Senior Site Operations Manager
Permanent · BURNLEY
HARRODS
Food Supply Coordinator
Permanent · LONDON
HEAD OFFICE
Social Marketing Manager
Permanent · LONDON
HEAD OFFICE
Service Operations Manager
Permanent · BRACKNELL
HEAD OFFICE
Social Marketing Performance Manager
Permanent · LONDON
DR. MARTENS
Logistics Finance Manager
Permanent · LONDON
MULBERRY
Junior Product Manager
Permanent · LONDON
MULBERRY
Warehouse Operative
Permanent · SHEPTON MALLET
HARRODS
Aftercare Consultant
Permanent · LONDON
SELFRIDGES
Lead Tech Business Analyst - Customer And Omnichannel
Permanent · LONDON
SELFRIDGES
Senior Tech Business Analyst - Customer And Omnichannel
Permanent · LONDON
ESTEE LAUDER
Clinique - Consultant - Selfridges, London - 22.5 Hours/Week - Part Time, Permanent
Permanent · Londres
BOOHOO GROUP
Warehouse Operative - Any 5 in 7, 06:00 - 14:00
Permanent · CRICK
BOOHOO GROUP
Warehouse Operative - Boohoo Group (Pretty Little Thing)
Permanent · SHEFFIELD
AESOP
Retail Consultant | Full Time | Aesop Northcote Road, London
Permanent · London
AESOP
Retail Consultant | Part Time | Aesop Northcote Road, London
Permanent · London
Published
Nov 28, 2013
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Bestseller 'unsatisfied' with 2012/2013 earnings increase of 6%

Published
Nov 28, 2013

Danish group Bestseller – parent to brand Vero Moda, Jack&Jones and Only – has said it is unsatisfied with its 2012/2013 end of year results, despite posting a 6% increase in sales to 2.6 billion euros and a net profit of 192 million euros, up 17% on the previous year.


Though the group managed to post a sales increase despite a highly competitive market, Bestseller said that its performance was ‘unsatisfactory considering [our] expectations’, with factors including logistics and the group’s stores cutting into profits.

Results did not meet expectations and investments in logistics, technology and stores had cut into profit. Bestseller also encountered problems in its South European, Middle Eastern and Indian market.

Though the group reported healthy results in terms of wholesale, the annual report states that retail earnings were unsatisfactory.

"It is important that we invest more in developing our retail business. We need to be faster at delivering our products to the stores,” said CEO Anders Holch Povlsen. “This requires a sharp focus and a close cooperation with our store partners and suppliers to simplify and streamline our procedures. All in all, we must focus on reducing our costs throughout the entire value chain to ensure a healthier balance between revenue and expenses," he continued.

Copyright © 2022 FashionNetwork.com All rights reserved.