×
293
Fashion Jobs
NETE.IN
CRM & Logistics Executive
Permanent · MUMBAI
FABINDIA OVERSEAS PVT. LTD.
Retail Planner
Permanent · NEW DELHI
SELECTIVE GLOBAL SEARCH PVT. LTD.
Business Development
Permanent · NEW DELHI
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · KARIMNAGAR
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · MIRYALAGUDA
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · KOTHAGUDEM
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · NAGARKURNOOL
LIFESTYLE BRANDS
Area Sales Manager Bangalore
Permanent · BENGALURU
HIRING STUDIO
Chief Financial Officer
Permanent · HOSAPETE
RJ CUBE STAFFING SOLUTIONS
Storekeeper
Permanent · DELHI
ORIENT CRAFT LTD.
Production Incharge
Permanent · NEW DELHI
GETNATTY DESIGNTECH PVT. LTD
Business Development & Sales Specialist
Permanent · MUMBAI
CONSULT IN INDIA
Area Sales Manager- (South & West Region)
Permanent · Kota
ADECCO INDIA PRIVATE LIMITED
e Commerce Executive :Garments Company:Kolkata
Permanent · Kolkata
NCDI PLACEMENT CONSULTANCY
Sales Coordinator (Male) For Leading Retail Store
Permanent · Lucknow
2COMS CONSULTING PVT LTD.
Area Sales Manager Knitwear/ Innerwear
Permanent · Mumbai
SEARCHLIGHT HR SERVICES PVT. LTD
Sales Manager- Fragrances
Permanent · Chennai
KEYSTONE CONSULTING PVT LTD
Business Development - Textile Company
Permanent · Coimbatore
JOB SEARCH
General Manager - Mumbai & Delhi Exp in Textile Testing Industry Only
Permanent · National Capital Region
JOB SEARCH
sr. Executive - Accounts & Finance - Vile Parle
Permanent · Mumbai
CAREER CROSSWAYS
Export Marketing Manager
Permanent · Ahmedabad
TEJASWI SERVICES PVT LTD
Business Development Executive
Permanent · Mumbai

All Saints upbeat as profits surge, expansion accelerates

Published
today Oct 31, 2016
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

UK fashion retailer All Saints has seen a fourth successive year of growth with sales in the year to January 30 up 9% to £252.5m from £231.3m.


All Saints has added new bags and expanded abroad - All Saints


The Lion Capital-owned company, which five years ago had been struggling and was in danger of going into administration, saw UK sales up 7.4% last year to £144.3m while international sales rose 12% to £108.2m. Online sales also rose, to £47.3m from £35.6m, and profits before exceptional items rose 18% to £28.5m.

The company’s bags business was particularly strong, as was menswear. The handbags success came on the back of last year’s launch of the Capital collection. Overseen by creative director Will Beedle it was the result of a collaboration with Seoul-based handbag specialist Simone.

Following the release of the figures, CEO William Kim poured cold water on rumours that the recent success could lead Lion Capital to put the brand up for sale and book a heavy profit from its investment. He said the Lion-All Saints partnership will be key as it rolls out further globally.
 
The company's core business is in the UK but it currently trades in 18 countries with 43% of its sales being made internationally, including in the US, which is its biggest international market. North American sales rose 9.1% to £83m last year.

It sees Asia as a major growth opportunity and wants non-US international sales to represent one-third of the total by 2020, by when it should be in 35 countries. Asian sales more-than-tripled to £8.4m in the latest year.

The company opened 23 stores outside of Britain in the last financial year, including key new stores in the US, South Korea and Taiwan. It also entered the Middle East for the first time with a debut in the Mall of Emirates in partnership with Majid Al Futtaim and debuted in Japan, its third directly-operated market in Asia (after Hong Kong and Taiwan).

However, All Saints’ domestic market remains significant and the company has been renovating its stores, including revamps for its concessions in Selfridges in Birmingham and Manchester.

Kim said the company’s international diversity had protected it from currency-related negative effects before and since the Brexit vote and hinted that UK prices may not rise as some other retailers have suggested. He referred to earlier issues with the Russian rouble where the company managed to largely keep prices stable.

Copyright © 2019 FashionNetwork.com All rights reserved.