Home / Knowledge / News / Apparel/Garments / Core business drives FY14 pretax profit 21% at Bestseller
Core business drives FY14 pretax profit 21% at Bestseller
Dec '14
Driven by its core business, European fashion retailer, Bestseller reported a 21 per cent year on year surge in pretax profits for the fiscal year 2013-14.

Pretax profits rose 21 per cent from the previous fiscal year to €228.2 million in fiscal year 2013-14 mainly from contributions from its core business.

However revenue rose much slower at 5 per cent as against the last fiscal year and climbed to €2.7 billion in the reporting period.

“A 21 per cent increase in the bottom line indicates positive signs of improvement and it’s our core business that contributed to the positive results,” said CEO, Anders Holch Povlsen.

“Through an increased focus and through an even closer collaboration with our partners and customers, we have managed to grow and deliver better results in a challenging market,” he added.

”Our goal is that available digital options become a larger part of Bestseller’s DNA, and that the link between physical stores and online activities become even more natural," he informed.

Bestseller plans to continuously develop and strengthen its skills in order to be among the best in a tough market.

The retailer said it will focus on its product development and live up to increasing expectations from its customers, when it comes to always delivering the latest trends.

Povlsen credited employees of Bestseller by saying, “Our employees and partners have performed very well in the past year and they deserve great credit for the results.

“Looking ahead, we have launched several initiatives and there are many opportunities yet to explore, so we look forward to our 40th anniversary with great confidence in the future,” he concludes. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search