Home / Knowledge / News / Apparel/Garments / Blacks Leisure's new stores performing strongly
Blacks Leisure's new stores performing strongly
05
May '11
Blacks Leisure Group plc announcement result for the year ended 26 February 2011.

Highlights

• Significant reduction in loss before tax to £5.3m (2010: £43.6m) and in loss before tax and exceptional items to £6.6m (2010: £14.4m)

• Exit from non-core Boardwear segment planned to be completed by half year

• New stores performing strongly

• Julia Reynolds to join as new Chief Executive

• Banking facilities extended to July 2012 and further extended to November 2012 upon the new Chief Executive commencing employment with the Group

David Bernstein, Chairman, said: "This has been another difficult year for both the Group and the UK retail sector generally, with consumer confidence still continuing to be fragile. Despite this, action taken by the Group has resulted in the delivery of a much reduced loss for the year."

"I am delighted to announce that Julia Reynolds has accepted our offer to join Blacks Leisure as Chief Executive towards the end of the Summer. Julia is a very experienced buyer and retailer who will join us from Figleaves.com where, as CEO, she drove a period of significant growth and improvement in results. Prior to that, Julia was Category Director at Tesco plc where she was responsible for the introduction and subsequent success of the Florence & Fred clothing range."

Neil Gillis, Chief Executive, said: "Blacks Leisure now has a more focussed estate of stores, a significantly reduced overhead base and a proven new store format which has been successfully rolled out this year. The business is now well placed to move from turnaround to recovery with a focus on outstanding retailing to restore it to a leadership position within Outdoor retail."

Blacks Leisure Group plc


Must ReadView All

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Urmil Arya

Sushila International, a well established textile organisation established ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

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

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search