78
Fashion Jobs
ADIDAS
Customer Fulfillment Senior Manager, See
Permanent · ATHENS
BEIERSDORF
Sales Representative North Greece (Based in Thessaloniki)
Permanent · ATHENS
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · THESSALONIKI
L'OREAL GROUP
Senior Product Manager Maybelline – Consumer Products Division
Permanent · NEA IONIA
CLINIQUE
Consumer Marketing Manager, Clinique
Permanent · ATHENS
LA MER
Consumer Marketing Executive, LA Mer
Permanent · ATHENS
TOM FORD
Consumer Marketing Manager Tom Ford
Permanent · ATHENS
L'OREAL GROUP
Beauty Advisor
Permanent · THESSALONIKI
L'OREAL GROUP
Nyx pm Beauty Advisor (Attiki)
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · CHALANDRI
ESTÉE LAUDER COMPANIES
Fixed Assets & Decorations Supervisor
Permanent · ATHENS
SEPHORA
Accounting
Permanent · ATHENS
SEPHORA
Category Specialist
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων (Mare West) - Μερική Απασχόληση
Permanent ·
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · PIRAEUS
H&M
Hiring Day Chania - Sales Advisors
Permanent · CHANIA
MAD LORDS
Sales Assistant Scorpios Mykonos
Fixed-term · MYKONOS
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · MAROUSI
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων (Metro Mall) - Μερική Απασχόληση
Permanent · AGIOS DIMITRIOS
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · KALAMATA
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · NEA IONIA
Published
Sep 19, 2019
Reading time
2 minutes
Download
Download the article
Print
Text size

Investment dents River Island profits, online shift hits sales

Published
Sep 19, 2019

River Island has reported declining profits for its 2018 financial year with operating profit down to £35 million from £80 million a year earlier. Revenues dropped too, falling by £25 million to £919 million.


River Island



But the company is confident about its prospects, despite the tough market, and part of its profit decline was caused by investment for the future.

Outgoing CEO Ben Lewis said the company believes in the future of the store and is investing in physical spaces to make them suitable for an omnichannel world with a mix of new openings, upgrades and enlargements.

The company has 300 stores altogether, 270 of them in the troubled UK market, but it still has plans to add to that total, although it wants to ensure that it gets good rent deals, both for its new spaces and any legacy leases.

Profits were also dented by higher business rates and the need to put cash into the business, but what caused the sales decline? Lewis cited the fact that shoppers are moving online, although he didn’t elaborate on that.

But at least the company is seeing growth online itself, as well as growth through its wholesale partners.

However, Lewis also said the firm isn’t seeing any change in the tough conditions in the market and that fashion retailers will continue to be squeezed for the foreseeable future.

Lewis, who’s the nephew of the firm’s founder, will step down at the end of the month as ex-Wiggle and White Company exec Will Kernan takes over. However, he will remain on the board.

Copyright © 2024 FashionNetwork.com All rights reserved.