Low price fashion
Article Abstract:
Forminster was a clothing producer which moved into fashion retailing with the acquisition of Kookai in 1996. The company was a supplier of garments to Littlewoods, but was affected by cheap imports and an increase in production costs. The Kookai acquisition was followed by the sale of Forminster's women's clothing manufacturing division. The company has moved into profitability and benefits from tight stock management. The company's profit could rise by 64% to 3.2 million pounds sterling for 1998, according to UBS.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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An enviable record
Article Abstract:
Style is a clothing retailer which is expanding and has experience as an operator of concessions in the United Kingdom. The company is able to cut the costs of renting stores by using space in the back of the shop and having narrow stores. Space near the front is more expensive, and not all retailers are confident that they can obtain good sales from the backs of stores. The company's profit is forecast at 2.5 million pounds sterling minimum for 1998 to 1999 by analysts.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Etam
Article Abstract:
Etam reported a rise in losses for 1st half 1996 and attributes this to merchandise inadequacies. The company's managing director is Nick Hollingworth and he has spent 15 months in this post. A relaunch is being carried out and some 75% of middle and senior management have been replaced. The company is planning a new logo and displays and will cease to use heavy discounting to attract customers. The company's sales are reviving but it is behind competitors.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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