Home / Knowledge / News / Fashion / House of Fraser online sales zoom 41% in FY'14
House of Fraser online sales zoom 41% in FY'14
Apr '14
House of Fraser, the UK and Ireland’s premium department store group, updates the market on its performance for the 52 weeks to 25 January 2014.
Financial highlights for the period include:
- Record sales up 3.6% on a like-for-like basis (excluding VAT) to £1.2 billion;
- Online sales (excluding VAT) increased 41%, representing 12.2% of sales;
- Continued House Brand sales and cash margin growth, up 13% and 20% respectively;
- Highest ever gross profit of £430.6 million, up £26.8 million;
- Gross profit rate of 36.14%, up 108 basis points on the previous year;
- Adjusted EBITDA of £60.2 million, up 8.3% on the prior year (2013: £55.6 million);
- Cash flow from operations up 30% or £15.0 million to £64.8 million (2012/13: £49.8 million);
- Net debt of £131.4 million reduced by £25.8 million (2013: £157.2 million) including year-end cash balances of £120.0 million (2013: £92.7 million) and un-drawn RCF of £85.0 million; and
- Pension deficit reduced by £26.3 million to £20.6 million (2013: £46.9 million), following the merger of the Group’s schemes.
Operational highlights for the period include:
- Further enhancement of the Group’s website, including a redesign of the site and other enhancements increasing conversion; an improved distribution proposition with market leading delivery options to customers homes and to our stores; and an expanded product offer with the introduction of many new brands;
- New House Brand launches including Corsivo, an Italian inspired mens formalwear collection, as well as range extensions, with particularly strong performances from Linea across womenswear, menswear and home, Dickins & Jones womenswear, Label Lab womens and menswear, and Howick menswear;
- A strengthened Premium branded proposition with new introductions including brands such as Boss womenswear and Hallhuber and rollouts of numerous brand and concession partners;
- Continued enhancement of store environments, driving positive overall like for like sales growth in stand-alone stores; and
- The opening of the Group’s first international store in Abu Dhabi.
Click here to view full results. 

House of Fraser

Interviews View All

Sachin Sharma, Gem Enviro Management Pvt Ltd

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Anvita Mehra, Confidential Couture

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Software Firms, Head honchos

Software Firms
Head honchos

Blockchain technology will shorten lead times

Harmeet Singh,

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Michael Van Den Dolder,

Michael Van Den Dolder

Family-owned German textile machinery manufacturer Trützschler operates...

Alphonse Reddy,

Alphonse Reddy

Bangalore-based Sunday designs and makes mattresses and accessories that...

Dave Rousse, INDA

Dave Rousse

INDA, a global association of the nonwoven fabrics industry, has been...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Amiben Shroff, Shrujan

Amiben Shroff

From its modest beginning in the late 1960s, Shrujan has grown into a...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

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

November 2019

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

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search