- Angela Gonzalez-Rodriguez
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New York – Turnover increased at British brand Barbour by 22.8 million
pounds to 225.1 million pounds for the year ended on April, 30 2019. The
brand, which turned 125 this year, said the results showed the strength of
the Barbour name, despite a “backdrop of uncertainty”.
Operating profit was up 4.8 million pounds to 38.39 million pounds,
compared with 33.5 million pounds in the year to April, 30 2018. Profit
after tax was 31.1 million pounds, up from 27.1 million pounds in 2018.
Operating profit increased despite House of Fraser’s collapse
“The growth was consistent across the majority of major wholesale and
distributor markets, with growth realised across many of our product
category focus areas,” said the brand in its report.
“Operating profit increased by over 4.8 million pounds, despite a
significant impact from House of Fraser falling into administration. The
profit figure representing financial resilience and strength, despite
increasing pressure on margin, the ever-increasing need to invest and
continued foreign exchange challenges.
A spokesman quoted by ‘The Telegraph’ said in this regard that “This
result shows the strength of our brands despite a backdrop of uncertainty
and difficult trading conditions on the high street.” The quintessentially
British label advanced that, looking ahead, “Focus remains high on overhead
cost control, while we strive to deliver excellent products and engaging
consumer campaigns as well as unwavering commitment to excellent customer
experience.”
Photo credits: Barbour, official site
