>>
Home / Knowledge / News / Apparel/Garments / Arcadia Group total sales up 1.8%

Arcadia Group total sales up 1.8%

28
Nov '06
Arcadia Group Financial Results For The 53 Weeks Ended 2 September 2006, as follows:

Financial highlights
Operating profit of £300.6m, down 8.1 percent from £327.2m.
Total sales up 1.8 percent at £1,801.1m from £1,769.7m. Like for like sales down 1.9 percent.

Gross margin level with last year. Operating margin down 1.8 percentage points from 18.5 percent to 16.7 percent. EBITDA £357.5m, down £24.3m from £381.8m. Capital expenditure increased to £123m from £65m last year. No dividend has been declared.

Commenting on the announcement Philip Green said: “I am pleased to report an operating profit of £300.6m. This represents a strong performance when set against a competitive retail market, significant investment in new space by our competitors, and underlying cost inflation for all retailers. Our operating margin at 16.7 percent is still among the best in the industry.

Like for like sales since the year end are down 1 percent. However our disciplined stock control has enabled us to maintain our trading margins.

Our cash generation remains strong, enabling continued investment in all our brands. We have opened 46 new outlets comprising some 288,000 square feet during the year, and have re-sited a further 20.

Capital investment including new stores, refurbishments and e-commerce has increased from £65m last year to £123m this year.

We are continuing this investment, having already committed this year over £30mto new space and refurbishments, demonstrating our confidence in the business and the brand management teams.


Must ReadView All

Pic: Shutterstock.com

Textiles | On 24th Jan 2022

World economy to lose $12.5 trn in output by 2024 due to COVID: IMF

The world economy will lose $12.5 trillion in output by 2024 due to...

Pic: Karin59 | Dreamstime.com

Textiles | On 24th Jan 2022

Investor confidence in Germany rises in Jan despite supply crunch

Investor confidence in Germany rose in January, say recent figures,...

Pic: Nikolay Antonov | Dreamstime.com

Textiles | On 24th Jan 2022

People's Bank of China cuts benchmark lending rates

China’s central bank has cut the benchmark lending rate of loan prime ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Hopeful that issue will be resolved by first half of 2022

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Seema Mishra,

Seema Mishra

Set up in January 2020 by <b>Seema Mishra</b>, the Kasrawad Art Cluster...

Richard Armitage,

Richard Armitage

Adaptive Control automates, controls and monitors machines, systems and...

T Rajkumar,

T Rajkumar

<div>Confederation of Indian Textile Industry (CITI) being one of the...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Sujata & Taniya Biswas, Suta

Sujata & Taniya Biswas
Suta

Founded by <b>Sujata and Taniya Biswas</b>, Suta is a humble brand which...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

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

Leave your Comments

ESTEEMED CLIENTS

Under Armour Global Sourcing Ltd
Page Industries Limited (Bangalore)
Aquarelle Clothing Limited
Chico’ FAS
Tchibo GmbH
Aramark Uniform ;& Career Apparel, LLC
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Gatsby Africa
Puma
Hela Clothing Pvt Ltd
Vardhman Textile Ltd
Recron Polyester from Reliance Industries Limited
Chori Company Limited
Babyshop
Walmart
Eastman Chemical Company
Desigual - ABASIC, S.A.
Helly Hansen Far East Ltd
G-Star Raw C.V.
Grasim Industries Limited
Alix Partners
OVS Hong Kong Sourcing Ltd.
THE BOMBAY DYEING ;& MFG.CO. LTD
Boardriders Asia Sourcing Limited
Landmark Group
Lenzing Aktiengesellschaft
Huntsman (Singapore) Pte Ltd
MAS Active / MAS Kreeda / MAS Bodyline
Sportswear Company Spa
Alison Hayes Romania
Varner AS Retail
KIABI
Calvin Klein
LC Waikiki
Cat Tuong Real Estate Group Joint Stock Company
International Textile Manufacturers Federation
The Top Form Brassiere Manufacturing Company Limited
Rosset ;& Cia Limited
NITI Aayog
Reiter India Private Limited
Truetzschler India Private Limited
Lifestyle
Lisa S.P.A.
SYNERGIES HONG KONG LIMITED
J ;& P Coats
Asos
T.T. Limited
Midas Clothing Limited
Target Corporation (MN)
Benetton Group
The LYCRA Company Singapore  Pte. Ltd
IKEA of Sweden AB
C;&A Sourcing International Ltd
Tory Burch Hong Kong Ltd
KAS Direct Sourcing
Vianney Textil Hogar S.A. De C.V.
Gap International Sourcing Limited
Permoda(Koaj/Armi/Pronto/Bkul)
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Decathlon
Etam Group Strategy Hong Kong Limited
Maceton Limited
Sainsbury's Argos Asia Limited
SHAHI Exports Pvt Ltd
BIANCA
Esprit Europe Services GmbH
John Varvatos
Abit
PVH Corporation
BIMBA ;& LOLA SL
Splash
Amazon China
H;&M Hennes ;& Mauritz (Far East) Ltd
Lululemon Athletica Inc
Rayonese Textile Inc., Division de Culp Inc.
Tommy Hilfiger
Sportmaster Ltd.
Gokaldas Exports Limited
Sateri (Jiujiang) Fiber Co.,Ltd
TESCO INTERNATIONAL SOURCING LIMITED
Arvind Limited
Brandix Lanka Limited
Restoque S.A.
Gloria Jeans
Groz-Beckert East Asia LLP
Lacoste (Wanchai)
IDH – The Sustainable Trade Initiative
Bluestem Global Sourcing Limited
Hirdaramani International Export Private Limited
Guess Europe Sagl,

January 2022

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


Advanced Search