Topshop Parent Company And Beyonce Cooperation Clothing Brand In The 2016 Spring Listing

British Fashion Group Arcadia Group Ltd. announced today that it benefited from the international expansion of its fast fashion brand Topshop and the sale of the BHS department store of the loss department store, which recorded a 5.5% growth in the 2015 fiscal year ended August 29th, but the sales performance was relatively weak.

Annual operating profits (including write downs and special items, excluding BHS) increased from 238 million 400 thousand pounds in fiscal year 2014 to 251 million 600 thousand pounds. Sales totaled 2 billion 69 million 300 thousand pounds, up 1.8% from the previous year's 2 billion 32 million. Global digital sales grew by 23.9%.

Overall sales in the same store recorded a 0.7% decline, of which retail sales in the UK fell by 0.9% compared with the same period last year, while in the 10 week of the new financial year ending in fiscal 2015, the same store sales decline further expanded to 2.3%.

The current fiscal year 2016 Arcadia Group Ltd. capital expenditure The budget is 84 million pounds. In the spring of 2016, the group's Parkwood Topshop Athletic Ltd., a joint venture with international pop star Beyonc & Beyonce, will launch its first in the global market. Sports Street apparel series 。

In addition, the group will cooperate with Tesco PLC (TSCO.L), Tesco, the UK's largest supermarket group, and set up 15 sales outlets for its brand Dorothy Perkins, Burton and Evans in 5 Tesco PLC Tesco supermarkets to test the market reaction of the new business model. The group points out that its performance has been encouraging so far.

Arcadia Group Ltd. chairman Philip Green said in the earnings report that the group has achieved steady results in a challenging environment. However, Philip Green decided not to issue dividends for tenth consecutive years. In 2005, the Group paid a dividend of 1 billion 200 million to Philip Green wife, Arcadia Group Ltd. holding company Teveta Investments Ltd. Holdings Christina Green.

Total capital expenditure increased to 16% from 101 million 800 thousand in the previous year to 118 million 100 thousand. During the year, the group opened 5 Topshop/Topman independent stores in the United States, including the flagship store in Fifth Avenue, New York, which increased the total number of stores in the United States to 9. In addition, the group's cooperation with the US Department store retailer Nordstrom Inc. (NYSE:JWN), Nord, has achieved greater success and sales achieved 50% growth. Worldwide, Topshop/Topman franchise stores increased by 34, and other brand stores increased by 45.

As of August 29th, the group had net cash of 229 million 100 thousand pounds, up 14.7% from 199 million 800 thousand last year.