Slimma reports sales drop
British women's wear supplier Slimma has reported a drop in sales in the year ended September 2005, as a result of its exit from the private-label sector, reports just-style.
Profit for the full year increased to £1 million from £0.9 million the year before. Turnover fell to £23.19 million from £25.93 million last year.
Earlier last year the company said that it would close down its private-label business to focus on its own brands, as increased competition on the high street had repeatedly hurt the private-label business.
Slimma expects sales from its brands this year to account for 92 percent of total sales.
www.slimma.co.uk
5 January 2006
Slimma completes integration Frank Usher
Slimma has completed the integration of Frank Usher, the specialist for evening and special occasionwear acquired in March this year. The Frank Usher reorganisation went according to plan and the warehouse and distribution were relocated from London to Slimma's central distribution in Stoke.
Frank Usher, despite reorganisation expenses, accounted for an operating profit of GBP 226,000 on sales of GBP 7.7m in the year ended 28 September 2001. Slimma's total turnover increased by 45 % to GBP 26.4m in this period. Pre-tax profit was up by 60 % to GBP 1.5m. According to the company, results benefited from the acquisition of Frank Usher.