71
Fashion Jobs
L'OREAL GROUP
Multi-Brand Education Manager
Permanent · JOHANNESBURG
L'OREAL GROUP
E-Commerce Manager
Permanent · JOHANNESBURG
BEIERSDORF
Brand Manager
Permanent · DURBAN
G-STAR
Key Account Manager
Permanent · CAPE TOWN
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
PUMA
Payroll Administrator
Permanent · CAPE TOWN
ADIDAS
Senior Manager Sales: Shoe Channel - em South
Permanent · CAPE TOWN
ADIDAS
Senior HR Business Partner (6-Months Maternity Cover)
Permanent · CAPE TOWN
L'OREAL GROUP
Product Manager
Permanent · JOHANNESBURG
TREK
Country Manager
Permanent · SANDTON
L'OREAL GROUP
E-Commerce Key Account Manager
Permanent · JOHANNESBURG
ADIDAS
ic pp Data & Analytics Specialist - em
Permanent · CAPE TOWN
BEIERSDORF
Precision Marketing & Audience Specialist
Permanent · DURBAN
CLINIQUE
Clinique - Roamer - Edgars Eastgate, Gauteng - 40 Hours - Full-Time - Permanent
Permanent · JOHANNESBURG
PANDORA
Sales Assistant Ppt 96 Hours Balito
Permanent · DURBAN
L'OREAL GROUP
Data Analyst
Permanent · JOHANNESBURG
HTNK
High-End Fashion/Denim Designer
Permanent · JOHANNESBURG
H&M
Talent Acquisition Specialist
Permanent · CAPE TOWN
ADIDAS
Specialist Franchise Excellence - Ems Africa Export
Permanent · CAPE TOWN
LOVISA
Full Time Team Member | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
LOVISA
Store Manager | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
Published
May 25, 2017
Reading time
2 minutes
Download
Download the article
Print
Text size

B&M buoyant as UK and Germany are strong, but clothing has been slow

Published
May 25, 2017

UK-based B&M European Value Retail had a generally good time in the 12 months to March 25 as sales soared on the back of both new stores and a strong performance in existing locations.


B&M European Value Retail



There were a few weak spots, such as poor clothing and footwear sales at its German Jawoll operation as the weather turned particularly cold. But apart from that, the company’s low-priced general merchandise offer scored highly with increasingly budget-focused shoppers.

The company’s “flex” approach, that allows it to ramp up (or minimise) categories such as furniture, homewares, electricals, toys, and much more depending on consumer priorities, also helps it offer just what shoppers want at any given time.

The company opened 53 new stores in the UK during the fiscal year, including nine relocations to its large, modern Homestore format, while it also opened 19 new stores in Germany. And it looks like the momentum will continue as it opens up to another 50 in the UK and 15 in Germany in this financial year.

It currently has 537 stores in Britain and has upgraded its target from 850 to 950 with a greater presence in the South east where it previously was under-represented. It operate 75 German stores.

So just how well did it do last year? Group revenues rose 19.4% to £2.43bn and UK comparable sales rose 3.1%. Q4 comps were up 2.9% and the firm said it has seen “an excellent start to 2018”. Pre-tax profit rose 25.6% to £190.1m.

Chairman Terry Leahy, who ran supermarkets giant Tesco during its most successful period, said: “There was a robust return of trading momentum during the second half which has continued into the early weeks of the new financial year, affirming that B&M's offer resonates well with customers during a period of economic uncertainty and profound structural change in retailing."

CEO Simon Arora added: “The structural shift toward value in retailing, in which B&M has emerged as a UK leader, still has a long way to run, irrespective of the economic climate. There remains a significant growth opportunity in both the UK and those European markets which are still under-penetrated by general merchandise discount formats. Our market shares within individual product categories remain very small which provides scope for the business to maintain an attractive level of growth in the UK and as we extend our geographic reach in the years ahead.”

Copyright © 2024 FashionNetwork.com All rights reserved.