×
305
Fashion Jobs
RJCUBE STAFFING SOLUTIONS
Production Manager - Upholstery (Leather & Fabrics) For Greater Noida
Permanent · Greater Noida
RJCUBE STAFFING SOLUTIONS
qa/qc- Garments-Woven/Knits For Garments Buying House, Noida
Permanent · Noida
NIKE
Information Security Risk Analyst (Grc) – Cis
Permanent · Bengaluru
RJCUBE STAFFING SOLUTIONS
qa/qc- Garments (Jersey, Etc) For Garments Buying House, Noida
Permanent · Noida
ZEN TECHNO ENGINEERING PVT LTD.
Production Manager
Permanent · Pune
ADIDAS
Manager Buying & Planning Operations
Permanent · GURUGRAM
ADIDAS
Product Owner Data Foundations
Permanent · GURUGRAM
ADIDAS
Senior Product Owner
Permanent · GURUGRAM
ADIDAS
Product Owner
Permanent · GURUGRAM
CROCS
Associate Demand Planner
Permanent ·
CROCS
HR Manager
Permanent ·
BRIDGING TALENTS
Quality Control Manager ii Retail Fashion Brand ii Jaipur / Bangalore
Permanent · Bengaluru
ALLEGIS GROUP
Opening For Sales Manager - Chennai & Kolkata
Permanent · Chennai
IDFC FIRST BANK
Opening For Area Sales Manager - Corporate Salary Mumbai
Permanent · Mumbai
TATA AUTOCOMP
Opening For Production Head at Chinchwad Plant
Permanent · Pune
THE BANYAN HR CONSULTS
Regional Sales Manager For Women's Wear Garments CO For Delhi & Ncr
Permanent · National Capital Region
PEOPLE ALLIANCE WORKFORCE
Quality Manager / Quality Head - Garments Manufacturing Company
Permanent · National Capital Region
NIKE
Senior Technical Product Manager, ed&a – Tpmo
Permanent · Bengaluru
RANDSTAD
Area Sales Manager
Permanent · Gurugram
3F INDUSTRIES
Technologist/Production Manager For Our Amino Acid Plant
Permanent · Chennai
3F INDUSTRIES
Chemical Technologist/Production Manager For Our (Cbg) Plant
Permanent · Chennai
NEWGEN
Sales Manager (South India)
Permanent · Chennai
Published
May 23, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Topshop and Topman swing to loss as retail woes continue

Published
May 23, 2018

When it comes to Arcadia results, the question most people really want answered is ‘how well did Topshop do?’
And the answer came on Wednesday with news that Topshop – and its menswear sibling Topman – made a loss of nearly £11 million in the year to August 26. 


Topshop



Its latest set of accounts filed at Companies House showed that issues such as costs linked to leases on lossmaking stores, as well as lower turnover, transformed the prior year’s £59.4 million pound profit into a loss of £10.8 million for the 12-month period.

The revenue fall was significant too, dropping 6% to £933.6 million from £990 million. 

The news came just a week after Topshop owner Arcadia’s own parent company, Taveta Investments, had reported a 42% drop in profits and a 5.6% sales fall. And it seems that the bigger profit and sales drops at Topshop/Topman mean that the jewel in Arcadia's crown is also its biggest problem child at the moment.

But the company clearly isn't taking its problems lying down and last year ex-Burberry executive Paul Price was brought in to run the operation, while the company also changed key senior design staff.

We won't know for some time whether those changes have sparked any kind of improvement at Topshop more recently and we have few details about what actually went on last year. What we do know is that the retailer remains focused on exiting lossmaking stores and in the accounts, it said it has increased its provision for unprofitable locations from £730,000 to £4.2 million.

Copyright © 2023 FashionNetwork.com All rights reserved.