THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Jacques Vert pre-tax profit rises 3.1%

Women’s fashion retailer Jacques Vert has announced that pre-tax profits were up 3.1% to £5.3 million for the 53 weeks to the end of April.

CITY & CORPORATE

Jacques Vert pre-tax profit rises 3.1%

Retail sales rose 2.6% to £118.4 million and like-for-like sales were up 2.0%. Gross margins fell to 62.8% from 63.7% due to the level and frequency of markdown activity that the company was required to implement in the current retail climate. Margins had also been eroded by higher supplier costs.

The company said it remained  cautious about the outlook for this financial year as sales continued to be unpredictable. However, it believes there will be further opportunities to develop its ecommerce business both in the UK and internationally, and that new systems implementation will open up opportunities to improve the operating effectiveness of the business.

Chairman Steve Bodger said: "With positive like-for-like sales, our brands have performed well in what has been a difficult trading environment."

He continued: "On the operational front we have taken significant steps forward and the ongoing investment programme in new systems and infrastructure will position us well for the future. I believe that this financial year will be challenging but I am pleased with the start we have made and I am confident that the business is well positioned to benefit from any improvement in the market."

Jacques Vert trades via its websites and from over 1000 High Street outlets in the UK, Eire and Canada. Its brands includes Jacques Vert, PLANET, Precis and Windsmoor.


Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing