×
27 940
Fashion Jobs
NORDSTROM INC
Loss Prevention Agent Aventura
Permanent · Aventura
RALPH LAUREN
Polo Factory Store - General Manager
Permanent · Gurnee
L'OREAL GROUP
sr. Analyst, Finance (l'Oreal Paris)
Permanent · New York
L'OREAL GROUP
sr Analyst - Finance (sg&a) Luxe
Permanent · New York
L'OREAL GROUP
sr Analyst - Commercial Finance (Cpd)
Permanent · New York
L'OREAL GROUP
Packaging Operator ii - up2
Permanent · North Little Rock
VICTORIA'S SECRET
Brand Operations Manager-Edgewater
Permanent · Biloxi
CENTRIC BRANDS
Manager, Production - Denim (Joe's Jeans And Hudson Jeans)
Permanent · Los Angeles
LANE BRYANT
Part Time Sales Manager
Permanent · Gloucester Township
SALLY BEAUTY CORPORATE
District Manager
Permanent · Sacramento
ROSS STORES
Store Protection Specialist
Permanent · Las Vegas
ROSS STORES
Store Protection Specialist
Permanent · Los Angeles
ROSS STORES
Store Protection Specialist
Permanent · Los Angeles
COTY
Assistant Marketing Manager, us Marc Jacobs Fragrance
Permanent · New York
NORDSTROM
Loss Prevention Security Ambassador Bellevue
Permanent · Bellevue
NORDSTROM
Loss Prevention Agent Aventura
Permanent · Aventura
NORDSTROM
Loss Prevention Security Ambassador Nordstrom Northshore
Permanent · Peabody
NORDSTROM INC
sr Maintenance Manager - Riverside, ca
Permanent · Riverside
NORDSTROM
Loss Prevention Security Ambassador Oakbrook
Permanent · Oak Brook
NORDSTROM
Loss Prevention Agent Oakridge Rack
Permanent · San Jose
NORDSTROM
Loss Prevention Agent Southcenter
Permanent · Tukwila
NORDSTROM
Loss Prevention Agent Chicago Maxwell Rack
Permanent · Chicago
Published
Jan 7, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Matchesfashion revenues rise, but investment punches big hole in earnings

Published
Jan 7, 2021

Matchesfashion may have made a loss in the 12 months immediately before the pandemic hit last year, but its directors said they were “satisfied” with the results in the year to January 31 2020. 


Matchesfashion/Raey



The loss came as the retailer’s revenue continued to grow, but it made “significant investments” in its operations, technology and infrastructure.

Its revenue rose to £430 million from £372 million, but the cost of those sales rose sharply. And its net loss was £5.9 million, worse than the small profit of £0.8 million a year earlier. Meanwhile, its adjusted EBITDA figure was £4.5 million for the latest year, down from £14.7 million in the previous period. 

And while its revenue growth was lower than the 27% of the previous 12 months, at almost 16%, it wasn’t a weak figure by any means. However, the margin did contract to 37.2% from 39.5%.

The company didn’t give any specific figures about how trading has been since the financial year ended, but it did share some general information. It said that in the first three weeks of the Covid crisis last spring, “order demand was significantly down”. However, given that its main focus is e-commerce, it’s no surprise that it has recovered since then. From early April 2020, “order demand has continued to improve week-on-week”.

But the company has still been hurt by the crisis and since late March last year, its physical stores in London have been closed and planned brand and customer events have been cancelled. It has also furloughed almost a third of its staff.

And while it has “maintained close contact” with the brands it stocks, the production plans of these brands have been disrupted by the crisis. This has caused delays to it receiving new-season product and it expects that “this will impact trade for the remainder of the year”.

Copyright © 2021 FashionNetwork.com All rights reserved.