×
241
Fashion Jobs
SOBHA
Manager - Sales at Sobha Nesara, Kothrud - Pune
Permanent · Pune
MIDAS HYGIENE INDUSTRIES PRIVATE LIMITED
Area Sales Manager - Punjab
Permanent · Jalandhar
PETPOOJA
Area Sales Manager || Software Sales (Pos) || Petpooja
Permanent · Navi Mumbai
FLEETX
Assistant Area Sales Manager/ Area Sales Manager
Permanent · Haldia
FLEETX
Area Sales Manager
Permanent · Tirunelveli
MINIVEL SERVICES
Area Sales Manager - Insurance Company
Permanent · Bengaluru
POLYCAB
Area Sales Manager
Permanent · Chennai
ACME SERVICES PRIVATE LIMITED
Purchase Manager For a Leading Textile Brand
Permanent · Mumbai
SBFC FINANCE
Area Sales Manager And Sales Manager- Loan Against Property
Permanent · Ahmedabad
BUSY INFOTECH
Area Sales Manager - Amritsar / Ambala / Shimla
Permanent · Ambala
GRAND CHEMICAL WORKS
Area Sales Manager- Lucknow (gt Fmcg)
Permanent · Lucknow
GRAND CHEMICAL WORKS
Area Sales Manager - Jaipur (gt)
Permanent · Kota
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
SURYA FOOD AGRO LTD
Production Manager
Permanent · Greater Noida
SHYAM STEEL INDUSTRIES
Require Area Sales Manager For Different Locations at Bihar
Permanent · Madhepura
PINKODE REALTY LLP
Hiring For Asm/Sales Managers
Permanent · Mumbai
FRQ BRO
Area Sales Manager - Oppo
Permanent · Pudukkottai
FLEETX
Area Sales Manager
Permanent · Tirunelveli
TEACHMINT
Area Business Manager
Permanent · Hubballi
MTC BUSINESS
Production Manager | Khopoli
Permanent · Khopoli
UGRAYA FOODS
Production Manager || Agartala (Tripura)
Permanent · Agartala
Published
Nov 10, 2015
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

New Look sees underlying profits grow 10.9% in H1 of 2015

Published
Nov 10, 2015

The British retail group has announced its first half results for the 26 weeks ended on 26th of September 2015. After a strong first and second quarter with successful progress in China and a good performance on the menswear segment, New Look posted a revenue increase of 5.9% to £756 million in the first half-year, from £713 million for the same period a year prior.

Underlying operating profit was up 10.9% to £94.8 million, from £85.5 million in the first half of 2015. Adjusted profit before tax climbed 40.6% to £39.5 million from £28.1 million in the first 26 weeks of 2015.


New Look


“These excellent results show the strength of the New Look offer and the strategic progress we have made in our product, stores and website. Against an unpredictable consumer backdrop we are especially pleased to have seen further Q2 sales improvement and market share growth, on what were already strong Q1 figures,” said Anders Kristiansen, CEO of New Look.

The trend-led retailer, which launched its first standalone menswear store earlier this year, saw overall sales grow 4.9% on a like-for-like basis, with an own website sales rise of 37.9% and a third party e-commerce sales increase of 47.2%. The e-commerce growth was driven by new delivery options, which also improved footfall into stores.

Adjusted Ebitda was up 5.1% to £121.7 million from £115.5 million in the first half of 2015.

New Look also recorded non-recurring exceptional transaction costs of £93.2 million relating to the Brait acquisition and refinancing, resulting in a statutory loss before tax of £53.7 million in the first half-year of 2015.

Furthermore, the company posted successful progress in China, with 52 stores open by the end of the first half of 2015, and leases signed to take them to 85 by March. Over the past six months, New Look also focused on implementing its new store format, which has been already rolled out in further 34 locations.

Copyright © 2022 FashionNetwork.com All rights reserved.