×
51 770
Fashion Jobs
ADIDAS
Senior Manager Buying (Concept Stores)
Permanent · Portland
NEW BALANCE
Loss Prevention Officer (Day Shift)
Permanent · Skowhegan
L'OREAL GROUP
Mgr/sr Manager-Demand Planner
Permanent · Newport Beach
L'OREAL GROUP
Kiehl's Since 1851 - Director of Ecommerce
Permanent · New York
L'OREAL GROUP
Salon Business Partner (Saloncentric) - Troy, mi
Permanent · Troy
ABERCROMBIE AND FITCH CO.
Asset Protection Investigator
Permanent · Concord
OLD NAVY
Asset Protection Lead - Outlts @ Little Rock
Permanent · Little Rock
OLD NAVY
Assistant General Manager, Merchandising - Northcross
Permanent · Huntersville
OLD NAVY
External Asset Protection Lead - Franklin Park
Permanent · Toledo
OLD NAVY
General Manager - Four Flaggs
Permanent · Niles
OLD NAVY
Assistant General Manager, Merchandising - Crossings of Decatur
Permanent · Decatur
OLD NAVY
Assistant General Manager - Festival Mkt@Dogwood
Permanent · Flowood
OLD NAVY
General Manager - Barrow Crossing
Permanent · Bethlehem
OLD NAVY
Asset Protection Service Representative -Sports Arena Plaza
Permanent · San Diego
OLD NAVY
Buyer, Girl's, Outlet
Permanent · San Francisco
OLD NAVY
Asset Protection Agent - Fulton Street
Permanent · New York
OLD NAVY
General Manager - Franklin Park
Permanent · Spokane
OLD NAVY
Assistant General Manager, Merchandising - Brickyard Square (New Store)
Permanent · Epping
OLD NAVY
Assistant General Manager - Eagan Promenade
Permanent · Eagan
OLD NAVY
General Manager - Conyers Crossroads
Permanent · Conyers
OLD NAVY
Asset Protection Manager - Utah
Permanent · Salt Lake City
OLD NAVY
Assistant General Manager, Merchandising - Bradford Plaza
Permanent · Stillwater
Published
Oct 25, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Oliver Bonas revenue shoots up 22% in ‘busy’ year

Published
Oct 25, 2018

British fashion and lifestyle chain Oliver Bonas spent 2017 opening new stores, relocating existing locations and expanding its infrastructure, and despite all this, it managed to increase EBITDA by 7.6%.


Oliver Bonas


Ten of the eleven new stores opened outside London, including the brand’s first store in Wales, a second store in Northern Ireland and two further stores in Scotland, documents filed with Companies House revealed.

Additionally, it opened further warehousing and office space, launched dedicated websites in Ireland and the US and continued its investment in its in-house design teams.

The expansion helped revenue increase by 22% to £61.1m in the year ended 31 December 2017, but the company also performed well on a like-for-like basis with growth of 11.6%. This is its fourth consecutive year of double-digit like-for-like growth, however the brand warned of a slowdown in the second half.

But directors called a fall in gross margin “disappointing”, as profitability was adversely impacted by unfavourable currency effects and the continued investment in various departments. Profit for the financial year grew slightly to £3.4m from £3.1m a year earlier.

To protect itself against more uncertainty in the UK moving forward, Oliver Bonas will try to reduce its reliance on its home market and grow overseas revenue through new international websites, stores and marketplaces. However, the brand plans to continue to expand in the UK, where it operates 72 stores, with further openings in the short term.

Copyright © 2021 FashionNetwork.com All rights reserved.