×
60 321
Fashion Jobs
ABERCROMBIE AND FITCH CO.
Abercrombie & Fitch - Manager in Training, Victoria Gardens
Permanent · Rancho Cucamonga
ATHLETA
General Manager - Santana Row (New Store)
Permanent · San Jose
NEIMAN MARCUS
Senior Director, General Manager, Palo Alto
Permanent · Palo Alto
ROSS STORES
Store Protection Specialist
Permanent · Hyattsville
MACY'S
Asset Protection Detective, Santa Anita - Standard Part Time
Permanent · Arcadia
MACY'S
Asset Protection Security Guard, The Market at West Bend - Part Time
Permanent · Tarrant
MACY'S
Asset Protection Security Guard, Herald Square - Full Time
Permanent · New York
MACY'S
Asset Protection Detective, Roosevelt Field - Part Time
Permanent · Garden City
MACY'S
Asset Protection Detective, City Creek Center - Full Time
Permanent · Salt Lake City
MACY'S
Asset Protection Detective, Pentagon City - Full Time
Permanent · Arlington
MACY'S
Asset Protection Detective, Serramonte - Full Time
Permanent · Daly City
MACY'S
Asset Protection Security Guard, San Francisco Union Square - Full Time
Permanent · San Francisco
MACY'S
Asset Protection Security Guard, Brea - Flex
Permanent · Brea
MACY'S
Asset Protection Security Guard, Santa Anita - Standard Part Time
Permanent · Arcadia
MACY'S
Asset Protection Detective, Sacramento Downtown Plaza - Part Time
Permanent · Sacramento
MACY'S
Asset Protection Security Guard, Roosevelt Field - Flex
Permanent · Garden City
MACY'S
Asset Protection Security Guard, Market by Macy's, Southlake Town Square - Full Time
Permanent · Southlake
MACY'S
Asset Protection Security Guard, Wolfchase - Part Time
Permanent · Bartlett
MACY'S
Asset Protection Security Guard, Southcenter - Part Time
Permanent · Seattle
MACY'S
Asset Protection Security Guard, Las Vegas Fashion Show - Flex
Permanent · Las Vegas
MACY'S
Asset Protection Detective, Aventura - Part Time
Permanent · Aventura
MACY'S
Asset Protection Security Guard, Fordham Place - Part Time
Permanent · Bronx
Published
Dec 2, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Bestseller sales rise but profits fall, flags eco and digital focus

Published
Dec 2, 2019

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 that are affecting the rest of the mainstream retail sector worldwide. 


Bestseller



The company’s turnover rose by 7% to €3.5 billion in its 2018/19 financial year but pre-tax profit of €372 million was down 3%. The company gave no direct explanation for this dip, although it did say that it has continued to make “substantial investments” in the future.

The group, which owns its eponymous chain, plus Vero Moda and Jack & Jones among other labels, also hinted that conditions are tough in the market, even though its sales are up. It said the current financial year shows that “we still have work to do… it’s important that we remain innovative”. 

Innovative tends to mean digital, but the firm is also clearly looking at the impact of other consumer trends on shopping behaviour. It added that “the importance of digitalisation and sustainability are becoming increasingly clear in all parts of society. Now, more than ever, we need to accelerate our journey towards a sustainable reality and a truly digital future. This is key to the continued development of our company”.

That view underlines survey after survey that show consumers have raised expectations about the eco/ethical approach of the companies they buy from across the price scale.

It was interesting too that in a fashion sector where wholesale is often seen as a second best option to owned stores, CEO and owner Anders Holch Povlsen said the firm’s approach to creating “close partnerships with our wholesale customers has paid off in a market affected by changes and new realities”. 

The focus on wholesale is perhaps no surprise given that the company’s 2,750 stores in 38 markets worldwide are complemented by its products also being in as many as 20,000 multi-brand and department stores. 

But Povlsen added that it’s also “necessary” to continue to “put a strong focus on out retail and online business, where consumer expectations are higher than ever”.

He didn’t share any details about the individual performances of the company’s brands.

Copyright © 2022 FashionNetwork.com All rights reserved.