×
592
Fashion Jobs
GENESTORE INDIA PRIVATE LIMITED
Area Sales Manager/ Business Development Executive-Mumbai
Permanent · Mumbai
ANAND RATHI
Cluster Head/ Area Sales Manager
Permanent · Chennai
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
MAHALAKSHMI PROFILES PRIVATE LIMITED
Area Sales Manager
Permanent · Hyderabad
ARCHANGEL HR SOLUTIONS
Consultant Planning, Merchandising, Sourcing
Permanent · Chennai
KARADI PATH EDUCATION COMPANY PRIVATE LIMITED
Senior Area Sales Manager - Karadi Path Education Company
Permanent · Chennai
SENSO FOODS PRIVATE LIMITED
Area Sales Manager/sr. Sales Executive For "Corporate Sales"
Permanent · Ahmedabad
ALGOR SUPPLYCHAIN SOLUTIONS PRIVATE LIMITED
Hiring For Sales Manager in Logistic co| Hyderabad | Goa
Permanent · Bengaluru
A2V INSURANCE BROKERS PRIVATE LIMITED
Area Sales Manager
Permanent · Ludhiana
VIKRAM TEA PROCESSOR PVT LTD
Area Sales Manager
Permanent · Mumbai
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Namakkal
Permanent · Namakkal
ARKRAY HEALTHCARE PVT. LTD
Opening For Medical Business Manager(mr)- Delhi Chennai & Bangalore
Permanent · Chennai
PUMA
Studio Operations Manager
Permanent · Bengaluru
ELICO LIMITED
Requirement For Production Manager
Permanent · Hyderabad
FINO PAYMENTS BANK
Territory Sales Manager - Merchant & Distributor Onboarding - up
Permanent · Faizabad
FINO PAYMENTS BANK
Territory Sales Manager - Merchant & Distributor Onboarding - up
Permanent · Mahoba
ELECTRONICA FINANCE LTD
Area Sales Manager - Machinery Loan(Delhi ,Faridabad & Ghaziabad)
Permanent · Faridabad
IOTECHWORLD AVIGATION PVT LTD
Production Manager Engineer (Design & Development)
Permanent · Gurugram
CLASSIC SEARCH PVT LTD
Manager Production
Permanent · Bengaluru
CLASSIC SEARCH PVT LTD
Manager Production
Permanent · Bengaluru
SWASTIKA INVESTMART LTD
Opening For Branch Manager/Area Sales Manager
Permanent · Raipur
PARAISO REALTY PVT LTD
Sales Manager /Associate / Senior Associate - Real Estate Sales
Permanent · Lucknow
Published
Jul 17, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Jack Wills back in profit as full-price focus pays off

Published
Jul 17, 2017

Preppy fashion chain Jack Wills has returned to profitability two years after Peter Williams returned to head the struggling firm.


Jack Wills



The company swung to an operating profit of £730,000 in the year to January after a massive loss of £13.8 million a year earlier.

The business was founded by Williams and Rob Shaw 18 years ago and has come back with a vengeance because it reined-in excessive discounts, expanded further abroad in markets such as Germany and focused on an omnichannel model. Since the end of its financial year, it has also launched into new areas such as activewear, as well as opening new stores in prime locations like Gatwick Airport.

That firm’s dramatic return to profit came despite its sales rising only 4% to £142.4 million but it was clearly the move away from discounting that mattered as its margins got a giant full-price sales boost.

Jack Wills said that its strongest items included a women’s trench coat and a men’s quilted bomber jacket last year and seemed to be upbeat about the current year despite complaints of a tough trading environment form many retailers.

Williams said that improved profits momentum is continuing this year and it looks like the good times really could continue rolling with the CEO also saying the firm is working on a number of “exciting initiatives” and will open 10 more stores this year.

It’s all good news for a company that had seen a fairly uninterrupted rise over a number of years with analysts once saying it was on course for a half a billion pound IPO.

But it stumbled as a shift in the trend cycle left it with too many preppy pieces on its rails and a poorly implemented outsourcing warehouse project also caused problems.

Williams returned to the helm from a three-year break in 2015 and with private equity firm BlueGem he bought out previous backer Inflexion as well as his founding partner.

His return saw some prices being lowered but an overall focus on selling more goods at their original full prices.

Copyright © 2021 FashionNetwork.com All rights reserved.