AllSaints posts strong year
AllSaints swung from last year's £6.2 million operating loss to a £3.6 million operating profit for the 53 weeks to 3rd February. The business had invested in its core fashion categories and as a result achieved revenues of £331 million, up by 1.2 per cent, with all channels showing growth under its new management team.
Peter Wood, CEO commented; "We are delighted that our focus on product, marketing, and distribution has resulted in a significant and sustained step up in our performance since the second half of 2018 which we have further improved on so far in our new financial year. Despite the ongoing challenging marketing conditions, we believe the strength of our brand, our clear strategic focus, and the quality of our team mean that we are well placed to deliver continued growth in the future."