Home / Knowledge / News / Apparel/Garments / Pretax profits zoom 68.1% at retailer Bonmarché in H1FY15
Pretax profits zoom 68.1% at retailer Bonmarché in H1FY15
Dec '14
In its interim results for the 26 week period ended 27 September 2014, women’s value retailer, Bonmarché said its pretax profits zoomed 68.1 per cent from the same period last fiscal year.

In the first half of 2014-15, Bonmarché reported profit before tax of £6.4 million, up 68.1 per cent from £3.8 million from the first half of 2013-14 and also a growth of 15 per cent on underlying basis.

Total revenue too rose in double digits by 11.8 per cent in the period under review to touch £91.1 million from £81.5 million and it achieved a store LFL sales growth of 7.8 per cent.

Pretax profit margin also went up to 7.0 per cent from 4.7 per cent in the corresponding period of last year.

Earnings per share were 9.9 pence in the reporting period as against 5.2 pence last year while on an underlying basis it was 8.7 pence.

Cash generation and cash equivalents at half year end of 2014-15 stood at £13.5 million compared to £11.3 million in the first half of 2013-14.

The retailer declared an interim dividend of 2.3 pence per share.

Bonmarché said it achieved good progress with continued developments in product, pricing and supply chain and was also able to achieve higher pricing due to range improvements.

It was also able to reduce entry prices in line with its ‘first price, right price’ strategy, while average selling price increased through stretching exit prices.

The women’s apparel retailer was also able to hike online sales to 7.2 per cent of total sales for the six months to September 27, 2014, up from 5.3 per cent from comparative period last year.

In the reporting period, Bonmarché refitted 11 stores and also expects to refurbish approximately 40 further stores in the next fiscal year.

CEO Beth Butterwick said, “Towards the end of the second quarter, trading conditions became more difficult due to the unseasonably warm weather, which has continued into the second half.”

“However, on the basis that the weather returns to its normal seasonal pattern, the board expects the current year’s performance to be in line with its original expectations,” she added. (AR)

Fibre2fashion News Desk - India

Must ReadView All

AfCFTA expected to come into force by mid-2019

Textiles | On 18th Feb 2019

AfCFTA expected to come into force by mid-2019

The African Continental Free Trade Area Agreement could be in force...

Courtesy: M&S

Apparel/Garments | On 18th Feb 2019

Marks & Spencer to open 6 stores in India in 60 days

British retailer Marks & Spencer (M&S) will open six stores in India...

Bengal calls for tripartite meet for jute sector impasse

Textiles | On 18th Feb 2019

Bengal calls for tripartite meet for jute sector impasse

The West Bengal government has urged jute mill owners and workers'...

Interviews View All

Top executives, Indian retail players

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Karan Suratwala, Key Textile Accessories Private Limited

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Cindy McNaull, Cordura

Cindy McNaull

We have broad range of options in durable fabrics

Liz Manning,

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Siddhachakra Weaving (Badiya Fashion),

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Kevin Nelson, TissueGen

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Igor Chapurin, Chapurin

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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


Leave your Comments

February 2019

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

news category

Related Categories:

Advanced Search