82 409
Fashion Jobs
MICHAEL KORS
PT Sales Supervisor, Walt Whitman Shops Huntington Station NY 11746
Permanent · HUNTINGTON
JCREW
Associate Manager
Permanent · CHARLOTTE
RAG & BONE
Account Executive
Permanent · NEW YORK
RAG & BONE
Senior Coordinator, Retail Marketing
Permanent · NEW YORK
MACY'S
Manager, Asset Protection
Permanent · FRIENDSWOOD
MACY'S
Asset Protection Detective, Southlake Mall - Part Time
Permanent · CLAYTON
MACY'S
Asset Protection Detective - Multi-Store, South Shore Plaza - Full Time
Permanent · BRAINTREE
MACY'S
Asset Protection Lead Detective - Multi-Store, South Shore Plaza - Full Time
Permanent · BRAINTREE
MACY'S
Manager, Asset Protection - Multi-Store
Permanent · FAIRVIEW HEIGHTS
STAND OUT FOR GOOD
Brand Rep
Permanent · LEAWOOD
RALPH LAUREN
Associate Manager
Permanent · TEXAS CITY
RALPH LAUREN
Associate Manager
Permanent · LEEDS
RALPH LAUREN
General Manager
Permanent · ALBERTVILLE
RALPH LAUREN
General Manager
Permanent · WOODSTOCK
QVC
Area Manager- Fulfillment Center, Nights
Permanent · SUFFOLK
QURATE RETAIL GROUP
Area Manager- Fulfillment Center, Days
Permanent · FLORENCE
LEE
PT Keyholder, Ellenton, FL
Permanent · ELLENTON
SUPRO CONSULTING
Area Sales Manager - on Roll - Opening
Permanent · SALEM
URBN
Anthropologie Design Director
Permanent · PHILADELPHIA
SACK OFF 5TH
Merchandise Planner, Women’s Core/Trend/pl Shoes
Permanent · NEW YORK
HUGO BOSS
Employee Relations Specialist
Permanent · DALLAS
AMERICAN EAGLE OUTFITTERS
ae - Merchandise Leader (Part-Time) - us
Permanent · EDINBURGH
Published
May 23, 2018
Download
Download the article
Print
Text size

Topshop and Topman swing to loss as retail woes continue

Published
May 23, 2018

When it comes to Arcadia results, the question most people really want answered is ‘how well did Topshop do?’
And the answer came on Wednesday with news that Topshop – and its menswear sibling Topman – made a loss of nearly £11 million in the year to August 26. 


Topshop



Its latest set of accounts filed at Companies House showed that issues such as costs linked to leases on lossmaking stores, as well as lower turnover, transformed the prior year’s £59.4 million pound profit into a loss of £10.8 million for the 12-month period.

The revenue fall was significant too, dropping 6% to £933.6 million from £990 million. 

The news came just a week after Topshop owner Arcadia’s own parent company, Taveta Investments, had reported a 42% drop in profits and a 5.6% sales fall. And it seems that the bigger profit and sales drops at Topshop/Topman mean that the jewel in Arcadia's crown is also its biggest problem child at the moment.

But the company clearly isn't taking its problems lying down and last year ex-Burberry executive Paul Price was brought in to run the operation, while the company also changed key senior design staff.

We won't know for some time whether those changes have sparked any kind of improvement at Topshop more recently and we have few details about what actually went on last year. What we do know is that the retailer remains focused on exiting lossmaking stores and in the accounts, it said it has increased its provision for unprofitable locations from £730,000 to £4.2 million.

Copyright © 2024 FashionNetwork.com All rights reserved.