The group’s retail brands posted a record year, but there are signs momentum is slowing.
Australian consumers have spent up on pyjamas and pencil cases to lift global retail sales at Premier Investments – the owner of Peter Alexander and Smiggle – to record levels, though there are signs that momentum has slowed in the first weeks of the new year.
Premier’s five apparel brands, which include the likes of Portmans and Just Jeans, grew sales by 4.6 per cent for the year to $844.8 million. Lew said that the results show the group’s portfolio of retail brands continue to outperform the market. The group’s global sales for August and into September were down by 2 per cent on the same time last year – though Premier said it was looking forward to the Christmas trading quarter, which has a significant impact on the company’s results.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Solomon Lew’s Premier revs up Smiggle in Middle EastThe retailing billionaire’s Premier Investments says sales slowed in August and September in tougher times.
Read more »
Fashion mogul Peter Nygård allegedly used firm’s head office to assault womenIn a trial that started Tuesday in Toronto five women accuse Nygård of similar sexual assaults and confinement over 25 years
Read more »
Dutton claims Voice not in Australia's 'best interests'Opposition Leader Peter Dutton has doubled down on claims the Voice to Parliament is dividing Australia, saying it was in the country's 'best interests' to vote against the proposal.
Read more »
Meriton swoops on $50m Sydney site as receivership sales flood marketMore than one in 10 development sites for sale in western Sydney are being sold by receivers, Peter Vines of Ray White Commercial says.
Read more »
Isak earns Newcastle Carabao Cup win as Manchester City rue wasted journeyDespite dominating possession, Manchester City lost 1-0 to Newcastle at St James’ Park thanks to Alexander Isak’s second-half goal
Read more »