fiscal year 2016 news and archive

Bonmarché reports 5.3 percent revenue growth in FY16

London - UK womenswear retailer Bonmarché has reported a 5.3 percent increase in its total revenue up from 178.6 million pounds in 2015 to 188 million pounds for the 52 weeks which ended March 26, 2016. During its fiscal year 2016, store like-for-like sales increased 0.7 percent and online sales grew 3.6 percent. Profit before tax reached 9.6...

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Matalan sales drop 3 percent in FY16

Value fashion and homeware retailer Matalan has reported a 3 percent drop in total revenue from 1.09 billion pounds to 1.06 billion pounds for the fiscal year 2016. Revenue before exceptional items for the 52 weeks to 27 February, 2016, the retailer was 1.05 billion pounds, a 3.4 percent decrease compared to the previous year. Matalan attributed...

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New Look revenue up 5.4 percent in "milestone" FY16

London - New Look has enjoyed a solid year, as its strategy has resulted in an revenue increase of 5.4 percent for the fiscal year 2016. Revenue for the 52 weeks to March 26, 2016 hit 1.49 billion pounds compared to 1.41 billion pounds for FY15, bolstered by the brand's multi channel push, menswear focus and "continued success" in China. New...