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

Wolford posts drop in full year revenue

Wolford has reported that its revenue fell by 3.4% to €149.07 million in the 2017/18 financial year.

FASHION

Wolford posts drop in full year revenue

After adjusting for currency items, Wolford said the decline was 1.4% in the twelve month period to April 2018.

Meanwhile, the company made a full year loss after tax of €11.54 million compared to a loss of €17.88 million in the previous year.

During the year Wolford streamlined its processes and reduced excess capacity. This included integrating its production into its supply chain management, streamlining its logistics processes, and optimising deployment planning at its boutiques. As a result, the average number of employees fell by 111 to 1,433 in the period.

Wolford will be investing in digitising its business in the current financial year. This will include expanding its online business and digital marketing with the aim of attracting younger target groups. It will also be expanding its business in Asia. 

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