×
64 734
Fashion Jobs
GAP
General Manager - Valley Fair
Permanent · Santa Clara
GAP
Assistant Manager, Customer Operations - Great Lakes Crossing
Permanent · Auburn Hills
MICHAEL KORS
Part Time Sales Supervisor Southpark Mall, Charlotte nc
Permanent · Charlotte
NORDSTROM
1st Shift Dock Area Manager Sun-Thurs
Permanent · Ontario
NORDSTROM
Senior Technical Program Manager
Permanent · Seattle
BANANA REPUBLIC
General Manager - Petaluma Village
Permanent · Petaluma
KOHLS
Senior Business Intelligence Engineer (Remote)
Permanent · Menomonee Falls
ULTA BEAUTY, INC.
CO - Sales Manager
Permanent · West Covina
KIDS FOOT LOCKER, FOOT LOCKER
Replenishment Analyst, Ftw, Kfl
Permanent · New York
ASCENA
Part Time Sales Manager - Ann Taylor, The Woodlands Mall
Permanent · The Woodlands
LULULEMON
Asset Protection Lead - Boston Seaport
Permanent · Boston
ESTEE LAUDER
Manager, Marketing el Travel Retail (Makeup & Fragrance)
Permanent · New York
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Fifth Avenue
Permanent · New York
ABERCROMBIE AND FITCH CO.
Lead Auditor - Data, Technology, & Compliance Risk (Remote)
Permanent · Columbus
ABERCROMBIE AND FITCH CO.
Lead Auditor - Operational & Compliance
Permanent · Columbus
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Seattle Outlets
Permanent · Marysville
MICHAEL KORS
Full-Time Sales Supervisor - Keystone, il
Permanent · Indianapolis
NORDSTROM
Area Manager Warehouse - 3rd Shift Inventory - San Bernardino, ca
Permanent · San Bernardino
NORDSTROM
Area Manager Warehouse - 2nd Shift Inventory - San Bernardino, ca
Permanent · San Bernardino
NORDSTROM
Manager - Asset Protection - Chestnut Rack
Permanent · Philadelphia
NORDSTROM
Senior Manager of Merchandise Inventory - Replenishment
Permanent · Seattle
NORDSTROM
Asset Protection - Security Ambassador - Irvine Spectrum Center
Permanent · Irvine
Published
Dec 18, 2016
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Menswear spend sends Harvey Nichols profits down, but CEO is upbeat

Published
Dec 18, 2016

Pre-tax profits at luxury London store Harvey Nichols more-than-halved in the year to April 2 as the company invested in a major refurbishment of its menswear space at its London flagship and closed the department for 10 months.

The company made just £2.6m, compared to £5.4m a year earlier, despite sales for the year rising to £194.5m from £193.1m.

Harvey Nichols CEO Stacy Cartwright, who was previously Burberry CFO, has said she wanted to put the luxury chain “back on the map” and the menswear revamp was a key part of this.


The new menswear department has transformed the category for Harvey Nichols

In an interview with the Sunday Telegraph Cartwright said the menswear department had previously been a “rabbit warren” and she added that the company had also overhauled the flagship's beauty space to increase the company’s “experience” offer.

The new-look menswear department opened in April, just as the firm’s financial year ended, with a 28,000 sq ft space that now hosts over 270 brands, including a large number of labels that are new to the store. It also has a cafe, a barbershop and pop-up space.

Cartwright said the beauty hall, which now has manicure and blowdry bars, and a new cocktail bar, was transformed as “people come for experiences rather than just products and this means people can treat themselves to lipstick or a glass of wine.”

The company has also recently reopened its Hong Kong Landmark department store location after a revamp and remains focused on international expansion with the possibility of more more Middle Eastern stores.

But Cartwright said that its UK stores (five full-size stores, two smaller formats and a Beauty Bazaar store) are also key to the company’s fortunes and have benefited from the post-Brexit vote tourist boom.

She told the newspaper that the business traditionally attracts between 60% and 70% local shoppers but that the weaker pound is boosting the percentage of business it does with international visitors.

And she is upbeat about prospects for next year, even if luxury brands raise their prices. It is likely high-end labels will seek to harmonise international pricing after the pound’s fall sent UK prices lower.

Cartwright said that the UK will remain an attractive shopping destination for tourists as its hotels and restaurants will still be cheaper than those in other European locations as long as the pound stays weak.

Copyright © 2022 FashionNetwork.com All rights reserved.