219
Fashion Jobs
SHIMANO
Brand Coordinator
Permanent · UPPSALA
L'OREAL GROUP
Pharmacy Representative - Dermatological Beauty Division - Gothenburg Region
Permanent ·
GANT
Business Controller
Permanent · STOCKHOLM
GANT
Senior Business Controller
Permanent · STOCKHOLM
H&M
Operations Manager to h&m Distribution Center Borås
Permanent · BORÅS
H&M
Web Analyst / qa Data Layer Resource
Permanent · STOCKHOLM
H&M
Data Analyst to h&m – Supply Planning
Permanent · STOCKHOLM
H&M
Engineering Manager Sap Platforms, Sap Dev & Tech
Permanent · STOCKHOLM
H&M
Wifi Solution Architect - Network
Permanent · STOCKHOLM
H&M
Cyber Security Iam Manager
Permanent · STOCKHOLM
NAKD
Head of Sales
Permanent · GOTHENBURG
NAKD
Head of Commercial Business Control
Permanent · GOTHENBURG
H&M
Pension & Benefits Administrator And Process Improver
Permanent · STOCKHOLM
H&M
Technical Engineer For Warehouse Devices Management
Permanent · STOCKHOLM
H&M
Junior Planner to h&m Assortment- Open Application
Permanent · STOCKHOLM
RALPH LAUREN
Sales Professional
Permanent · STOCKHOLM
H&M
Advanced User Team Leader
Permanent · ESKILSTUNA
ZALANDO
Principal Product Manager - Data And Platform (All Genders)
Permanent · STOCKHOLM
ESSILORLUXOTTICA GROUP
Key Account Manager Nordics
Permanent · GOTHENBURG
H&M
Production Manager – Singular Society
Permanent · STOCKHOLM
ZALANDO
Senior Product Manager - Finance & Compliance (All Genders)
Permanent · STOCKHOLM
ZALANDO
Senior Product Manager - Returns Shipping Solutions
Permanent · STOCKHOLM
Ads
Published
Jan 30, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Ann Summers profits soar but stay small in challenging market

Published
Jan 30, 2018

Lingerie retailer Ann Summers saw its profits surging in its latest financial year, although at £2.9 million, it’s got a long way to go before it hits the big time.


Ann Summers



The retailer, which has reinvented itself, moving from its sex toy origins into a major intimates player in Britain, saw it sales rising from £102 million to £109 million in the year to June 24 2017. Pre-tax profit was up 180% just short of £3 million.

In its latest set of accounts, it said that the retail sector was “challenging” but that store improvements, an IT infrastructure overhaul and placing the customer at the heart of decision-making had all helped it overcome the challenges.

CEO Jacqueline Gold said the customer-centric focus is crucial in a market where shoppers have “less money in their pockets.”

She also said that all channels delivered growth in sales and profit in the last financial year. Wholesale did well, we’re told, with good business through stockists such as Asos, Shop Direct and House of Fraser.

And the company remains committed to its store chain. It has revamped or relocated eight stores, including the Marble Arch flagship in London, as well as opening three new locations. Those new and refurbished stores have been generating stronger sales than its other stores and the company said that all core portfolio locations would be refitted by the start of the next decade.

It has also been focusing on product and in particular has been  targeting younger shoppers. That has included a new activewear line that mixes workout gear with the sexy edge that the brand is known for. And it has relaunched the Knickerbox brand that it acquired some tears ago to appeal to younger customers.

Copyright © 2024 FashionNetwork.com All rights reserved.