82 426
Fashion Jobs
SACK OFF 5TH
Asset Protection Uniform Guard
Permanent · PARAMUS
SACK OFF 5TH
Asset Protection Investigator
Permanent · SHREWSBURY
SACK OFF 5TH
Fulfillment Associate Part-Time
Permanent · LAWRENCEVILLE
NGG
Sales Supervisor
Permanent · NEW YORK
COTY
Assistant Marketing Manager, us Luxury - Burberry Makeup
Permanent · NEW YORK
NORTH CAROLINA STATE
Enterprise Research Administration Training Manager
Permanent · RALEIGH
NORTH CAROLINA STATE
Academic Coordinator
Permanent · RALEIGH
CENTRIC BRANDS
(Assistant) Manager, Logistics (Origin Carriers)
Permanent · NEW YORK
CENTRIC BRANDS
Keyholder, Robert Graham - Scottsdale
Permanent · SCOTTSDALE
CENTRIC BRANDS
Keyholder, Robert Graham - Las Vegas (Forum Shops)
Permanent · LAS VEGAS
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
Published
Jun 17, 2013
Download
Download the article
Print
Text size

Ben Sherman sees first quarter sales drop by 30%

Published
Jun 17, 2013

British brand Ben Sherman, part of American group Oxford Industries, suffered a tough year in 2012 with the departure of chief executive officer Pan Philippou and a drop in sales of 10%. 2013 does not look to be getting off to any better of a start.

Visuel: Ben Sherman


For its first quarter ended May 4, net sales at the brand fell by 30% to 9.1 million euros (12.2 million dollars). Operational losses have almost doubled over the past year, now weighing in at 3.6 million euros (4.8 million dollars) against 2 million the previous year. Thomas Chubb, CEO of the group said: “With respect to Ben Sherman, we have realigned the leadership team and are pleased with the progress they are making on cost control as well as on the quality of our assortments and distribution.”

According to the boss, the management reshuffle will start to reap rewards in the second semester, bearing in mind that the company endured six months without a CEO before Mark Maidment took on the role.

Aside from Ben Sherman, Oxford Industries (Lilly Pulitzer, Tommy Bahama…) is faring well given the industry conditions. Overall, revenue saw a slight increase to 175 million euros during the first semester. Profit fell by 18% but remains positive at over 20 million euros. For the full year forecast, the group is expecting to make 700 million euros in sales against 641 million euros last year.

Copyright © 2024 FashionNetwork.com All rights reserved.