244
Fashion Jobs
H&M
Visual Merchandiser Manager- Newmarket
Permanent · AUCKLAND
L'OREAL GROUP
Operations & Transport Manager
Permanent · AUCKLAND
ABBOTT
Tpm Contract Manufacturing Manager
Permanent · AUCKLAND
ESSILORLUXOTTICA GROUP
Optometrist - Opsm Rotorua
Permanent · ROTORUA
DANGERFIELD
Online Coordinator
Permanent · AUCKLAND
PUMA
Key Account Manager nz
Permanent · AUCKLAND
L'OREAL GROUP
Key Account Manager
Permanent · AUCKLAND
PETER ALEXANDER
Part Time - Sales Assistant - Peter Alexander nz - Queenstown
Permanent · QUEENSTOWN
FOOT LOCKER
Sales Associate Casual
Permanent · LOWER HUTT
ESSILORLUXOTTICA GROUP
Retail Associate | Sunglass Hut Manukau
Permanent · AUCKLAND
ESSILORLUXOTTICA GROUP
Retail Associate | Sunglass Hut Dunedin
Permanent · DUNEDIN
ESSILORLUXOTTICA GROUP
Retail Associate | Opsm Rangiora Eyecare
Permanent · CANTERBURY
PETER ALEXANDER
2 x Casual - Sales Assistant - Peter Alexander nz - MT Maunganui
Permanent · AUCKLAND
PETER ALEXANDER
2 x Part Time - Sales Assistant - Peter Alexander nz - MT Maunganui
Permanent · AUCKLAND
LULULEMON
Assistant Manager | Christchurch (Tuesday - Saturday Rotation)
Permanent · CHRISTCHURCH
ICEBREAKER
Icebreaker : Sales Associate, Casual - Wellington Airport Touchlab
Permanent · WELLINGTON
DFS
Personal Shopper
Permanent · AUCKLAND
H&M
Department Manager- Chartwell (Hamilton)
Permanent · HAMILTON
H&M
Store Manager Wellington
Permanent · WELLINGTON
H&M
Sales Advisor- 28h
Permanent · AUCKLAND
H&M
Assistant Store Manager- Sylvia Park
Permanent · AUCKLAND
H&M
Department Manager- Sylvia Park
Permanent · AUCKLAND
Published
Nov 6, 2020
Reading time
2 minutes
Download
Download the article
Print
Text size

River Island is 'ready for' lockdown, profits rise

Published
Nov 6, 2020

Affordable fashion retailer River Island says it thinks it can cope with the new lockdown as its preparations have put it on the “strongest possible footing”. The company also reported a 10% increase in its operating profits for last year.


River Island says it's ready for the latest lockdown



In its latest year, it saw operating profits before one-off charges and “onerous leases” rising to £42 million with turnover broadly flat at  £880 million, The Times reported.

And while it's upbeat about its operations during the new English lockdown, the company hasn't come out of the challenges that it has faced in 2020 completely unharmed. 

The company has around 150 shops globally and its UK locations were shut for 13 weeks during the lockdown this spring.

In the summer it said that it would cut 350 senior jobs and it has also been looking at a number of store closures and negotiating to get rent reductions via a company voluntary arrangement.

But CEO Will Kernan said its investments in digital channels had reduced the overall impact of its store closures and helped to make up for some of the lost revenues.

He added that while 2020 has seen major issues for retailers, the underlying trend away from physical shops has been gaining momentum for some time. 

“Today’s retail environment is drastically different to that of 2019, but even before Covid-19, shopping habits and the role of stores were changing quickly,” he said. “As a result, we had already made important changes to ensure that River Island could hold its own in the face of these challenges.”

Copyright © 2024 FashionNetwork.com All rights reserved.