Danish fashion giant Bestseller's results for the 2019/20 year were better than expected, despite “massive challenges” this spring. But it said that it will need "significant hard work to get back to where we were".
The Spanish retail group behind clothing brands Cortefiel and Women’Secret has announced plans to rival online marketplaces like Zalando and Asos with the launch of third-party brands across its e-commerce stores.
Vero Moda and Jack & Jones owner Bestseller has said that it made “an unexpected profit” in the latest year, despite the pandemic. The better-than-expected outcome means it will avoid its first-ever annual loss.
Bestseller said it has ended printed NOOS (‘never out of stock’) B2B catalogues for Vero Moda with the label “having gone ‘all in’ on their digital transformation. A shift that benefits colleagues and customers”.
Danish fashion retail giant Bestseller released its full-year results on Monday and the numbers showed a business that’s continuing to drive sales upwards but is still facing the same challenges as its peers.