×
63 392
Fashion Jobs
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Madison
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Mansfield
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Lafayette
KOHLS
Full-Time Loss Prevention Officer
Permanent · Fremont
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Cape Coral
NIKE
Senior Product Manager, Line Planning And Merchandising
Permanent · Beaverton
NIKE
Business Success Manager – Multi-Node Inventory Planning
Permanent · Beaverton
NIKE
Product Manager – Multi-Node Inventory Planning
Permanent · Beaverton
NIKE
Product Manager, Line Planning And Merchandising
Permanent · Beaverton
NIKE
Live Consumer Direct Marketing, Global Store Marketing Manager
Permanent · Beaverton
CONVERSE
Product Integrity Manager
Permanent · Boston
NIKE
Director, Omni-Channel Marketing Solution Engineering
Permanent · Beaverton
NIKE
Product Manager, Global Sourcing Manufacturing Data Product & Reporting
Permanent · Beaverton
NIKE
Manager, Analytics & Operations, Nike Athlete Experience
Permanent · Beaverton
ULTA BEAUTY, INC.
General Manager
Permanent · Johns Creek
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Virginia Beach
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Mount Laurel Township
ULTA BEAUTY, INC.
co - Sales Manager
Permanent · Schaumburg
ULTA BEAUTY, INC.
General Manager
Permanent · Conway
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Gilbert
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Lakewood
ULTA BEAUTY, INC.
co - Sales Manager
Permanent · Pasadena
Published
Jun 15, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Global Brands posts fiscal year revenue jump, aims for $5 billion in revenue by 2020

Published
Jun 15, 2017

Global Brands Group reported on Wednesday its fiscal year results for the year that included a new footwear partnership with Katy Perry, a partnership with Sean John, the sale of Frye to Authentic Brands Group, and the addition of a US license with Kenneth Cole.


The Juicy Couture Black Label that Global Brands Group launched at Bloomingdale's in June 2016. - DR

 
The company also announced on Wednesday a new three-year plan intended to bring growth and reach the goal of $5 billion in revenue by 2020. The plan, which includes total margin improvement by 150 basis points and increasing EBITDA by 50%, builds on the past three financial years where Global Brands delivered 5.8% compound annual growth in revenue, 9.0% core operating profit, 8.7% in EBITDA, and a total margin percentage increase by over 500 basis points.
 
Net revenue for the year increased by 11.6% to $3,891 million, driven by the kids segment that increased 3.9% to $1,603 million and the footwear and accessories segment that increased 5.6% to $1,281 million. The men’s and women’s fashion segment increased the most out of the three by 31.5% to $820 million.

Total margin as a percentage of net revenue increased to 36.4%. Operating costs increased to $1,242 million due to investments in brands and the addition of new licenses, and operating profit and net profit attributable to shareholders posted increased 64.5% to $173 million and 89.4% to $90 million, respectively.
 
Adjusted net profit attributable to shareholders increased 49.4% to $72 million and EBITDA was $380 million compared to $301 million in the prior year.
 
Global Brands at the beginning of its new fiscal year reached a deal with Marquee Brands and BCBG to save the ailing retailer. As per the agreement, Global Brands take leadership of BCBG’s wholesale, retail and online operations, as well as lead marketing, sales and distribution for the retailer.

The company plans to expand BCBG’s footwear, belts, hosiery, jewelry and home offerings.
 

Copyright © 2021 FashionNetwork.com All rights reserved.