×
68 866
Fashion Jobs
BANANA REPUBLIC
General Manager - West Town
Permanent · Madison
ADIDAS
Key Account Manager
Permanent · Pittsburgh
CENTRIC BRANDS
Manager, Production
Permanent · New York
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Chevy Chase
Permanent · Chevy Chase
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Willow Grove
Permanent · Willow Grove
MACY'S
Asset Protection Captain, Lakewood Center - Full Time
Permanent · Lakewood
MACY'S
Celebrations Consultant
Permanent · Salem
MACY'S
Product Management Advisor
Permanent · New York
MACY'S
Asset Protection Detective, Summerlin - Full Time
Permanent · Las Vegas
MACY'S
Business Intelligence Workflow/Agent Tools Advisor
Permanent · Deerfield Township
MACY'S
Asset Protection Detective, Woodlands Mall - Full Time
Permanent · The Woodlands
MACY'S
Asset Protection Detective, Warwick Mall - Full Time
Permanent · Warwick
MACY'S
Asset Protection Detective, Fair Oaks - Part Time
Permanent · Fairfax
MACY'S
Asset Protection Detective, Redding mt Shasta - Full Time
Permanent · Redding
MACY'S
Asset Protection Detective, Natick Collection - Full Time
Permanent · Natick
NORDSTROM
Asset Protection - Security Ambassador - Miracle Marketplace Rack
Permanent · Miami
SALLY BEAUTY CORPORATE
Manager, Content Strategy And Operations
Permanent · Denton
ROSS STORES
Senior Financial Analyst, Store Finance
Permanent · Dublin
OLD NAVY
Manager – Product Creation Strategy
Permanent · San Francisco
OLD NAVY
Assistant General Manager, Merchandising - Boynton Beach
Permanent · Boynton Beach
L BRANDS
Senior Merchandise Planner
Permanent · Reynoldsburg
L BRANDS
Manager Merchandise Planning
Permanent · Reynoldsburg
Published
Dec 23, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Barbour sales fall in pandemic year but company is strongly profitable

Published
Dec 23, 2021

Barbour’s results for the year to the end of April showed that its revenues plunged during the period. But there was good news too as the company remains profitable and also said its performance showed the “strength and resilience” of its brands, as well as the long-term validity of the firm’s business model.


Barbour



Turnover fell to £218 million from £242.8 million but operating profit actually rose to £36.1 million from £35.1 million. Pre-tax profit also rose to £36.3 million from £35.8 million. And net profit for the year was £27.9 million, down only slightly from the £28.9 million of the previous year.

Despite its profitability, the revenue drop shows that the firm’s three brands — Barbour, Barbour International and the slightly younger Barbour Beacon that was launched in 2018 — still suffered during the period as the pandemic rewrote the rules of shopping for clothing. The company said that margins were down as well.

It said its operating profit figure represented "a steady performance", as well as showing its financial resilience and ability to manage costs "closely and appropriately". And with impressive understatement it added that its balance sheet remains "relatively strong", with cash held in the business reducing to £95.4 million, although this was only slightly down on the £97.4 million of the previous year. This is important because it allows it to protect the things that matter like its customer service, it's long-term objectives and partnerships, as well as allowing it to invest for the future.

And the company is planning further investment in technology and sustainability because, despite the current uncertainty and market contraction, it's confident in the long-term growth of the business.

It sees huge opportunities around the world and said it continues to invest and grow in the European Economic Area, despite the challenges that Brexit has created.

Copyright © 2022 FashionNetwork.com All rights reserved.