×
1 943
Fashion Jobs
LULULEMON
General Manager Houston Texas United States Gérant Adjoint de Magasin
CDI · Laval
PUMA
Manager, Merchandising -Footwear
CDI · Toronto
ESTÉE LAUDER
Director, Field Sales - Aveda Canada
CDI · Toronto
ADIDAS
Assistant Marketing Manager, Retail Activation
CDI · Vaughan
OLD NAVY
General Manager - Erin Ridge Shopping Centre (New Store)
CDI · St. Albert
OLD NAVY
Assistant General Manager, Merchandising - Promenade Gatineau (New Store)
CDI · Gatineau
OLD NAVY
General Manager - Manning Town Centre (New Store)
CDI · Edmonton
OLD NAVY
Assistant General Manager, Merchandising - Promenade Gatineau (New Store)
CDI · Gatineau
MARSHALLS
Loss Prevention Store Investigator - Gta
CDI · Toronto
BANANA REPUBLIC
General Manager- Fairview Park Mall
CDI · Kitchener
GAP
General Manager- Fairview Mall
CDI · Toronto
GAP
General Manager East Gta
CDI · Toronto
L'OREAL GROUP
Account Executive - Luxe Division (Montreal)
CDI · Montreal
OLD NAVY
Assistant General Manager
CDI · St-Bruno-de-Montarville
OLD NAVY
General Manager - Promenade Gatineau (New Store)
CDI · Gatineau
OLD NAVY
Loss Prevention Agent - Bramalea City Centre
CDI · Brampton
OLD NAVY
Loss Prevention Agent - Toronto Eaton Centre
CDI · Toronto
OLD NAVY
Loss Prevention Agent - Limeridge Mall
CDI · Hamilton
OLD NAVY
Loss Prevention Agent - Scarborough t/c
CDI · Toronto
OLD NAVY
Loss Prevention Agent - Metropolis
CDI · Burnaby
TJX COMPANIES INC.
District Manager, Calgary
CDI · Calgary
MARSHALLS
Winners 401 & Mccowan - Sales Floor Merchandise Coordinator (Open Availibility)
CDI · Toronto

Losses at Vivienne Westwood, plans to streamline portfolio

Published
today Oct 1, 2019
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Vivienne Westwood may have grabbed some headlines in recent days due to Paris Fashion Week, but the headlines this week make less happy reading with the company reporting a £2.5 million pre-tax loss for last year.


Vivienne Westwood - Spring-Summer2020 - Womenswear - Paris - © PixelFormula


It had been profitable the year before, making £1.9 million in 2017, but this time, the loss came as turnover was down by 4.9% at £38.8 million after the company closed two of its physical stores. That said, wholesale edged up, albeit by only 0.22%.

So what does that all mean for the future? Well, the company is looking closely at its business and said that “we are reviewing the lines currently available with the objective of streamlining the portfolio.” It added that it will keep a close eye on costs.

It’s a path trodden by many labels in the luxury segment as they seek a way to make sustainable profits in a fast-changing retail world. 

But the company seems reasonably upbeat saying that the brand “continues to remain attractive to its wider customer base and sales continue to be consistent. The focus remains on improving the existing stores and repositioning the brand perception of the various Vivivenne Westwood lines.”

And the company is still heavily focused on international expansion, targeting growth in key markets such as China and the US, as well as Europe and Asia in general. France, Italy and Germany are in its sights as far as boosting existing market share is concerned.

It also said that while it can’t yet assess the impact of Brexit on its business, it has strong operations in Europe and should be able to weather any storm if there’s a no-deal exit from the EU.

Copyright © 2020 FashionNetwork.com All rights reserved.