Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We use cookies to personalise your experience; learn more in our Privacy and Cookie Policy. You can opt out of some cookies by adjusting your browser settings; see the cookie policy for details. By using this site, you agree to our use of cookies.

Arcadia total sales up 1.8% but like-for-likes fall

Arcadia Group has “fought hard” this year to maintain its position as a leader in the UK fashion market while expanding internationally, according to chairman Sir Philip Green.

Green told Drapers he was pleased with Arcadia’s results for the year ended August 29, particularly its international and online growth.

Arcadia Group’s total sales rose 1.8% to £2.07bn during the period, but its total like-for-likes fell 0.7%. Underlying UK retail like-for-likes were down 0.9% year on year.

However, online sales were up 23.9%, and the group made an operating profit before goodwill and exceptional items of £251.6m, up from £238.4m last year. It had a headline cash generation of £328.1m, up from £316.7m.

For the first 10 weeks of this financial year, like-for-like sales were down 2.3% year on year.

“As always it’s a competitive and ever-changing marketplace,” said Green. “We’ve fought hard to maintain business in the UK, reopening the Topshop/Topman flagships in Birmingham and Oxford.

“We have plans to open Topshop/Topman in Manchester next year [replacing/adding to the one in the Arndale shopping centre] and continue to grow our franchise business, with discussions already taking place in China and India.”

Green said the decision to sell BHS to Retail Acquisitions in March had enabled Arcadia “to focus on the growth of our multiples brand operation in the UK and internationally”.

During the year, the group opened five new company-owned Topshop/Topman stores in the US, bringing its total there to nine.

It further developed its partnership with US retailer Nordstrom and now trades out of 94 Topshop concessions and 85 Topman, as well as It is in discussions to develop further space for both.

A 12,620 sq ft Topshop flagship opened in Amsterdam in February.

Arcadia Group has 2,358 UK stores.






Readers' comments (2)

  • Worth noting that these are the results for "continuing operations" and that the big BHS losses have been stripped out of both years

    Unsuitable or offensive? Report this comment

  • not to mention the compulsory supplier additional % contributions

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.