52
Fashion Jobs
ZALANDO
Head of Engineering - Emerging Propositions
Permanent · HELSINKI
ESTÉE LAUDER COMPANIES
Beauty Advisor - Sokos Helsinki (Fulltime Temporary)
Fixed-term · HELSINKI
ESTÉE LAUDER COMPANIES
Full Time Beauty Advisor - Vantaa Airport, Helsinki
Permanent · HELSINKI
ESTÉE LAUDER COMPANIES
Estee Lauder Companies - Multi Counter Manager - Stockmann, Turku
Permanent · TURKU
MUJI
Avoin Hakemus - Myymälä
Permanent · HELSINKI
MUJI
Avoin Hakemus - Ravintola
Permanent · HELSINKI
JACK & JONES
Myyjä Jack & Jones Helsinki Outlet
Permanent · HELSINKI
MANGO
Sales Assistant
Fixed-term · VANTAA
RITUALS
Sales Advisor (Summerextra) - Tampere - Ratina Shopping Center
Permanent · TAMPERE
RITUALS
Sales Advisor (Summerextra) - Vantaa - Jumbo
Permanent · VANTAA
JACK & JONES
Kesätöihin Myyjäksi Vero Moda / Jack & Jones Porvoo
Permanent · PORVOO
NEW YORKER
Haemme Extra- Myyjiä New Yorkerin Myymälään Mikkeliin
Permanent · MIKKELI
NEW YORKER
Haemme Extra- Myyjiä New Yorkerin Myymälään Ouluun
Permanent · OULU
NEW YORKER
Haemme Extra- Myyjiä New Yorkerin Myymälään Vaasaan
Permanent · VAASA
MONKI
Sales Advisor, 10h (Summer Help Temporary)
Fixed-term · VANTAA
VERO MODA
Myyjä Vero Moda Seinäjoki Idepark
Permanent · SEINÄJOKI
ESTÉE LAUDER COMPANIES
MAC Make-up Artist (20h/Week) - Sokos Tampere
Permanent · TAMPERE
ESTÉE LAUDER COMPANIES
Beauty Advisor (30h/Week) - Stockmann Helsinki
Permanent · HELSINKI
MASSIMO DUTTI
Sales Assistant Massimo Dutti, Helsinki
Permanent · HELSINKI
H&M
Sales Advisor, 15h - Kesätyö
Permanent · SEINÄJOKI
H&M
Sales Advisor, 10h - Kesätyö
Permanent · KOTKA
H&M
Sales Advisor, 10-20h - Kesätyö
Permanent · PORVOO
Published
Nov 9, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Whistles and Hobbs owner outperforms the market despite challenges

Published
Nov 9, 2018

Share of The Foschini Group (TFG) rose over 2% on Thursday after the company released its latest half-year results and showed that it's outperforming a difficult market. 


Whistles



The owner of the Whistles, Hobbs and Phase Eight brands had said that in all three of its major territories, South Africa, the UK and Australia, trading conditions “remained difficult and constrained during the first half “ but that it “delivered a strong result for the period with good performance in each of the territories relative to our respective peer groups.”

Headline earnings growth increased 14.3% to ZAR1.2bn, while retail turnover increased by 28.6% to ZAR15.9bn. Its gross margin expanded to 53.6%, compared to 51% a year ago and the company now has over 4,000 stores in 32 countries.

Group retail turnover for the six-month period may have been up almost 30% overall, but the performance varied widely across the group. Turnover rose by 50.7% (in GBP) for TFG London, by 8.4% (in ZAR) for TFG Africa and by 170.7% (in AUD) for TFG Australia. 

But including comparable numbers for Hobbs in the UK and RAG in Australia that were acquired during the previous financial year, turnover grew by 2.3% and 14.9% respectively for TFG London and TFG Australia. That UK figure may not look especially impressive, but in a market beset by store closures, fashion retailer failures and cautious consumers, it’s really not bad.

The company also said that TFG London’s “comprehensive omnichannel offering enabled online turnover growth of 15% for this channel, in a market where trading has shifted rapidly from high street to online retail.”

But TFG London’s gross margin dipped to 63% from 63.6%, which is perhaps no surprise given how tough and promotional the UK market has been.

"We expect trading conditions to remain challenging in all three of our major territories as consumer spending and business confidence remain under pressure," the company said.

Copyright © 2024 FashionNetwork.com All rights reserved.