299
Fashion Jobs
L'OREAL GROUP
Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
Key Account Manager
Permanent · HONG KONG
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
Published
Nov 14, 2017
Reading time
2 minutes
Download
Download the article
Print
Text size

B&M hails strong results, names new chairman from SuperGroup

Published
Nov 14, 2017

B&M European Retail has had a good six months with the diversified retailer - which sells everything from homewares to clothing at value prices - seeing comparable revenues up 7.5% and saying Q2 growth accelerated to 7.7%. It also announced that SuperGroup’s chairman is joining as non-exec chairman next year.


B&M



In the six months ended September 23, total revenues rose 21.7% to £1.35 billion and adjusted profit on an ebitda basis was up 19.8% at £116.1 million, while pre-tax profit was up 17.8% to £86.8 million. Although both of those profit figures are good, it’s clear that earnings growth is slightly behind that of sales growth so the company appears to either pro-actively sacrificing profits in order to boost sales, or perhaps responding to a tough environment in which markdowns are expected by customers.

It look slick the answer to that question is the former. “B&M has delivered an excellent performance in the first half of the financial year with strong growth in revenues, EBITDA and profit before tax,” said chairman Sir Terry Leahy. “Our trading momentum in the UK has been maintained, driven by more shoppers seeking out value at B&M, combined with further improvements to our offer for customers particularly in ranging, pricing and store standards.”

He also said the company is “well placed for the approaching Christmas season and we look forward to the remainder of the financial year with confidence.”

The company opened 20 new B&M UK stores in the period and its German Jawoll business opened a further seven.

Meanwhile, the company also said that Peter Bamford would take over from Sir Terry Leahy as non-executive chairman next March.

It said Bamford brings“extensive” senior and board-level experience in public companies, particularly in consumer and retail businesses.
He is currently chairman of SuperGroup and also deputy chairman and senior independent director of Spire Healthcare Group.

Copyright © 2024 FashionNetwork.com All rights reserved.