×
89 173
Fashion Jobs
URBN
Free People Senior Merchandise Planner
Permanent · PHILADELPHIA
UNDER ARMOUR
Stock Lead, ft
Permanent · WOODBURY
PRANA
Director, Strategic Accounts & Sales Business Development
Permanent · CARLSBAD
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - ny 59th st
Permanent · NEW YORK
BLOOMINGDALE'S
Asset Protection Detective, Full Time - Soho
Permanent · NEW YORK
BLOOMINGDALE'S
Registry Consultant, Full Time - Boca Raton
Permanent · BOCA RATON
H&M
842 Area Visual Manager
Permanent · LOS ANGELES
BLOOMINGDALE'S
Asset Protection Detective, Full Time - Short Hills
Permanent · MILLBURN
URBN
Urban Outfitters Visual Merchandising Manager
Permanent · COSTA MESA
COLUMBIA SPORTSWEAR COMPANY
Regional Loss Prevention Manager (Northwest-us)
Permanent · SALEM
COLUMBIA SPORTSWEAR COMPANY
Operations Manager - Swing Shift
Permanent · PORTLAND
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time, Chestnut Hill
Permanent · NEWTON
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time, Chevy Chase
Permanent · CHEVY CHASE
BLOOMINGDALE'S
Asset Protection Detective, Full Time, San Francisco
Permanent · SAN FRANCISCO
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time, Huntington
Permanent · HUNTINGTON STATION
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time, San Francisco
Permanent · SAN FRANCISCO
BLOOMINGDALE'S
Asset Protection Outlet Associate, Part Time, Dolphin Mall
Permanent · MIAMI
BLOOMINGDALE'S
Asset Protection Outlet Associate, Part Time, Jersey Gardens
Permanent · ELIZABETH
BLOOMINGDALE'S
Wedding & Gift Registry Consultant, Full Time, Norwalk
Permanent · NORWALK
BLOOMINGDALE'S
Manager, Sales - Women's Ready to Wear/Shoes: Norwalk
Permanent · NORWALK
BLOOMINGDALE'S
Manager, Sales - Mens Shoes
Permanent · NEW YORK
BLOOMINGDALE'S
Senior Art Director, Photo
Permanent · NEW YORK
Published
Nov 9, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Whistles and Hobbs owner outperforms the market despite challenges

Published
Nov 9, 2018

Share of The Foschini Group (TFG) rose over 2% on Thursday after the company released its latest half-year results and showed that it's outperforming a difficult market. 


Whistles



The owner of the Whistles, Hobbs and Phase Eight brands had said that in all three of its major territories, South Africa, the UK and Australia, trading conditions “remained difficult and constrained during the first half “ but that it “delivered a strong result for the period with good performance in each of the territories relative to our respective peer groups.”

Headline earnings growth increased 14.3% to ZAR1.2bn, while retail turnover increased by 28.6% to ZAR15.9bn. Its gross margin expanded to 53.6%, compared to 51% a year ago and the company now has over 4,000 stores in 32 countries.

Group retail turnover for the six-month period may have been up almost 30% overall, but the performance varied widely across the group. Turnover rose by 50.7% (in GBP) for TFG London, by 8.4% (in ZAR) for TFG Africa and by 170.7% (in AUD) for TFG Australia. 

But including comparable numbers for Hobbs in the UK and RAG in Australia that were acquired during the previous financial year, turnover grew by 2.3% and 14.9% respectively for TFG London and TFG Australia. That UK figure may not look especially impressive, but in a market beset by store closures, fashion retailer failures and cautious consumers, it’s really not bad.

The company also said that TFG London’s “comprehensive omnichannel offering enabled online turnover growth of 15% for this channel, in a market where trading has shifted rapidly from high street to online retail.”

But TFG London’s gross margin dipped to 63% from 63.6%, which is perhaps no surprise given how tough and promotional the UK market has been.

"We expect trading conditions to remain challenging in all three of our major territories as consumer spending and business confidence remain under pressure," the company said.

Copyright © 2022 FashionNetwork.com All rights reserved.