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
Oct 25, 2018
Download
Download the article
Print
Text size

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 © 2024 FashionNetwork.com All rights reserved.